At the meeting of the Board of Directors of D&L Industries, Inc. 15 May 2017, the Board approved the creation of Corporate Governance Committee, Risk Management Committee and Related Party Transaction Committee. Corporate Governance Committee consist of Mercedita S. Nalledo as Chairman, Lydia R. Balatbat-Echauz, Corazon S. dela Paz-Bernardo, Yin Yong L. Lao as members. Risk Oversight Committee consist of Filemon T. Berba Jr. as Chairman, Lydia R. Balatbat-Echauz, John L. Lao and Alvin D. Lao as members. Related Party Transaction Committee consist of Lydia R. Balatbat-Echauz as Chairman, Filemon T. Berba Jr., Mercedita S. Nalledo as members.