Timberwell Stock

Timberwell Berhad is primarily engaged in forest management, timber harvesting, marketing and trading of timber. The Company's business divisions include forestry, plantation, trading, and property. Its forestry division oversees the timber harvesting and forest regeneration activities of the Company in compliance with the annual work plan approved by the Sabah Forestry Department. The harvested timber is supplied to other local millers and exported to countries in the Asian region. Its plantation division is engaged in the cultivation of industrial trees of approved species. The indigenous industrial tree plantation species being cultivated include Laran, Binuang, Jelutung and rubber trees. Its trading division activities include timber marketing and trading of timber. Its property division is involved in management and investment and holding of its properties. The Company is a license-holder of the Sustainable Forest Management License Agreement 06/97 (SFMLA).