Annex 1

YUNGCHOW CORPORATION
TGU TOWER, IT PARK, CEBU CITY
March 15, 2018

BOARD RESOLUTION
No. 03-30-19

WHEREAS, during the special meeting by the Board of Directors of the Corporation
held on March 15, 2018, at 10:00 A.M. at TGU Tower, IT Park, Cebu City, the Board
discussed who is authorized to represent the company in the legal proceedings for
specific performance against Yunchow Corporation.

RESOLVE, that the Corporation authorizes Henry Sy, Corporate President, to be

the designated representative of the Corporation in all dealings and transactions against
Yunchow Corporation.

RESOLVE FURTHER, that the Corporation authorizes the aforementioned to be its

authorized representative in the Court for the necessary legal proceedings to enforce the
contractual obligation of Penshone Inc.

WHEREAS, the Board of Directors of YUNCHOW CORPORATION in a majority vote

decided to approve the representation.

The foregoing Resolution is valid and existing, the same not having been
withdrawn, revoked or abrogated.

Attested By:

Coscoluella, Katrina ____Estrada, Pops

Director Director

Amistoso, Jacqueline __Amlih, Marieane___

Director Director
__ Acuba, Lyssa____
Director

CERTIFICATION

I, Mikaela Supia, the duly elected Secretary of Yungchow Corp. do hereby certify
that the Board of Directors in a meeting held on March 30, 2018 approved the foregoing
resolution in favor hereof.

___Mikaela Surpia____
Secretary