Belle Corporation announced in its meeting held December 14, 2017, the Corporation's Board of Directors appointed Mr. Amando M. Tetangco, Jr. as Chairman of the Corporate Governance Committee and the Related Party Transactions Committee. This is in compliance with Recommendations 3.3 and 3.5 cited in the Code of Corporate Governance for Publicly Listed Companies, i.e. the Chairman of the Board Committees shall be an Independent Director.