The board (the "Board") of directors of Planetree International Development Limited announce that Mr. Cheung Ting Kee ("Mr. Cheung"), an executive Director, has been re-designated from the Acting Chairman to the Managing Director of the Company with effect from 1 February 2024. Mr. Cheung, aged 54, has over 28 years of working experience in the securities industry including equity research, equity sales, fund management and corporate finance. Mr. Cheung is currently the sole director and a responsible officer of Akron Corporate Finance Limited, an indirect wholly-owned subsidiary of the Company, which is a Hong Kong company licensed to carry out type 6 (advising on corporate finance) regulated activity under the SFO.

Mr. Cheung is a holder of a Bachelor Degree of Business Administration and a Master Degree in Professional Accounting. He is a fellow member of the Institute of Certified Management Accountants, Australia. Mr. Cheung is an independent non-executive director of Yue Da International Holdings Limited.