Announcement • Jul 26
Planetree International Development Limited Updates Earnings Guidance for the Six Months Ended 30 June 2026 Planetree International Development Limited updated earnings guidance for the six months ended 30 June 2026. For the period, the Group is expected to record an unaudited consolidated profit attributable to the Shareholders for the six months ended 30 June 2026 (the "Reporting Period") of approximately HKD 760 million as compared to approximately HKD 108 million for the six months ended 30 June 2025, representing a substantial surge of approximately 600%, and the Group's consolidated net asset value will surge to over HKD 4.8 billion, representing an increase of more than 130% as at the end of the Reporting Period. The HKD 160 million incremental uplift boosted the expected attributable profit for the Reporting Period from the previous estimate of approximately HKD 600 million set out in the Announcement to approximately HKD 760 million mentioned above. The boosted profit stems mainly from recognition of unrealized fair value gain on the investee companies of approximately HKD 160 million upon recent receipt of additional financial information provided by the investee companies held by the Group as financial assets at fair value through profit or loss. The financial information of the investee companies reflects substantial increases in the fair value of their net assets during the Reporting Period. All other profit drivers previously disclosed in the Announcement remain unchanged. Announcement • Jul 18
Planetree International Development Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2026 Planetree International Development Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2026. For the period, the Group is expected to record profit attributable to the Shareholders approximately HKD 600 million as compared to approximately HKD 108 million for the six months ended 30 June 2025, representing a substantial surge of 555%. The material uplift in the attributable profit for the Period is primarily driven by the combined contribution of a net fair value gain on financial assets, an increase in revenue and an increase in positive contribution relating to share of results from associates. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ka Ki Ma was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Planetree International Development Limited, Annual General Meeting, May 27, 2026 Planetree International Development Limited, Annual General Meeting, May 27, 2026. Announcement • Mar 16
Planetree International Development Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Planetree International Development Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Aug 15
Planetree International Development Limited to Report First Half, 2025 Results on Aug 27, 2025 Planetree International Development Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Mar 27
Planetree International Development Limited, Annual General Meeting, Jun 19, 2025 Planetree International Development Limited, Annual General Meeting, Jun 19, 2025. Announcement • Mar 13
Planetree International Development Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Planetree International Development Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Sep 27
First half 2024 earnings released: HK$0.096 loss per share (vs HK$0.032 loss in 1H 2023) First half 2024 results: HK$0.096 loss per share (further deteriorated from HK$0.032 loss in 1H 2023). Revenue: HK$53.4m (down 18% from 1H 2023). Net loss: HK$91.1m (loss widened 197% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
Planetree International Development Limited to Report First Half, 2024 Results on Aug 29, 2024 Planetree International Development Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 25
Planetree International Development Limited Announces Management Changes, Effective from 1 May 2024 The board of directors of Planetree International Development Limited announced that Mr. Xing Shaonan ("Mr. Xing") has tendered his resignation as an executive Director and the Vice Chairman of the Company with effect from 1 May 2024, due to his personal engagements. The Board to announce that Mr. Cheung Ting Kee ("Mr. Cheung"), an executive Director, has been redesignated from the Managing Director to the Vice Chairman of the Company with effect from 1 May 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. He 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 corporatefinance) regulated activity under the Securities and Futures Ordinance. Mr. Cheung is a holder of a Bachelor's Degree of Business Administration and a Master's 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, the shares of which are listed on the Main Board of the Stock Exchange, since July 2015. Under the letter of appointment entered into between Mr. Cheung and the Company, there is no specific length of his service of directorship and can be terminated by at least a one month's notice in writing served by either party on the other, and is subject to the retirement and re-election under the provisions of the bye-laws of the Company. Pursuant to the existing letter of appointment of Mr. Cheung as an executive director of the Company continuing to be effective other than the redesignation of job title, Mr. Cheung's monthly salary will remain the same as HKD 50,000, which is determined by the Board based on the review and recommendation from the remuneration committee of the Company with reference toMr. Cheung's duties and responsibilities within the Company, the Company's performance and the prevailing market situation. Mr. Cheung was the sole director of JRDA Limited, a company incorporated in the Cayman Islands. It applied for