AEON Stores (Hong Kong) Co., Limited announced dated 25 March 2021, Mr. Akinori Yamashita has retired as a Non-executive Director with effect from the conclusion of the Annual General Meeting of the Company held on 28 May 2021. The Board also announced that with effect from 28 May 2021, Mr. Makoto Fukuda has been appointed as a Non-executive Director of the Company. Mr. Fukuda is the general manager of Finance Department of AEON Co. Ltd. and a member of the Audit & Supervisory Board of AEON ENTERTAINMENT Co. Ltd. In March 2021, Mr. Fukuda was appointed the general manager of Finance Department of ACL. The Board announced that with effect from 28 May 2021, Mr. Isei Nakagawa ("Mr. Nakagawa") has been re-designated from Executive Director to Non-executive Director and ceased to be the Managing Director as he will take up another management post in a subsidiary of ACL. He has also been appointed as the Chairman of the Board, the Chairman of the Nomination Committee and a member of the Remuneration Committee and the Audit Committee with effect from 28 May 2021. With effect from 28 May 2021, Ms. Yuki Habu ("Ms. Habu"), a Non-executive Director, has ceased to be the Chairman of the Board, the Chairman of the Nomination Committee and a member of the Remuneration Committee and the Audit Committee. As Non-executive Director, Ms. Habu does not receive any director's remuneration during her term of office. The Board also announced that with effect from 28 May 2021, Mr. Isao Sugawara ("Mr. Sugawara") has been re-designated from Non-executive Director to Executive Director and has been appointed as the Managing Director of the Company. Mr. Sugawara (aged 61) was appointed as a Non-executive Director in March 2021. He was the vice president of AEON (China) Co. Ltd. ("ACCL") and is now a director of Guangdong AEON Teem Co. Ltd. and AEON South China Co. Ltd.