8990 Holdings, Inc. announced that the Company announces the passing of Mr. Willibaldo J. Uy, President and CEO. The Company deeply mourns the passing of Mr. Willibaldo J. Uy. The Company will continue to remember and appreciate his achievements for, and contributions to, the Company.

Pending identification and determination of a replacement and until a new President is appointed to serve the unexpired portion of Mr. Willibaldo J. Uy's term, the Company's Chief Operating Officer, Mr. Alexander Ace Sotto, shall carry out the duties of president of the Company, in an acting capacity. Effective date of Cessation of term of Willibaldo will be on October 15 2019.