At the meeting of the Board of Directors of D&L Industries, Inc. held 04 May 2021, the Board approved the appointment of Mr. Franco Diego Q. Lao as Chief Finance Officer (CFO), Treasurer and Compliance Officer in place of Mr. Amorsolo M. Rosario to serve for the remainder of the term, effective 04 May 2021 and until his/her successor shall be elected and qualified. The Board expressed their utmost appreciation for Mr. Rosario's valuable contribution to the Company as the interim CFO, Treasurer and Compliance Officer.