Convenience Retail Asia Limited announced that Mr. Richard YEUNG Lap Bun would retire from the role of Chief Executive Officer of the Company (the "CEO") upon the appointment of his successor. The Board further announces that Mr. Michael TANG Tsz Kin ("Mr Tang") will be appointed to succeed Yeung as CEO and 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.

Biographical details of Mr. Tang are as follows: 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.