On December 19th, 2016, the Board of New Asia Energy, Inc. adopted resolutions to expand the size of the Board from two persons to four persons, and, pursuant to the authority granted to the Board in the company's Bylaws, to name Mr. Veng Kun Lun and Mr. Poh Kee Liew to fill the newly created vacancies. Mr. Veng Kun Lun was also named to be the Chief Executive Officer and Secretary of the company, and Mr. Poh Kee Liew was named as Chief Financial Officer of the company. Prior to joining the Company, Mr. Veng Kun Lunwas Sales Manager of Jardine Office Solution, Macau and founder and director of All-In-One Officer Solution Co Ltd. Before joining the company, Mr. Poh Kee Liew was the Business Development Director of AD Channel Creative.

Following the resolutions by the Board on December 19th, 2016, the company's Directors, Lin Kok Peng, PhD, Chairman of the Board, and the company's Chief Executive Officer and Chief Financial Officer, and Allister Lim Wee Sing, a Director of the company, resigned from the Board and from their positions as officers of the company. On the same date, Jose Capote resigned as the Secretary of the company.