Rainforest Resources Announces Sung Ho Hwang as Independent Director

Rainforest Resources Inc. November 13, 2020

Miami, Florida

Symbol: RRIF

Rainforest Resources Inc. is pleased to announce the appointment of Sung Ho Hwang as an Independent Director. Mr. Hwang, a graduate of the University of Korea, was previously the CEO of Woori Investment and Securities Company. He is replacing Mr. Pranpravee Tason.

Mr. Hwang held the position of CEO of Prudential Corporation Asia’s asset management Korea (owned by the Prudential UK Group) and managed PCA’s asset management businesses in Korea, Malaysia, Vietnam, Dubai and the retail businesses of Hong Kong and Singapore.

Mr. Hwang’s additional experience was as the CEO of Cheil Investment and Trust Company, Citibank Korea’s Director for North America consumer banking division for Korean American’s in the USA, Co-CEO of Bank of Athens and CEO of Diner’s Club Card, Korea.

Mr. Hwang received an individual citation from the President of the Republic of Korea for the efforts rendered for the inducement of foreign capital in Korea during the 2001 Asian Financial Crisis.

This Press Release contains certain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects” “anticipates” “plans” “believes” “scheduled” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, and stability. Forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors beyond the control of management. All forward-looking statements speak only as of the date of this release, or, in the case of any documents incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. The company does not undertake any obligation to update or publicly release any revisions to forward looking statements to reflect events, circumstances or changes in expectations after the date of this report.