Basic Energy Corporation announced that In the regular meeting of the Board of Directors held on May 27, 2021 at which a quorum was present and upon motion duly seconded, the Board accepted the resignation of Director Harvey Lawrence N. Dychiao as Independent Director effective May 20, 2021 and the election of Director Reynaldo D. Gamboa as Independent Director effective May 27, 2021. Director Gamboa was appointed to the following Board Committees: Chairman of Audit Committee, Member of Risk Committee, Member of Nominating Committee, Member of Compensation and Remuneration Committee.