Planetree International Development Limited board of directors announced that Mr. Ha Kee Choy, Eugene has tendered his resignation as an independent non-executive director of the Company with effect from 1 December 2020 in order to pursue his other business commitments. Consequent upon Mr. Ha's resignation, he will cease to act as the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company with effect from 1 December 2020. The Board announced that Ms. Liu Yan, an independent non-executive director of the Company since 1 November 2020, has been appointed as the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company with effect from 1 December 2020. Ms. Liu is currently serving as an independent non-executive director of Tai United Holdings Limited since June 2015, Haitong International Securities Group Limited since June 2018 and Great Wall Pan Asia Holdings Limited since November 2018. She previously served as an independent non-executive director of U Banquet Group Holding Ltd. from October 2016 to September 2018.