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.