The board of directors of Dynamic Holdings Limited announced that Mr. CHUA Joseph Tan (Mr. CHUA) has been appointed as an executive Director of the company; and Mr. TAN Kenway Hao (Mr. TAN) has been appointed as an independent non-executive Director of the company to fill casual vacancy of the Board, both with effect from April 1, 2016. Mr. CHUA has over 30 years of senior managerial experience specializing in real estate, banking, airline, mining, insurance and general management. At present and in the past three years, he is and has been a director of LT Group Inc., PAL Holdings Inc., Philippine National Bank and MacroAsia Corporation.

He is also a director of PNB General Insurers Co. Inc. and Eton Properties Philippines Inc. Mr. TAN has years of senior managerial experience specializing in the real estate and hotel industry in the Philippines and engaging in real estate in the Peoples Republic of China. He is currently managing a hotel in the Philippines and is a member of Manila Chinatown Development Council.

Pursuant to a letter of appointment entered into between the company and Mr. TAN, Mr. TAN is appointed for a term of two years with effect from April 1, 2016 and shall continue thereafter to extend for further two years subject to retirement by rotation and re-election in accordance with the Bye-laws.