GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

As previously disclosed by Green Dragon Wood Products, Inc. (the
Company), on February 2, 2017, the Company entered into an
Agreement and Plan of Merger (the Merger Agreement) with
Zeecol Limited, a New Zealand corporation (Zeecol), the
shareholders of Zeecol (the Zeecol Shareholders) and Zeecol
Acquisition Limited, a New Zealand corporation and a wholly-owned
subsidiary of the Company (the Merger Sub), providing for
the merger of Merger Sub with and into Zeecol (the
Merger), with Zeecol surviving the Merger as a
wholly-owned subsidiary of the Company. The Merger was
consummated on February 8, 2017.

Following the consummation of the Merger, on February 10, 2017,
Stephen Lee resigned from his position as Chief Executive Officer
of the Company and William Mook was appointed as the new Chief
Executive Officer. Further, Stephen Lee was appointed to a new
position as Vice President of Wood Products of the Company. On
the same day, Mr. Tony Baxter was appointed as Chief Operating
Officer of the Company and Mr. Russell Covarrubia was appointed
Chief Financial Officer of the Company. In addition to the
foregoing, on February 23, 2017, Ms. Mei Ling Law resigned from
the Board of Directors of the Company Ms. Laws resignation was
not due to any disagreement with the Company. Biographies of each
of the current directors and officers of the Company are provided
below.

William Mook Chief Executive Officer and
Director: Mr. Mook serves as Chief Executive
Officer and Director of the Company. In 2011, Mr. Mook founded
Zeecol Limited and was its President and Chief Executive Officer.
He has over 18 years of experience in manufacturing industry as
an OEM, and technology investor. He has over 20 years of
experience as President/CEO of various companies including
MokEnergy, Sugico Mok and Rapi-Serv Cash Systems. He holds a
number of patents in a wide range of fields. In addition to his
management and motivational skills he is an accomplished speaker
and team builder. Educational background: Mr. Mook served as a
remote teaching associate in the Physics and Energy course taught
in the physics department at Stanford in 2015. William has worked
under Dr. Robert Laughlin at Stanford. Robert received a Nobel
Prize in 1998 for discovery of the Fractional Quantum Hall
Effect.

Kwok Leung Lee: Vice President of Wood Products and
Director. Mr. Lee serves as Vice President of Wood
Products and Director of the Company. Prior to this, Mr. Lee
served as the Companys President/Chairman of the Board of
Directors beginning in September 1998. Mr. Lee, also known as
Stephen Lee, is a graduate of Michigan State University with a
Bachelor Degree in Social Sciences. He received a Master of
Science in Management from Shiga University in Japan in 1993 with
a specialization in management and economics. Mr. Lee is fluent
in Chinese, Japanese and English. Mr. Lee has traveled
extensively worldwide for Green Dragon handling purchasing,
negotiations with client companies, logistics, and administration
and finance. He has more than thirteen (13) years of diverse
product knowledge and global experience in wood products ranging
from softwood to hardwood, log to lumber to veneer. His
experience extends to furniture, flooring, interior decoration,
musical instruments, and sports equipment.

Tony Baxter Chief Operating Officer:
Mr. Baxter serves as the Chief Operating Officer of the Company.
Prior to this, Mr. Baxter served in that capacity for Zeecol
Limited beginning in 2016. He holds a New Zealand Certificate of
Engineering in Electrical and Electronic Engineering. He has over
30 years of experience as senior executive for major electronic
firms in the region such as Tait Electronics, Cray
Communications, Motorola and Raytheon. His last position prior to
taking early retirement six years ago was as General Manager of
Alan J Brown Associates specialized in Security Communications
Systems.

Russell Covarrubia Chief Financial
Officer: Mr. Covarrubia serves as the Chief
Financial Officer of the Company. Mr. Covarrubia served in that
capacity for Zeecol Limited beginning in 2015. He specializes in
financial structuring and investing, and prior to joining Zeecol
Limited, Mr. Covarrubia served as Vice President of Universe
Capital Partners LLC, where he helped structure and fund Turkish
private and public companies, and he also served as Chief
Executive Officer of UCP Holdings Inc. Prior to that he was
Executive Vice President AFLG Investments and Chief Investment
Officer of Universe Capital Partners LLC.

About GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP)

Green Dragon Wood Products, Inc. is engaged in the import/export of various species of wood logs, veneers and lumber from the United States, Africa, Europe and Southern China. The Company, through its subsidiaries is engaged in re-sale and trading of wood logs, wood lumber, wood veneer and other wood products in Hong Kong. The raw wood materials, it imports/exports are used in furniture, molding, flooring, furnishings, doors and musical instruments. The Company trades its products to importers or distributors. Its subsidiaries are Green Dragon Industrial Inc. and Green Dragon Wood Products Co., Limited.

GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) Recent Trading Information

GREEN DRAGON WOOD PRODUCTS, INC. (OTCMKTS:GDWP) closed its last trading session up +0.025 at 0.125 with 15,000 shares trading hands.