striking off from the Registrar of Companies in theCayman Islands and was dissolved pursuant to section 156 of the Companies Act (as revised) of the Cayman Islands on 31 March 2022. Mr. Cheung confirmed that it was solvent and inactive at the time of such striking off application. The Board to announce that Dr. Mack Andrew Kar Lung ("Dr. Mack") has been appointed as an Executive Director and the Managing Director of the Company with effect from 1 May 2024. Dr. Mack, aged 51, received his Ph.D. in Theoretical Physics from Rutgers University and a Bachelor's Degree in Physics and Mathematics with Honors and PhiBeta Kappa distinction from Cornell University, both in the United States. Dr. Mack is a dynamic professional specializing in quantitative investment and data science. He has unique perspectives at the intersection of science, finance and data. With over 15 years of working experience in finance and banking industry, Dr. Mack excels in quantitative strategy development, mathematical modeling and portfolio management. He has not held any directorships in listed public companies in the past three years. As at the date of this announcement, Dr. Mack does not hold any other positions with the Company or other members of the Group. Throughout his entire career, he has consistently relied on data-distilled insights and interdisciplinaryknowledge to inform and drive his decision-making. Pursuant to the service agreement entered into between Dr. Mack and the Company, Dr. Mack has been appointed without a specific term from 1 May 2024, and is subject to the retirement and re-election under the provisions of the bye-laws of theCompany. He will receive remuneration of HKD 120,000 per month commencing from 1 August 2024 (as Dr. Mack has voluntarily waived his salary for the first 3 months) for his appointment and service with the Company, which is determined by the Board upon recommendation from remuneration committee of the Board with reference to his qualification, level of duties and responsibilities undertaken in the Company and the prevailing market conditions. In accordance with the bye-laws of the Company, Dr. Mack will hold office until the next following annual general meeting of theCompany and will then be eligible for re-election. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.018 loss in FY 2022) Full year 2023 results: HK$0.15 loss per share (further deteriorated from HK$0.018 loss in FY 2022). Revenue: HK$113.4m (down 27% from FY 2022). Net loss: HK$140.1m (loss widened HK$123.0m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Planetree International Development Limited, Annual General Meeting, Jun 19, 2024 Planetree International Development Limited, Annual General Meeting, Jun 19, 2024. Announcement • Mar 16
Planetree International Development Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Planetree International Development Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Board Change • Mar 06
Less than half of directors are independent Following Vice Chairman Gordon Xing's arrival on 01 March 2024, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Ka Ki Ma was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 29
Planetree International Development Limited Appoints Xing Shaonan as an Executive Director, Effective from March 1, 2024 Planetree International Development Limited announce that Mr. Xing Shaonan has been appointed as an executive Director and the Vice Chairman of the Company with effect from 1 March 2024. Mr. Xing, aged 68, obtained a master degree of business administration from Murdoch University in Perth, Western Australia in March 1998. In January 2018, he was appointed as a committee member of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference. Mr. Xing has more than 20 years of experience in the finance industry. Since 2003, Mr. Xing has been working at Offshore Capitals Investment (Holdings) Limited as the chief executive officer and an executive director. Subsequently, Mr. Xing will resign from all the current positions at Offshore Capitals. From June 1999 to June 2002, Mr. Xing served as the secretary to the office of the chief executive officer of Asia Television Limited, one of the two wireless commercial television stations in Hong Kong at the relevant time. Mr. Xing was an independent non-executive director of Min Fu International Holding Limited (formerly known as Zhicheng Technology Group Ltd.), the shares of which are listed on the GEM of the Stock Exchange of Hong Kong, during the period from March 2018 to January 2022. Reported Earnings • Sep 04
First half 2023 earnings released: HK$0.032 loss per share (vs HK$0.003 profit in 1H 2022) First half 2023 results: HK$0.032 loss per share (down from HK$0.003 profit in 1H 2022). Revenue: HK$65.2m (down 11% from 1H 2022). Net loss: HK$30.7m (down HK$33.6m from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Aug 19
Planetree International Development Limited to Report First Half, 2023 Results on Aug 31, 2023 Planetree International Development Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Nov 01
