Acen Corporation announced that following the announcement of her retirement as the Company's CFO effective 31 December
2023, Ms. Maria Corazon G. Dizon (Ms. Dizon) will also retire as the Company's Compliance Officer effective 31 December 2023. At the special meeting held on 15 December 2023, the Board of Directors appointed Mr. Dodjie D. Lagazo ("Mr. Lagazo")
as Group Compliance Officer effective 1 January 2024 to replace Ms. Dizon. Mr. Lagazo's appointment as Group
Compliance Officer effective 1 January 2024 will be concurrent with his position as the Company's General Counsel and
Assistant Corporate Secretary. At the same meeting, the Board of Directors approved the change in designation of the following executive officers effective 1 January 2024: Mr. Jose Maria Eduardo P. Zabaleta ("Mr. Zabaleta") from Chief Development Officer to Group Chief Operating and Development Officer - In his expanded role, Mr. Zabaleta will be responsible for the ACEN group's activities that include origination and land acquisition, development and construction, plant and commercial operations, regulatory and external affairs including stakeholder relations; and Mr. Patrice R. Clausse ("Mr. Clausse") from Chief Operating Officer for International to Group Chief Investment Officer ­ Mr. Clausse's key priorities and focus areas will include International and Philippines' business development, investments, mergers & acquisitions, and partnerships. He will also oversee the revenue committees within the ACEN group.