COL Financial Group, Inc. at its SBM approved resignation of Catherine L. Ong as Director, effective date of resignation is February 26, 2021. Also election of Ms. Betty C. Siy-Yap and Mr. Roberto C. Benares as Independent Directors, effective date of appointment election is February 26, 2021. Appointment of Ms. Betty C. Siy-Yap to the Audit Committee and Mr. Roberto C. Benares to the Remuneration Committee. Ms. Betty C. Siy-Yap and Mr. Roberto C. Benares were elected as Independent Directors to fill the seats left vacant by the demise of Mr. Khoo Boo Boon and resignation of Ms. Catherine L. Ong. Ms. Siy-Yap is the SVP and Chief Finance Officer and Chief Risk Officer of Manila Electric Company. She sits in the Board of Directors of Clark Electric Distribution Corporation, CIS Bayad Center, Inc., Meralco Industrial Engineering Services Corporation, MERALCO PowerGen Corporation, and MRail, Inc. She is the President of Lighthouse Overseas Insurance Limited, a Trustee of First Pacific Leadership Academy, Inc. and MVP Sports Foundation, Inc. Mr. Benares currently sits in the Board of Directors of the Bank of Commerce, BlastAsia Corporation, and Quokka Development Corporation. He was the President and CEO of the Bank of Commerce from 2013 to 2018.