The Board of Directors of Ayala Land, Inc. approved in the company's regular meeting held on 16 August 2022 Mr. Fernando Zobel de Ayala's medical leave of absence as the company's Chairman of the Board and resignation as Chairman and member of the company's Executive Committee and member of the company's Personnel and Compensation Committee. He remains a member of the Board of Directors. Pursuant to the company's By-Laws, the company's Vice-Chairman, Mr. Jaime Augusto Zobel de Ayala, will serve as Acting Chairman during the Chairman's leave of absence. Mr. Fernando Zobel Ayala's replacement in the aforementioned Committees will be
appointed in due course.
Ayala Land, Inc. is a Philippines-based property developer. The Company is focused on developing integrated and mixed-use real estates. The Company operates through eight segments: Property Development, International Business, Shopping Centers, Offices, Hotels and Resorts, Construction, Property management, and Others. The Company has developed properties in the Makati CBD, Ayala Alabartg, Cebu Park District, Bonifacio Global City, and others. It has approximately 12,000 land, and 49 developed estates. The Company offers diverse portfolio of complementary businesses primarily in the development of residential, office, commercial, and industrial properties for sale, as well as commercial leasing through shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living, and co-working spaces. Its brands include Ayalaland Premier, Alveo, Avida, Amaia, and BellaVita. The Company's subsidiaries include Alveo Land Corporation, Serendra, Inc., and others.
AYALA LAND, INC. 
