PAL Holdings, Inc. at its board meeting held on July 21, 2020 received the withdrawal notice of nominees Ms. Vivienne K. Tan, Mr. John G. Tan, and Mr. Mark M. Chen (Independent Director) to be nominated to the Board for 2020-2021 for personal reasons. The the Committee endorsed to the Board the nomination of Mr. Patrick L. Go as an independent director of the Corporation for 2020-2021.