Pepsi-Cola Products Philippines, Inc. announced that the board approved matters in its special meeting held on 30 March 2020; acceptance of the resignation of Mr. Khaled Mahmoud Mahmoud Metwalli as the Company's Senior Vice-President, Chief Financial Officer, and Chief Audit Executive, effective 01 April 2020. Mr. Metwalli will be assuming a new role and responsibility in the PepsiCo group Election of Mr. Vishal Malik as the Company's Senior Vice-President, Chief Financial Officer, and Chief Audit Executive, effective 01 April 2020 (subject to the issuance of the relevant permits); Acceptance of the resignation of Atty. Lope R. Manuel, Jr. as the Company's Vice-President for Legal and Government Affairs, Compliance Officer, and Data Protection Officer, effective 16 April 2020.

Atty. Manuel will be pursuing other endeavors outside of the Company; Election of Mr. Young Duk Kang, the Company's Senior Vice-President and Chief Strategy Officer, as the Company's Compliance Officer and Data Protection Officer, effective 16 April 2020.