On 03 June 2021, SM Investments Corporation (SMIC) completed its acquisition from KGLI-NM Holdings, Inc. (KGLI-NM) of 550,558,388 common shares representing 22.36% of the 2GO Group, Inc. (2GO) through a special block sale through the facilities of the Philippine Stock Exchange (PSE), resulting in the increase of SMIC's current shareholding from around 30.53% to approximately 52.85% of 2GO. Following this transaction, 2GO is now a subsidiary of SMIC. In connection with the divestment by the Udenna Group of their entire effective interest in 2GO, the following representatives of the Udenna Group have tendered their resignations as directors/officers of 2GO effective 03 June 2021, and the Board of Directors on the same day accepted such resignations: Mr. Dennis A. Uy as Chairman and Director. Ms. Ma. Concepcion F. de Claro as Director. Mr. Chryss Alfonsus V. Damuy as Director. Election of the following non-independent directors of 2GO effective 03 June 2021, to serve the remaining unexpired term of the outgoing directors: Mr. Stephen Ly; Mr. Chan Kiat; and Mr. Sam Ang Sing Mein. Mr. Stephen Ly, Australian, served as the Managing Director of DHL Global Forwarding-Singapore from 2015 to 2020, and was part of the Deutsche Post DHL Group from 2003 to 2020. He holds 100 common shares in 2GO. Mr. Chan Kiat, Singaporean, has been the Managing Director/Partner of Archipelago Capital Partners since 2016. He previously served as the Executive Vice President for Investments of Singapore Post Limited from 2012 to 2016. He holds 100 common shares in 2GO. Mr. Sam Ang Sing Mein, Singaporean, has over 35 years of experience in shipping, ocean freight forwarding, airfreight forwarding and logistics management across international logistics operators. He was the Group Chief Executive Officer of Quantium Solutions International, the 3PL arm of Singapore Post Limited, as well as the Chief Executive Officer of Famous Holdings, the freight forwarding business of Singapore Post, from 2015 to 2017. For the same period, he served as an Executive Vice President of Singapore Post. Prior to this, he was the Chief Executive Officer of DHL Global Forwarding Southeast Asia from 2006 to 2015. He holds 100 common shares in 2GO. Appointment Mr. Frederic C. DyBuncio as Chairman of the Board of Directors. Mr. DyBuncio is currently the President and CEO of 2GO and of SMIC. Appointment of the following Board Committee members: Mr. Stephen Ly as Executive Committee Member; Mr. Chan Kiat as Audit Committee Member; and Mr. Sam Ang Sing Mein as Related Party Transactions Committee Member.