The Board of Directors' Meeting of POSCO-Thainox Public Company Limited held on February 24, 2016, has approved resignation and appointment of director in place of the resigned one. The Meeting acknowledged the resignation of Mrs. Ho Jin Chae, Director of the Company, as effective from February 23, 2016 and resolved the appointment of Mr. Kwang Soo Kim, as a new Director of the Company, effective from February 24, 2016.