Basic Energy : Change in Directors and/or Officers (Resignation, Removal or Appointment, Election and/or Promotion)

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) May 20, 20222. SEC Identification Number 363593. BIR Tax Identification No. 000-438-702-0004. Exact name of issuer as specified in its charter BASIC ENERGY CORPORATION5. Province, country or other jurisdiction of incorporation MAKATI CITY6. Industry Classification Code(SEC Use Only) 7. Address of principal office UB 111 Paseo de Roxas Bldg., Paseo de Roxas Avenue, Legaspi Village, Makati CityPostal Code12298. Issuer's telephone number, including area code ([phone]. Former name or former address, if changed since last report Not applicable10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	14,668,643,064

11. Indicate the item numbers reported herein Item No. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Basic Energy CorporationBSC PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Separate disclosure in relation to BSC's disclosure with approval date December 16, 2021 (Disclosure Reference No. C08453-2021) particularly relating to the nomination and election of Basic Energy Corporation's Chairman

Background/Description of the Disclosure

On Dec 15, 2021 during the Board of Directors of Basic Energy Corporation (the Company), in its Regular Board Board meeting at which a quorum was present, and upon motion duly seconded, unanimously approved the following: 1. Nomination and election of Mr. Ramon F. Villavicencio as a Director of BSC upon recommendation of the Nomination Committee 2. Nomination and election of Mr. Ramon F. Villavicencio as Chairman of the Board of Basic Energy Corporation The nomination and election of Mr. Ramon F. Villavicencio as director and Chairman of the Board of BSC comes after the demise of the Company's previous director and Chairman - Mr. Oscar C. de Venecia Sr. - last October 21, 2021 as disclosed (Disclosure Reference No. C07011-2021)

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
-	-	-	-

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company	Nature of Indirect Ownership
Direct	Indirect
Ramon F. Villavicencio	Chairman of the Board	Dec/15/2021	Dec/15/2021	10,000	-	Direct

Promotion or Change in Designation

Name of Person	Position/Designation	Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company	Nature of Indirect Ownership
From	To	Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information

none

Filed on behalf by:

Name	Dominique Pascua
Designation	Compliance Officer