The board of Mabuhay Vinyl Corporation has received and accepted on 25 June 2018 the resignation of Mr. Tetsuro Hachimura as a director, chairman, CEO and member in the executive committee, nominations committee, executive compensation committee, and audit committee, due to his reassignment to the Chlor Alkali Division of Tosoh Corporation, Japan. Mr. Hachimura's resignation shall take effect on 27 June 2018. Mr. Takahiro Machiba, upon having been properly nominated and qualified, was elected to replace Mr. Hachimura effective 27 June 2018, as director/chairman/CEO of MVC and in the executive committee chairperson, nominations committee member, executive compensation, committee chairman, audit committee member.