2006 May 21
AEON Stores (Hong Kong)

AEON STORES ANNOUNCES APPOINTMENT OF MANAGING DIRECTOR

(HONG KONG, 21 May 2006) - General Merchandise Stores ("GMS") operator AEON Stores (Hong Kong) Co., Limited ("AEON Stores" or "the Company") (Stock code: 984) and its subsidiaries (the "Group") today announced that with effect from 19 May 2006, Mr. Lam Man Tin has been appointed as the Managing Director of AEON Stores, and Mr. Naoyuki Miyashita has been re-designated from Executive Director to Non-executive Director and will take up a new assignment within AEON Co., Ltd.

Mr. Lam has been an Executive Director of AEON Stores since May 1999 and is also the Director of South China Business Development of the Company. He has over 20 years of retail and services experience and joined the Group in 1992. Mr. Lam graduated from the University of Hull in the United Kingdom with a Master's Degree in Strategic Marketing.

It has always been the Group's intention to recruit local talents who can run local operations most effectively. The appointment of Mr. Lam is a concrete step of the Group's effort to localise its proven Japanese retail experience.

Mr. Toshiji Tokiwa, Chairman of AEON Stores, said, "The Board would like to welcome Mr. Lam to his new position. With extensive retail operations experience, he has contributed to the success of the Group. His impressive track record makes him a befitting leader to take the Group forward. We would also like to take this opportunity to express our appreciation to Mr. Miyashita for his efforts and invaluable contributions to AEON Stores during his tenure."

Mr. Lam said, "I am delighted to have the opportunity to take the helm of a renowned retail group and am ready to meet on the challenges in my new capacity."

> Back to the directory

About AEON Stores
AEON Stores was established in Hong Kong in 1985 and listed on the Hong Kong Stock Exchange in 1994. The Group is mainly engaged in the operation of general retail businesses (General Merchandise Stores and Independent Supermarkets). Currently, it operates 10 GMS, 2 independent supermarkets, 31 independent Living PLAZA by AEON, 31 independent Daiso Japan, 4 Mono Mono, 4 KOMEDA'S Coffee and 1 JELYCO DO By KOMEDA'S Coffee in densely populated districts in Hong Kong. It also operates 21 GMS and 17 independent supermarkets in Guangdong Province, the PRC.

For more information：
AEON Stores (Hong Kong) Co., Limited
Corporate Communication Department
Tel.：（852）2165 0777
Email：aeonpr@aeonstores.com.hk