The Board of Directors of Crown Asia Chemicals Corporation has accepted the resignation of Mr. Oscar T. Perez as member of the Board of Directors. With the acceptance of Mr. Perez' resignation, and with the nomination made by the Nomination Committee, the Board elected Mr. Bede Lovell S. Gomez to replace Mr. Perez. Mr. Gomez will be joining the Board as an Independent Director, effective Aug. 08, 2016.