Cebu Holdings, Inc. announced the resignation of Messrs. Jaime E. Ysmael and Enrique B. Manuel, Jr. as member of Board of Directors, and Chief Finance Officer and Compliance Officer, respectively. The company also announced the election of Mr. Augusto D. Bengzon as member of Board of Directors, effective immediately, to serve the unexpired term of Mr. Ysmael; and the election of Ms. Ma.

Luisa D. Chiong as Chief Finance Officer and Compliance Officer effective immediately to serve the unexpired term of Mr. Manuel. The election of Mr. Bengzon and Ms. Chiong is in accordance with the recommendation of Board's Nomination Committee, at the board meeting held on August 15, 2017.