Looks like you may be using wine? I had the same problem when I tried P99 on Linux. May be a wine bug.

I haven't used any special to install, just a direct install from the CDs into Wineskin (I'm playing on an early 2009 MacBook Pro using Yosemite 10.10.3). The game does render the armor around the character, just no body. I'm uploading a couple of screenshots also.https://www.flickr.com/photos/98105187@N02/17138257760/

Computer Specs:
MacBook Pro 17"
OS: Yosemite 10.10.3
2.66 GHz Intel Core 2 Duo
4 GB Ram
Graphics: NVIDIA GeForce 256 MB

I know on Linux we have a program called winetricks that allows you to install windows libraries, which you can use to replace the implementation provided by wine. I don't know how Wineskin does things, but you might try installing the windows directx libraries.

I just fixed my issue. I wasn't using the 10.3.0 wine engine that I selected during the installation process. For anyone else experiencing this issue, go to advanced setting and select the "WS8WineCXG10.3.0" Engine.