Greenergy Holdings Incorporated announced that during the Organizational Meeting of the Board of Directors of the Company held on 5 November 2021, Mr. Galvez, who was elected at the just concluded Annual Stockholders' Meeting of the Company, tendered his resignation as director of the Company effective immediately. Thereafter, the remaining members of the Board of Directors, still constituting a quorum, by a majority vote, elected Mr. Dave M. Almarinez as director of the Company to fill the vacancy created by the resignation of Antonio Peter R. Galvez.