8990 Holdings, Inc. announced that at the special meeting of the board of directors on January 29, 2016, the board accepted the resignations of Mr. Willibaldo J. Uy as Independent Director and Atty. Anthony Vincent S. Sotto as director of the company effective January 29, 2016. In the same meeting, Mr. Manuel C. Crisostomo was elected as independent director to fill in the seat vacated by Mr. Uy.

Mr. Uy was then elected as director to fill in the seat vacated by Atty. Sotto. Mr. Crisostomo and Mr. Uy will serve the remaining term of their predecessors.