Megawide Construction Corporation announced pursuant to the election Mr. Alfredo E. Pascual as independent director on October 9, 2018, the following were appointed as members of the Board Committees. Executive Committee formed with Edgar B. Saavedra - Chairman, Manuel Louie B. Ferrer - Vice-Chairman, Oliver Y. Tan, Chief Justice Hilario G. Davide, Jr. (Ret.), Leonilo G. Coronel and Alfredo E. Pascual. Audit Committee formed with Celso P. Vivas - Chairman, Leonilo G. Coronel - Vice-Chairman, Oliver Y. Tan, Chief Justice Hilario G. Davide, Jr. (Ret.)and Alfredo E. Pascual. Risk Oversight Committee formed with Alfredo E. Pascual - Chairman, Celso P. Vivas - Vice Chairman, Leonilo G. Coronel and Chief Justice Hilario G. Davide, Jr. (Ret.). Governance, Nominations and Remuneration Committee formed with Chief Justice Hilario G. Davide, Jr. (Ret.) - Chairman, Alfredo E. Pascual - Vice-Chairman and Leonilo G. Coronel, Celso P. Vivas. Finance Committee formed with Leonilo G. Coronel - Chairman, Oliver Y. Tan - Vice-Chairman, Manuel Louie B. Ferrer, Celso P. Vivas and Alfredo E. Pascual. Mr. Leonilo G. Coronel's appointment as lead independent director was confirmed.