Planetree International Development Limited — Earnings Release 2021

Jul 20, 2021

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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Planetree International Development Limited 梧桐國際發展有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 00613)

POSITIVE PROFIT ALERT

This announcement is made by Planetree International Development Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the “ Board ”) of directors of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts (the “ Management Accounts ”) of the Group for the six months period ended 30 June 2021 (the “ Period ”) and the information currently available to the Board, the Group is expected to record a profit before tax for the Period in the amount of approximately HK$21 million as compared to a loss before tax of approximately HK$73 million for the six months ended 30 June 2020 (the “ Previous Period ”). The Board considers that the improved profitability during the Period is mainly attributable to: (1) the successful development of the Group’s financial services and other businesses generating a consolidated revenue of HK$100 million during the Period (compared to HK$36 million for the Previous Period); and (2) the reduction in fair value losses on financial assets (including the share of loss from an associate principally engaged in investment holding) by HK$38 million during the Period when compared to the Previous Period. Excluding the share of loss from the associate for HK$28 million, the Group’s profit before tax during the Period is estimated as HK$49 million.

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The Company is still in the process of finalising the interim results for the Period. The information presented in this announcement is only based on the information currently available to the Company and the preliminary assessment by the Board on the Management Accounts, which have not been confirmed or reviewed by the Company’s auditors or the audit committee of the Company and may be subject to adjustment(s). Shareholders and potential investors are advised to read carefully the announcement of the Company in relation to the interim results of the Group for the six months ended 30 June 2021, which is expected to be published before the end of August 2021 in compliance with the Listing Rules.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board Planetree International Development Limited Man Wai Chuen Executive Director

Hong Kong, 20 July 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 Ms. Cheung Ka Yee Ms. Liu Yan Mr. Man Wai Chuen

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