PM Capital Asian Opportunities Fund Limited advised that due to the increased professional obligations flowing from executive responsibilities and various recent corporate transactions, Mr. Todd Barlow has decided that it is necessary that he tender his resignation as a director of the company, effective 20 March 2017. The Board also advised that it has resolved to appoint Mr. Andrew McGill as a director, and Chairman of the company's Audit Committee. Shareholders will be asked to ratify Mr. McGill's appointment at the next general meeting of the company. Mr. McGill currently serves as the Independent Chairman of the PM Capital Global Opportunities Fund Limited.