Planetree International Development Limited — Board/Management Information 2012

Dec 31, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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YUGANG INTERNATIONAL LIMITED * (渝港國際有限公司)

(the “Company”)

(Incorporated in Bermuda with limited liability)

(Stock Code: 613)

RESIGNATION OF NON-EXECUTIVE DIRECTOR

Pursuant to Rule 3.10A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules” ), the Company must, by 31 December 2012, appoint such number of independent non-executive directors that represents at least one third of the board of directors (the “ Board” ) of the Company.

In order to comply with the new requirements of Rule 3.10A of the Listing Rules, Mr. Wong Yat Fai (“ Mr. Wong ”) has voluntarily resigned as a non-executive director of the Company with effect from 31 December 2012. Following his resignation, the Board will have nine directors, of which three are independent non-executive directors, and will be in compliance with the new requirements of Rule 3.10A of the Listing Rules.

Mr Wong confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to take this opportunity to thank Mr. Wong for his invaluable contribution to the Company during his tenure of service.

For and on behalf of Yuen Wing Shing Managing Director

Yugang International Limited

Hong Kong, 31 December 2012

As at the date of this announcement, the Board comprises nine directors, namely Mr. Cheung Chung Kiu (Chairman), Mr. Yuen Wing Shing (Managing Director), Mr. Zhang Qing Xin, Mr. Lam Hiu Lo and Mr. Liang Kang as executive directors; Mr. Lee Ka Sze, Carmelo as nonexecutive director; and Mr. Luk Yu King, James, Mr. Leung Yu Ming, Steven and Mr. Ng Kwok Fu as independent non-executive directors.

* For identification purposes only