During the meeting of the board of directors of Crown Equities Inc. held on July 31, 2012, the board accepted the resignation of Mr. Andres N. Borja as director of the corporation. Thereafter, Mr. Christopher Brian C. Dy was nominated and elected as a member of the board of directors of the Corporation. Mr. Christopher Brian C. Dy, 27 years old, Filipino, is currently the Manager for Real Estate Subsidiaries of the Corporation.