Hostplant limitation is a key focus of the spatial interaction between a phytophagous butterfly and a hostplant. The possible drivers related to the hostplants are species richness, abundance, or availability, but no consensus has been reached. In this study, we investigated the butterfly–hostplant interaction using the case of the forest canopy butterfly T. aureus in Asia, whose narrow distribution is assumed to be limited by its exclusive hostplant, Magnoliaceae, in tropic and subtropic regions. We recorded the Magnoliaceae species, as well as plant and butterfly individuals in transect, and we collected tree traits and topography variables. The results confirm that this butterfly is limited by the hostplants of their larval stage. The hostplants occurred exclusively in the middle-mountain region, with preference only for primeval forests. The hostplant resource was superior in the middle-mountain region, particularly concentrating in primeval forests. The hostplant’s abundance, together with altitude and habitat types, was critical to this butterfly’s occurrence, while those hostplant trees with an exposed crown, which are demanded by this butterfly in its oviposition, were the best drivers of positive butterfly–hostplant interactions. Therefore, the hostplant’s limitation was mainly determined by the availability of the hostplant. This case study supports the hypothesis that the limitation on this butterfly’s occurrence was driven by the hostplant’s availability, and it suggests that protecting high-quality forests is a valuable activity and essential in the conservation of canopy butterflies.