The Board of Directors of Convenience Retail Asia Limited announced that with effect from August 7, 2012, the composition of the Audit Committee, Remuneration Committee and Nomination Committee of the company will be changed as follows: Audit Committee (a) Mr. Benedict Chang Yew Teck, a Non-executive Director of the company, will be appointed as member of the Audit Committee of the company; and (b) Mr. Jeremy Paul Egerton Hobbins, a NED of the Company, will resign as member of the Audit Committee of the company. After the change, the Audit Committee comprises the following members: Dr. Raymond Ch'ien Kuo Fung Chairman, Mr. Malcolm Au Man Chung Member, Mr. Anthony Lo Kai Yiu Member, Mr. Godfrey Ernest Scotchbrook Member, Mr. Benedict Chang Yew Teck Member. Remuneration Committee; (a) Dr. William Fung Kwok Lun and Mr. Jeremy Paul Egerton Hobbins, both NEDs of the company, and Mr. Zhang Hongyi, an Independent Non-executive Director of the company, will be appointed as members of the Remuneration Committee of the company; and (b) Dr. Victor Fung Kwok King, a NED of the company, will resign as member of the Remuneration Committee of the company.
After the change, the Remuneration Committee comprises the following members: Mr. Malcolm Au Man Chung Chairman, Dr. Raymond Ch'ien Kuo Fung Member, Dr. William Fung Kwok Lun Member, Mr. Jeremy Paul Egerton Hobbins Member, Mr. Zhang Hongyi Member. Nomination Committee; (a) Mr. Zhang Hongyi, an INED of the company, will be appointed as member of the Nomination Committee of the company; and (b) Mr. Malcolm Au Man Chung, an INED of the company, will resign as member of the Nomination Committee of the company. After the change, the Nomination Committee comprises the following members: Dr. Victor Fung Kwok King Chairman, Mr. Anthony Lo Kai Yiu Member, Mr. Zhang Hongyi - Member.