Planetree International Development Limited — Board/Management Information 2012

Mar 30, 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)

(Incorporated in Bermuda with limited liability)

(Stock Code: 613)

ESTABLISHMENT OF NOMINATION COMMITTEE AND CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE

ESTABLISHMENT OF NOMINATION COMMITTEE

The board (the “ Board ”) of directors (the “ Directors ”) of Yugang International Limited (the “ Company ”) is pleased to announce that, in compliance with Code Provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘ Listing Rules ’’) which will come into effect on 1 April 2012, a nomination committee of the Board (“ Nomination Committee ”) has been established on 30 March 2012 with written terms of reference. Mr. Cheung Chung Kiu, the chairman of the Board, has been appointed the chairman of the Nomination Committee. Other members include Mr. Leung Yu Ming, Steven and Mr. Ng Kwok Fu, both are independent non-executive Directors.

CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE

The Board is also pleased to announce that, in compliance with the amendment of Rule 3.25 of the Listing Rules which will come into effect on 1 April 2012, Mr. Leung Yu Ming, Steven, an independent non-executive Director, has been appointed the chairman of remuneration committee of the Board (“ Remuneration Committee ”) in place of Mr. Cheung Chung Kiu with effect from 30 March 2012. Mr. Cheung Chung Kiu shall remain as a member of the Remuneration Committee.

After the change, the composition of Remuneration Committee comprises a majority of independent non-executive Directors with members including Mr. Leung Yu Ming, Steven (chairman), Mr. Cheung Chung Kiu and Mr. Ng Kwok Fu.

For and on behalf of Yugang International Limited Yuen Wing Shing Managing Director

Hong Kong, 30[th] March 2012

As at the date of this announcement, the Board comprises five executive 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; two non-executive Directors, namely Mr. Lee Ka Sze, Carmelo and Mr Wong Yat Fai; three independent non-executive Directors, namely Mr. Luk Yu King, James, Mr Leung Yu Ming, Steven and Mr. Ng Kwok Fu.

• For identification purposes only