In the regular meeting held on December 13, 2017, the board of directors of Cityland Development Corporation (CDC) approved the election of Dr. Andrew I. Liuson as the Chairman of the Board and appointment of Mr. George Edwin Y. SyCip as the new Independent Director to serve the unexpired term of CDC's former Chairman of the Board and Independent Director, Mr. Washington SyCip, who passed away last October 07, 2017. The appointments are effective from December 13, 2017. Mr. George Edwin Y. SyCip is President of Halanna Management Corporation and a Founder and Principal in Galaxaco China Group LLC. Mr. SyCip advises a variety of companies in their cross- border endeavors between the US, Europe, Asia and Africa. Prior to setting up his own offices, Mr. SyCip had a career in banking, including serving as Chief Financial Officer of United Savings Bank. Prior to United Savings Bank, he worked for Hibernia Bank and Crocker National Bank in San Francisco and with American Express International Banking Corporation in New York during the 1970s. He now sits in various capacities in several corporations such as: Alliance Select Foods International Inc., Asian Alliance Investment Corporation, Beneficial Life Insurance Company, Bank of the Orient, and Paxys Inc., etc.