Convenience Retail Asia Limited announced the change in the Chairman of the Board. Pursuant to Article 87 of the Company's Articles of Association, Dr. Victor FUNG Kwok King, among other directors, will retire at the forthcoming annual general meeting of the Company to be held on 26 May 2021 ("AGM"). Dr. Victor Fung has decided not to stand for re-election and will retire from the Board with effect from the conclusion of the AGM due to the need to devote more time to other commitments within and outside the Fung Group. Upon his retirement, Dr. Victor Fung will relinquish his position as Chairman of the Board at the conclusion of the AGM at which time Dr. William FUNG Kwok Lun, Non-executive Director of the Company, will assume the chairmanship.