Filinvest Development Corporation announced that Ms. Virginia T. Obcena was appointed as Lead Independent Director. The following Board Committees were constituted and their respective members were appointed to the position opposite their respective names: Executive Committee: Chairman: Jonathan T. Gotianun. Members: Lourdes Josephine Gotianun-Yap, Michael Edward T. Gotianun, Francis Nathaniel C. Gotianun.

Audit and Risk Management Oversight Committee: Chairman: Virginia T. Obcena (Independent Director). Members: Val Antonio B. Suarez (Independent Director), Lourdes Josephine Gotianun-Yap Jonathan T. Gotianun. Compensation Committee Corporate Governance Committee: Chairman: Val Antonio B. Suarez (Independent Director).

Members: Claire L. Huang (Independent Director), Virginia T. Obcena (Independent Director), Jonathan T. Gotianun. Related-Party Transaction Committee: Chairman: Val Antonio B. Suarez (Independent Director). Members: Virginia T. Obcena (Independent Director), Claire L. Huang (Independent Director).

Digital Committee: Chairman: Claire L. Huang (Independent Director). Members: Lourdes Josephine Gotianun-Yap and Jonathan T. Gotianun.