Planetree International Development Limited Announces Board Changes The board of directors of Planetree International Development Limited announced that Ms. Liu Yan has tendered her resignation as an independent non-executive director of the Company with effect from 1 November 2022, due to her other business commitments. Consequent upon Ms. Liu's resignation, she will cease to act as the chairman of the Audit Committee, the chairman of Remuneration Committee and a member of Nomination Committee of the Company with effect from 1 November 2022. The Board announced that Mr. Ma Ka Ki, an independent non-executive director of the Company since 1 October 2022, has been appointed as the chairman of the Audit Committee and the chairman of Remuneration Committee with effect from 1 November 2022. Mr. Ma remains as a member of the Nomination Committee of the Company. Mr. Ma Ka Ki, aged 42, holds a Bachelor's degree in Accounting and Information System with merit from the University of New South Wales, Australia. Mr. Ma is a member of both the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England & Wales. He is also a member of both the Hong Kong Chartered Governance Institute and the Chartered Governance Institute. He has over 15 years of experience in auditing and accounting sectors and has extensive experience in financial and corporate secretarial services. During the period from February 2021 to September 2022, Mr. Ma was an independent non-executive director of Blue River Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange. During the period from March 2018 to July 2020, Mr. Ma was an independent non-executive director of Celebrate International Holdings Limited incorporated in the Cayman Islands with limited liability which was delisted from the GEM Board of the Stock Exchange on 8 July 2020. An order was granted by the High Court of Hong Kong to wind up Celebrate International, whose principal businesses were money lending and securities investment and trading, on 22 July 2020 upon petition of Citizens Money Lending Corporation Limited filed on 12 May 2020 for an outstanding sum of approximately HKD 27 million together with interests accrued as set out in its announcement. Mr. Ma resigned as the independent non-executive director of Celebrate International with effect from 29 July 2020. During the period from June 2016 to June 2018, Mr. Ma was an independent non-executive director of Oshidori International Holdings Limited, the shares of which are listed on the Main Board of the Stock Exchange. Announcement • Oct 01
Planetree International Development Limited Appoints Ma Ka Ki as an Independent Non-Executive Director, A Member of the Audit Committee, A Member of the Remuneration Committee and A Member of Nomination Committee, Effective 1 October 2022 The board of directors of Planetree International Development Limited announced that upon the recommendation by the nomination committee of the company, Mr. Ma Ka Ki (Mr. Ma) has been appointed as an independent non-executive director, a member of the audit committee, a member of the remuneration committee and a member of nomination committee of the company, with effect from 1 October 2022. Mr. Ma Ka Ki, aged 42, holds a Bachelor's degree in Accounting and Information System with merit from the University of New South Wales, Australia. Mr. Ma is a member of both the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England & Wales. He is also a member of both the Hong Kong Chartered Governance Institute and the Chartered Governance Institute. He has over 15 years of experience in auditing and accounting sectors and has extensive experience in financial and corporate secretarial services. During the period from February 2021 to September 2022, Mr. Ma was an independent non-executive director of Blue River Holdings Limited. During the period from March 2018 to July 2020, Mr. Ma was an independent non-executive director of Celebrate International Holdings Limited incorporated in the Cayman Islands with limited liability which was delisted from the GEM Board of the Stock Exchange on 8 July 2020. An order was granted by the High Court of Hong Kong to wind up Celebrate International, whose principal businesses were money lending and securities investment and trading, on 22 July 2020 upon petition of Citizens Money Lending Corporation Limited filed on 12 May 2020 for an outstanding sum of approximately HKD 27 million together with interests accrued as set out in its announcement. Mr. Ma resigned as the independent non-executive director of Celebrate International with effect from 29 July 2020. During the period from June 2016 to June 2018, Mr. Ma was an independent non-executive director of Oshidori International Holdings Limited. Reported Earnings • Aug 28
First half 2022 earnings released: EPS: HK$0.003 (vs HK$0.013 in 1H 2021) First half 2022 results: EPS: HK$0.003 (down from HK$0.013 in 1H 2021). Revenue: HK$73.2m (down 27% from 1H 2021). Net income: HK$2.94m (down 75% from 1H 2021). Profit margin: 4.0% (down from 12% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 22% per year. Announcement • Aug 16
Planetree International Development Limited to Report First Half, 2022 Results on Aug 26, 2022 Planetree International Development Limited announced that they will report first half, 2022 results on Aug 26, 2022 Announcement • Jul 23
Planetree International Development Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Planetree International Development Limited provides earnings guidance for the six months ended 30 June 2022. Based on the preliminary assessment of the unaudited consolidated management accounts (the "Management Accounts") of the Group for the six months ended 30 June 2022 (the "Period") and the information currently available to the Board, the Group is expected to record an unaudited consolidated profit before tax for the Period in the amount of approximately HKD 13 million as compared to record an unaudited consolidated profit before tax of approximately HKD 21 million for the six months ended 30 June 2021. The Board considers that the decrease in unaudited consolidated profit before tax is mainly attributable to the combined effects of: the decrease in margin loan interest income and assets management income by approximately HKD 14.7 million and HKD 9.6 million respectively when compared to the Previous Period; and the increase in fair value losses on financial assets (including the share of loss from an associate principally engaged in investment holding) by approximately HKD 7.4 million. Announcement • Jun 28
