C04447-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 22, 2016
2. SEC Identification Number
A-1997-18963
3. BIR Tax Identification No.
005-011-651-000
4. Exact name of issuer as specified in its charter
ASIA UNITED BANK CORPORATION
5. Province, country or other jurisdiction of incorporation
Pasig City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
OY-NOSTALG CENTER NO. 17 ADB AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1600
8. Issuer's telephone number, including area code
(632) 6336888 / (632) 6890965
9. Former name or former address, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock 485,310,538
11. Indicate the item numbers reported herein
Item 4

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Asia United Bank CorporationAUB

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Resignation and Election of Directors and Officers
Background/Description of the Disclosure

At the meeting of the Board of Directors held today, the Bank accepted the resignation of Atty. A. Bayani K. Tan as Director and Corporate Secretary of the Corporation to take effect upon the qualification of his successor.

Likewise, in view of the vacant seats in the Board and there being a quorum, the Board elected Atty. Maria GraciaM. Pulido-Tan as Independent Director to replace Dr. Benjamin E. Diokno, and Mr. Jacob C. Ng as Director to replace Atty. A. Bayani K. Tan, to serve as such for the unexpired terms of their predecessors, and until such time that their successors are duly elected and qualified. To replace Atty. A. Bayani K. Tan as Corporate Secretary, the Board elected Atty. Jason C. Nalupta as Corporate Secretary. Their qualifications and experience were duly deliberated and endorsed by the Nomination Committee in an earlier meeting and their election shall be subject to the approval of the Bangko Sentral ng Pilipinas after duly complying with its requirements.

The Board Committees shall also be reorganized as follows:

Executive Committee
Jacinto L. Ng, Sr. - Chairman
Abraham T. Co -
Ramon Y. Sy
Jacob C. Ng
Andrew T. Yap - Officer (non-voting)

Audit Committee
Justice Adolfo S. Azcuna - Chairman/Independent Director
George T. Chua - Vice Chairman
Atty. Maria Gracia M. Pulido-Tan - Independent Director
Jacob C. Ng
Florante C. Del Mundo - Officer (non-voting)

Risk Management Committee
Atty. Maria Gracia M. Pulido-Tan - Chairman/Independent Director
Jonathan C. Ng
Ramon Y. Sy
Annette R. Manapil - Officer (non-voting)

Trust Committee
Ramon Y. Sy - Chairman
Abraham T. Co
Atty. Lily K. Gruba
Jonathan C. Ng
Andrew A. Chua - Officer (voting)

Corporate Governance Committee
Justice Adolfo S. Azcuna - Chairman / Independent Director
George T. Chua
Atty. Maria Gracia M. Pulido-Tan - Independent Director
Atty. Lily K. Gruba
Ramon Y. Sy -

Performance Evaluation, Compensation, Remuneration Committee
Abraham T. Co - Chairman
Justice Adolfo S. Azcuna - Independent Director
Atty. Maria Gracia M. Pulido-Tan - Independent Director
Rosario M. Dayrit - Officer (non-voting)

Nomination Committee
Abraham T. Co - Chairman
Justice Adolfo S. Azcuna - Independent Director
Atty. Maria Gracia M. Pulido-Tan - Independent Director

Related Party Transaction Committee
Justice Adolfo S. Azcuna - Chairman / Independent Director
Atty. Maria Gracia M. Pulido-Tan - Independent Director
George T. Chua
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
A. Bayani K. Tan Director/Corporate Secretary 07/22/2016 Board Reorganization
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Maria Gracia Pulido-Tan Independent Director 07/22/2016 07/22/2016 100 0 N/A
Jacob C. Ng Director 07/22/2016 07/22/2016 9,450 0 N/A
Jason C. Nalupta Corporate Secretary 07/22/2016 07/22/2016 0 0 N/A
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
N/A N/A N/A N/A N/A 0 0 N/A
Other Relevant Information

Changed in direct shares of Atty. Maria Gracia Pulido-Tan from 1 to 100 shares due to clerical error.
Filed on behalf by:
Name Cynthia Santos
Designation First Vice President/Head