Camellia oleifera shell (COS) is a renewable biomass resource abundant in lignin with significant potential for producing phenolic monomers. However, the dearth of research has led to considerable resource wastage and environmental pollution. Herein, reductive catalytic fractionation (RCF) of COS was performed using noble metal catalysts in different solvents. An 11.1 wt% yield of phenolic monomers was achieved with 91% selectivity toward propylene-substituted monomers in H2O/EtOH (3:7, v/v) cosolvent under N2 atmosphere. Notably, the highest phenolic monomer yield of 17.0 wt% was obtained with impressive selectivity (86.9%) toward propanol-substituted monomers in the presence of H2. The GPC analysis and 2D HSQC NMR spectra indicated the effective depolymerization of lignin oligomers with catalysts. Phenolic monomers with ethyl, propyl, or propanol side chain could be produced from lignin-derived oligomers through hydrogenolysis, hydrogenation, and decarboxylation reactions. Overall, this study has paved the way for the valorization of COS lignin through the RCF strategy.