Dito CME Holdings Corp. announced that during the special meeting of the Board of Directors held on August 14, 2020, the Board accepted the resignation of Dennis A. Uy as President, effective August 16, 2020 and appointed Mr. Ernesto R. Alberto as the new President for the unexpired term of Mr. Uy, effective August 17, 2020. Considering that Mr. Uy continues to hold the position of Chairman, the change shall foster an appropriate balance of power, increased accountability, and better capacity for independent decision-making. The Board's nomination committee is currently in search of Mr. Alberto's replacement as independent director. The Company shall advise the Exchange as soon as a replacement is named. Also, upon effectivity of Mr. Alberto's appointment as President, Mr. Dennis A. Uy shall remain as Chairman and CEO of the Company.