The Board of Directors of DFNN, Inc. announced changes to the management and board structure of the company, effective from March 1, 2018, subject to compliance with regulatory requirements. Mr. Joseph Y. Roxas resigned from his position as Director and will continue to serve as a Member of the Board of Advisors together with Mr. Saturnino Belen and Ms. Michelle Panotes. Mr. Calvin Lim was then elected as Director.

Additionally, Mr. Ramon C. Garcia, Jr. resigned from his position as President and CEO and Mr. Calvin Lim, with the positive endorsement of Mr. Garcia, Jr. to the board, was appointed as the company's new president and CEO. Mr. Garcia, Jr. will continue to serve the company as executive vice chairman and executive director. Mr. Lim prior to his appointment as President and CEO, he is the Co-founder and served as its Chief Operating Officer of Nogle Limited.