On 22 May 2020, the MJC Investments Corporation's Board of Directors noted and accepted the resignation of Atty. Bernadette V. Quiroz as Independent Director, member of the Executive Committee and Compensation and Remuneration Committee, and Chairman of the Audit Committee effective 22 May 2020. To fill the vacancy, the Board appointed Atty. Adan T.Delamide as the Company's Independent Director and as member of the Executive, Audit, and Compensation and Remuneration Committees effective immediately.