Planetree International Development Limited Announces Change of Executive Directors Planetree International Development Limited announced that Dr. Leung Wing Cheung, William ("Dr. William Leung") has tendered his resignation as an Executive Director and executive chairman with effect from 30 June 2022 in order to devote more time to his other personal engagements. The board further announced that upon the recommendation by the nomination committee of the Company, Mr. Cheung Ting Kee ("Mr. Cheung") has been appointed as an executive director of the Company with effect from 27 June 2022. Mr. Cheung, aged 53, has over 27 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 regulated activities under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) ("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 (stock code: 629), the shares of which are listed on the Main Board of the Stock Exchange since July 2015. Mr. Cheung was an independent non-executive director of Deson Construction International Holdings Limited (stock code: 8268), the shares of which are listed on GEM of the Stock Exchange from December 2014 to July 2019. Following the resignation of Dr. William Leung as an executive director of the Board, Mr. Cheung will be appointed as acting chairman of the Company with effect from 30 June 2022. Board Change • May 31
High number of new directors Independent Non-Executive Director Yan Liu was the last director to join the board, commencing their role in 2020. Announcement • May 05
Planetree International Development Limited, Annual General Meeting, Jun 17, 2022 Planetree International Development Limited, Annual General Meeting, Jun 17, 2022, at 10:00 China Standard Time. Location: 28 Discovery Cafe, Basement, China United Centre, 28 Marble Road, North Point Hong Kong Agenda: To consider and receive the audited consolidated financial statements of the Company and its subsidiaries for the year ended 31 December 2021 together with the Reports of Directors and Auditors thereon;to re-elect the retiring directors of the Company;to authorize the board of Directors (the "Board") to fix the remuneration of Directors;to re-appoint Mazars CPA Limited as auditors of the Company and authorize the Board to fix their remuneration;and to consider other matters. Board Change • Apr 27
High number of new directors Independent Non-Executive Director Yan Liu was the last director to join the board, commencing their role in 2020. Announcement • Apr 01
Planetree International Development Limited Announces Management Changes The board of directors of Planetree International Development Limited announced that Mr. Man Wai Chuen has tendered his resignation as an executive director of the Company with effect from 1 April 2022, in order to devote more time to his other personal engagements. The Board announces that consequent upon Mr. Man's resignation as mentioned above, Mr. Man would also cease to be the company secretary of the Company and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, both with effect from 1 April 2022. The Board announced that Mr. Chow Chi Wah, Vincent has been appointed as the company secretary of the Company and an Authorised Representative, both with effect from 1 April 2022. Reported Earnings • Sep 01
First half 2021 earnings released: EPS HK$0.013 (vs HK$0.08 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$100.5m (up 142% from 1H 2020). Net income: HK$11.9m (up HK$86.2m from 1H 2020). Profit margin: 12% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 42% per year. Executive Departure • Jun 03
Executive Director Kang Liang has left the company On the 25th of May, Kang Liang's tenure as Executive Director ended after 25.9 years in the role. We don't have any record of a personal shareholding under Kang's name. A total of 5 executives have left over the last 12 months. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS HK$0.045 (vs HK$0.024 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: HK$176.8m (up HK$171.0m from FY 2019). Net income: HK$41.8m (up 87% from FY 2019). Profit margin: 24% (down from 384% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS HK$0.045 (vs HK$0.024 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: HK$176.8m (up 215% from FY 2019). Net income: HK$41.8m (up 87% from FY 2019). Profit margin: 24% (down from 40% in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Planetree International Development Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 Planetree International Development Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Executive Departure • Mar 05
Executive Director has left the company On the 1st of March, Sheun-fun Wong's tenure as Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Sheun-fun's name. A total of 5 executives have left over the last 12 months. Announcement • Feb 27
Planetree International Development Limited Announces Resignation of Wong Sheun Fun, Estella as Executive Director, with Effect from 1 March 2021 The board of directors of Planetree International Development Limited announced that Ms. Wong Sheun Fun, Estella has tendered her resignation as an executive director of the Company with effect from 1 March 2021, due to her other business commitments. Announcement • Feb 18
