The board of directors of AEON Stores (Hong Kong) Co., Limited announced that with effect from 28 March 2023, Mr. Isao Sugawara has resigned as an Executive Director of the Company. Mr. Sugawara, after having served on the Board since March 2021, will take up a new management post in a subsidiary of AEON Co. Ltd., the ultimate holding company of the Company, after his resignation.

The Company also announces that on 28 March 2023, the Board has approved the appointment of Mr. Toshiya Goto as a Non-executive Director of the Company with effect from 1 April 2023. Mr. Goto, aged 63, is the executive officer of AEON Co. Ltd. in charge of China Business and the chairman of AEON (China) Co.

Ltd. Mr. Goto joined ARCL in 1984. Since then, he was assigned to assume different positions in ARCL. He was appointed the president of Beijing AEON Co.

Ltd. for the period from May 2011 to May 2013, and the president of Qingdao AEON Dongtai Co. Ltd. for the period from May 2013 to February 2015. He was appointed as the director and executive vice president of ARCL in charge of Product and Inner-Casual business in March 2019 and subsequently appointed the director and executive vice president of ARCL in charge of Product in March 2020.

Mr. Goto is also a non-executive director of Origin Toshu Co. Ltd., AEON Ryukyu Co. Ltd. and AEON Bakery Co.

Ltd.