Convenience Retail Asia Limited announced that Mr. Yeung re-designated as a Non-executive Director with effect from 1 June 2023. Yeung will also cease to be an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules. The Board announced that Mr. Michael TANG Tsz Kin will be appointed to succeed Yeung as Executive Director with effect from 1 June 2023.

Tang will also be appointed as the Authorised Representative and the Process Agent with effect from 1 June 2023. Michael TANG Tsz Kin, aged 42, has over 20 years of experience in strategic development, business management and corporate finance across Greater China, Southeast Asia and Australia. Tang previously served as the Managing Director at Nature's Care Holdings Pty Ltd, a leading manufacturer in health food supplements and personal care products where he was responsible for the group's expansion strategy.