EXHIBIT A

Agreement of Joint Filing

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A ordinary shares of Phoenix Tree Holdings Limited shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

Date: February 16, 2021

	Joy Capital I, L.P.

	By: Joy Capital I GP, L.P.
	Its: general partner

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital I GP, L.P.

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital II, L.P.

	By: Joy Capital II GP, L.P.
	Its: general partner

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital II GP, L.P.

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Success Golden Group Limited

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital Opportunity, L.P.

	By: Joy Capital Opportunity GP, L.P.
	Its: general partner

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital Opportunity GP, L.P.

	By: Joy Capital GP, Ltd.
	Its: general partner

	By:	/s/ Erhai Liu
		Erhai Liu, Director

	Joy Capital GP, Ltd.

	By:	/s/ Erhai Liu
		Erhai Liu, Director

Phoenix Tree Holdings Ltd SC 13G