On August 3, 2016, Terafox Corp. announced that Mr. Brian Patrick Foley resigned as Chief Executive Officer and sole Director of the company, and Mr. Jennie Pascual Ednalagium resigned as the company's Chief Financial Officer, Secretary and Treasurer of the company. Prior to Mr. Foley's resignation as Director, the Board of Directors appointed Chi Yeuk Lau as the company's sole director and acting Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer of the company.