Convenience Retail Asia appoints Sabrina Fung, Terence Fung as directors

Convenience Retail Asia (0831) announced that Sabrina Fung Wing-yee, the daughter of major shareholder Victor Fung Kwok-king, and Terence Fung Yue-ming, the son of the chairman William Fung Kwok-lun, have been appointed non-executive directors, effective today.

Each is entitled to receive a director’s fee of HK$200,000 a year.

Sabrina Fung, 49, is a director and group managing director of Fung Retailing, a substantial shareholder. She is also the chief executive of Asia Retail Company, a business unit of Fung Group, focusing on supporting and growing international brands in Asia.

Terence Fung, 41, is an executive director of Fung (1937) Management in charge of the Fung Group’s corporate services including corporate communications, public relations, strategic engagement and general administration functions. He is also a director and co-chair of the executive committee of Li & Fung Foundation, under the Fung Group.