Alliance Global Group, Inc. at its organizational meeting of the Board of Directors held on August 6, 2020 selected Kingson U. Sian as Treasurer, Alejo L. Villanueva Jr. (Independent Director) as Chairman of Audit Committee and Corporate Governance Committee, Sergio R. Ortiz-Luis, Jr.(Independent Director) and Andrew L. Tan as members of Audit Committee, Sergio R. Ortiz-Luis, Jr. (Independent Director) and Kevin Andrew L. Tan as members of Corporate Governance Committee, Sergio R. Ortiz-Luis, Jr. (Independent Director) ­ as Chairman, Alejo L. Villanueva Jr. (Independent Director) and Kevin Andrew L. Tan members of Board Risk Oversight Committee and Alejo L. Villanueva Jr. (Independent Director) ­ as Chairman, Sergio R. Ortiz-Luis, Jr. (Independent Director) and Andrew L. Tan as members of Related Party Transaction Committee.