Planetree International Development Limited announce that Mr. Xing Shaonan has been appointed as an executive Director and the Vice Chairman of the Company with effect from 1 March 2024. Mr. Xing, aged 68, obtained a master degree of business administration from Murdoch University in Perth, Western Australia in March 1998. In January 2018, he was appointed as a committee member of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference.

Mr. Xing has more than 20 years of experience in the finance industry. Since 2003, Mr. Xing has been working at Offshore Capitals Investment (Holdings) Limited as the chief executive officer and an executive director. Subsequently, Mr. Xing will resign from all the current positions at Offshore Capitals.

From June 1999 to June 2002, Mr. Xing served as the secretary to the office of the chief executive officer of Asia Television Limited, one of the two wireless commercial television stations in Hong Kong at the relevant time. Mr. Xing was an independent non-executive director of Min Fu International Holding Limited (formerly known as Zhicheng Technology Group Ltd.), the shares of which are listed on the GEM of the Stock Exchange of Hong Kong, during the period from March 2018 to January 2022.