The board of Convenience Retail Asia Limited announced that Mr. Pak Chi Kin has resigned as Executive Director and Chief Operating Officer of the Company with immediate effect from Completion. As disclosed in the Circular, Mr. Pak will join the Target Group and dedicate his time to the Convenience Store Business on a full-time basis. Mr. Pak has confirmed that he has no claim against the Company in respect of his resignation and has no disagreement with the Board. There are no other matters relating to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange.