In the Board of Directors Meeting of STI Education Systems Holdings, Inc. ("STI ESH") held on 27 July 2017, the Board accepted the resignation of Mr. Ernest Lawrence Cu as Independent Director with regrets. The resignation of Mr. Cu was not due to any disagreement with STI ESH on any matter relating to the Corporation's operations, policies or practices. The Board of Directors elected Mr. Robert G. Vergara as new Independent Director of STI ESH for the unexpired term of Mr. Cu.