Planetree International Development Limited Announces Board Changes The board of directors of Planetree International Development announced that Mr. Kwong Kai Sing, Benny has tendered his resignation as a non-executive director of the Company with effect from 17 February 2021, due to his other business commitments. In recognition of Mr. Kwong's valuable contribution to the Group during his term of office, the Board has employed Mr. Kwong as the Senior Advisor to the Board for a term of two years following his resignation. Mr. Kwong does not receive any remuneration for his employment as the Senior Advisor to the Board. However, Mr. Kwong is still eligible for participating in the Company's share option scheme and share award scheme. Mr. Kwong has confirmed to the Company 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 and The Stock Exchange of Hong Kong Limited. The Board would like to thank Mr. Kwong for his valuable contribution to the Company during his tenure of office. Consequent upon Mr. Kwong's resignation, he will cease to act as the chairman of the Nomination Committee of the Company with effect from 17 February 2021. The Board announced that Ms. Cheung Ka Yee, has been appointed as the chairman of the Nomination Committee of the Company with effect from 17 February 2021. The biographical details of Ms. Cheung are set out below: Ms. Cheung has been appointed as an Executive Director and a member of the Remuneration Committee of the Company with effect from 30 April 2019. She is also a director of certain subsidiaries of the Company. She holds a Master's degree in Mathematics from the California State University in the United States of America. Ms. Cheung has more than 10 years of experience in property investment and property leasing. She was previously a director of a private investment company principally engaged in securities investment in Hong Kong. Ms. Cheung was an executive director of Mason Group Holdings Limited (formerly known as Willie International Holdings Limited, stock code: 273), a company listed on the Stock Exchange, from July 2013 to April 2016. Announcement • Jan 24
Planetree International Development Limited Announces Management Changes, Effective January 23, 2021 The board of directors of Planetree International Development Limited announced that Ms. Yuen Yu Hung has resigned as the company secretary of the Company and ceased to act as an authorised representative of the Company, both with effect from 23 January 2021. Following the resignation of Ms. Yuen, the board announced that Mr. Man Wai Chuen, an existing executive director of the Company, has been appointed as the company secretary of the Company and Authorised Representative, both with effect from 23 January 2021. Announcement • Dec 01
Planetree International Development Limited Announces Board Changes Planetree International Development Limited board of directors announced that Mr. Ha Kee Choy, Eugene has tendered his resignation as an independent non-executive director of the Company with effect from 1 December 2020 in order to pursue his other business commitments. Consequent upon Mr. Ha's resignation, he will cease to act as the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company with effect from 1 December 2020. The Board announced that Ms. Liu Yan, an independent non-executive director of the Company since 1 November 2020, has been appointed as the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee of the Company with effect from 1 December 2020. Ms. Liu is currently serving as an independent non-executive director of Tai United Holdings Limited since June 2015, Haitong International Securities Group Limited since June 2018 and Great Wall Pan Asia Holdings Limited since November 2018. She previously served as an independent non-executive director of U Banquet Group Holding Ltd. from October 2016 to September 2018. Announcement • Oct 30
Planetree International Development Limited Names Liu Yan as an Independent Non-Executive Director, with Effect from 1 November 2020 The board of directors of Planetree International Development Limited announced that upon the recommendation by the nomination committee of the Company, Ms. Liu Yan has been appointed as an independent non-executive director of the Company with effect from 1 November 2020. Announcement • Oct 15
Planetree International Development Limited (SEHK:613) entered into an agreement to acquire Briscoe Wong Advisory Limited from Wong Teck, Chan Pui Sze and Mak Hau Yin for HKD 16.8 million. Planetree International Development Limited (SEHK:613) entered into an agreement to acquire Briscoe Wong Advisory Limited from Wong Teck, Chan Pui Sze and Mak Hau Yin for HKD 16.8 million on October 14, 2020. Under the terms, 10 shares will be acquired as a part of the transaction. Post the completion of the transaction, Briscoe will operate as indirect wholly owned subsidiary of Planetree International Development. The transaction will be financed through internal cash resources. Briscoe reported net asset value of HKD 9 million as at August 31, 2020. The transaction is subject to regulatory approval, due diligence investigation and Briscoe achieve net asset value of at least HKD 16.8 million as of December 31, 2021. The transaction has been approved by the Board of Planetree International. The completion shall take place within five business days after the day on which the conditions precedent of the Sale and Purchase Agreement have been fulfilled or any other date which may be agreed by the parties. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total losses of HK$84.1m, with earnings decreasing by HK$164.1m from the prior year. Total revenue was HK$44.4m over the last 12 months, down 42% from the prior year. Announcement • Aug 22
Planetree International Development Limited to Report First Half, 2020 Results on Aug 28, 2020 Planetree International Development Limited announced that they will report first half, 2020 results on Aug 28, 2020 
