During the organizational meeting of the Board of Directors held immediately after the Annual Stockholders' Meeting of 8990 Holdings, Inc., the Board appointed the officers and committee members of the company. During the stockholders' meeting and the organizational meeting, Mr. Januario Jesus Gregorio III B. Atencio announced his retirement as President and CEO of the company, effective 1 January 2018. Given his announcement, Mr. Atencio will serve as President & CEO only until 31 December 2017.

The Board shall elect a new President & CEO before Mr. Atencio's retirement. The company appointed Mariano D. Martinez, Jr., Januario Jesus Gregorio III B. Atencio, Luis N. Yu, Jr., and Richard L. Haosen as Members of Executive Committee. The company appointed Arlene C. Keh as Chairman of Audit and Risk Management Committee, and Mariano D. Martinez, Jr., Luis N. Yu, Jr., Ben Chan Wei Beng and Dominic J. Picone as Members of Audit and Risk Management Committee.

The company appointed Manuel C. Crisostomo as Chairman of Nominations and Compensation Committee; and Dominic J. Picone, and Januario Jesus Gregorio III B. Atencio as Members of Nominations and Compensation Committee. The company appointed Manuel C. Crisostomo as Chairman of Corporate Governance Committee; and Ben Chan Wei Beng and Januario Jesus Gregorio III B. Atencio as Members of Corporate Governance Committee.