Suntrust Home Developers, Inc. announced that in its duly constituted meeting of the Board of Directors, Mr. Joey I. Villafuerte and Ms. Josephine Marie R. Salazar have tendered their respective resignations to the Chairman and President of the Corporation effective on May 4, 2021. The Board of Directors accepted the resignation of the foregoing directors. In view of the foregoing resignations, while maintaining a duly constituted quorum, the remaining members of the Board of Directors nominated and elected Lo Kai Bong and Chua Ming Huat David as Directors of the Corporation to replace Mr. Joey I. Villafuerte and Ms. Josephine Marie R. Salazar effective May 4, 2021. Mr. Lo Kai Bong (Mr. Lo) joined Suncity Group Holdings Limited on 9 March 2017 as an executive director. Mr. Lo is the Chief Investment Officer of Suncity Group and has been involved in business development of Suncity Group. Mr. Lo has been involved in business development of Suncity Group's overseas businesses. Mr. Lo is also responsible for the corporate management and mergers and acquisitions of Suncity Group and is experienced in the gaming industry. On 12 December 2018, Mr. Lo was appointed as a non-executive director of Summit Ascent Holdings Limited. With effect from 26 April 2019, Mr. Lo has been re-designated from a non-executive director to an executive director and has been appointed as the deputy chairman of Summit Ascent. Mr. Chua Ming Huat David (Mr. Chua) has been appointed as an executive director and Chief Executive Officer of Summit Ascent with effect from 1 May 2021. Mr. Chua is currently the Chairman of Travellers International Hotel Group, Inc. Mr. Chua was a director of Global Ferronickel Holdings, Inc. from June 2016 to July 2020. He also served as an independent director of CIMB Investment Bank Berhad, Malaysia from February 2015 to January 2017.