Planetree International Development : RESIGNATION OF EXECUTIVE DIRECTOR

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(Incorporated in Bermuda with limited liability)

(Stock code: 00613)

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of Planetree International Development Limited (the "Company") announces that Ms. Wong Sheun Fun, Estella ("Ms. Wong") has tendered her resignation as an executive director of the Company with effect from 1 March 2021, due to her other business commitments.

Ms. Wong has confirmed to the Company that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.

The Board would like to thank Ms. Wong for her valuable contribution to the Company during her tenure of office.

By order of the Board

Planetree International Development Limited

Dr. Leung Wing Cheung, William

Executive Chairman

Hong Kong, 26 February 2021

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors:	Independent Non-Executive Directors:
Dr. Leung Wing Cheung, William	Mr. Chan Sze Hung
(Executive Chairman)	Mr. Zhang Shuang
Mr. Lam Hiu Lo	Mr. Chung Kwok Pan
Mr. Liang Kang	Ms. Liu Yan
Ms. Cheung Ka Yee
Ms. Wong Sheun Fun, Estella
Mr. Man Wai Chuen