Philippine Seven Corp. announced at the board meeting held on November 13, 2012 has approved the election of directors to fill-up the positions vacated by Mr. Chung-Jen Hsu, Mr. Yen-Sen Yang and Mr. Chien-Nan Hsieh. The company elected Jui-Tang Chen, Mao-Chia Chung, and Lien-Tang Hsieh as directors.

The board of directors also announced the appointment of Mr. Nan-Bey Lai, a current director in PSC, as Vice-Chairman of the Board and Chairman of the Compensation Committee in place of resigned director Yen-Sen Yang.