Convenience Retail Asia Limited announced that Mr. Richard YEUNG Lap Bun has notified his intention to retire as the Chief Executive Officer of the Company as he has reached the retirement age and completed the 2020 - 2022 Business Plan. The Company has already identified a suitable candidate as successor and is finalising the terms of the engagement. Further announcement will be made in relation to the appointment of the new CEO in due course.

Yeung will step down from the role of the CEO but remain as a director of the Company upon the appointment of his successor.