Axelum Resources Corp. advised that the Board of Directors during its regular meeting held on February 12, 2024, considered and approved the election of Mr. Joseph Augustin L. Tanco as Independent Director to serve the unexpired term of Mr. Raymundo N. Suarez. Mr. Tanco has been a Director of STI EDUCATION SYSTEMS HOLDINGS, INC. since 27 October 2010.

He is likewise the Vice President for Investor Relations. Mr. Tanco is a Director and a member of the Executive Committee of STI ESG, the Chairman of the Board of PhilPlans First Inc. and also serves as a Director of iACADEMY, STI West Negros University and Philippines Firs Insurance Co. Inc. He is currently the President and Chief Executive Officer of Maestro Holdings Inc., Philippine Life Financial Assurance Corporation, PhilhealthCare Inc. and Comm&Sense Inc. He founded Comm&Sense Inc., an public relations agency offering comprehensive services in the areas of creative design, event conceptualization and management, public relations and promotions and its affiliated companies, Roar Agile Communicators and Stitch Tech Solutions Inc., where he is likewise the President and Chief Executive Officer.

Mr. Tanco is an active member of the American Chamber of Commerce of the Philippines Inc. (AMCHAM) and has served as the Co-Chairman of the Healthcare and Wellness Committee from 2019 to the present. He was Chapter President of (Junior Chamber International Philippines (JCI) in 2012, an Area Director for Metro Area 2 in 2013 and recently, JCI bestowed him a Senatorship role. He was National Chairman for Nothing but Nets in 2013 and National Chairman for The Outstanding Young Men (TOYM) in 2015.

In 2012, he became a mentor for BS Entrepreneurship at the University of Asia and the Pacific (UA&P) and in 2022 was the first recipient of the UA&P Helm Awards, the top honor of the university's inaugural Alumni Achievement Awards, which recognizes the distinct accomplishments of School of Management Graduates. Mr. Tanco is a graduate of the University of Asia and the Pacific with a Bachelor of Science degree in Entrepreneurial Management. He obtained his Master's in Business Administration from the Ateneo Graduate School of Business.