Acen Corporation at its board meeting held on 28 September 2022 Accepted the resignation of Mr. Jaime Augusto Zobel de Ayala as director and Vice-Chairman of the Board; Elected Mr. Delfin L. Lazaro as director to replace Mr. Fernando Zobel de Ayala and to serve his unexpired term; Mr. Lazaro has been Non-Executive Director of Ayala Corporation since January 2007. He was Secretary of Energy from 1992-1994. He holds the following positions in publicly listed companies: Director of Integrated Micro-Electronics Inc., and Globe Telecom Inc. His other significant positions include: Chairman of Atlas Fertilizer & Chemicals Inc., Chairman and President of A.C.S.T. Business Holdings Inc. and AYC Holdings Inc.; Vice Chairman and President of Asiacom Philippines Inc.; Director of AC Industrial Technology Holdings Inc., AC International Finance Ltd., Purefoods International Limited and Probe Productions Inc. He is an Independent Adviser to the Board of Directors of Ayala Land Inc. and a member of the BPI Advisory Council.

He graduated with a degree of BS Metallurgical Engineering at the University of the Philippines in 1967 and took his MBA (with Distinction) at Harvard Graduate School of Business in 1971. Elected Mr. Jaime Alfonso Antonio Zobel de Ayala as director to replace Mr. Jaime Augusto Zobel de Ayala and to serve his unexpired term; Mr. Zobel de Ayala is a Director of ACE Enexor Inc. He currently heads the Business Development and Innovation Units of Ayala Corporation. He is also the Co-Deputy Head of Corporate Strategy Group.

He is a director of Ayala Land Logistics Corporation and MCT Berhad, publicly listed companies in the Philippines and Malaysia, respectively. He is also a director of AC Ventures Corporation, BPI Capital Corporation, BPI Direct BanKo Inc. and AC Energy International Inc. He is the Chairman of Global Ideas Committee of the Makati Business Club and a member of the Investment Committee of the Kickstart Ventures Inc. Previously, he was Head of Business Development (Prepaid Division) of Globe Telecom. Before joining Ayala Group, he was an Analyst at Goldman Sachs Singapore under the Macro Sales Desk (FICC Division).

He graduated from Harvard University, with a Primary Concentration in Government in 2013 and from Columbia Business School with a Masters' Degree in Business Administration in 2019; Appointed Mr. Delfin L. Lazaro as Chairman of the Board, and Chairman of the Executive Committee; Appointed Mr. Cezar P. Consing (incumbent director) as Vice-Chairman of the Board, and Vice-Chairman of the Executive Committee; Appointed Mr. Jaime Alfonso Antonio Zobel de Ayala as member of the Executive Committee; and Appointed Kyla Kamille U. Samson as Controller effective 1 October 2022 to replace Mr. Ronald F. Cuadro. Ms. Samson is an Assistant Vice President (Corporate Finance) of ACEN. She worked in SyCip Gorres Velayo & Co.

from July 2010 to June 2021, where she rose to the position of Assurance Senior Director in October 2019. She graduated in 2009 from De La Salle University ­ Manila with a degree of Bachelor of Science in Accountancy.