On 27 February 2024, the Board of Directors of Basic Energy Corporation authorized the assignment of the following Wind Energy Service Contracts of the Company to the following Transferee-Subsidiaries: WESC 2023-05-279; Project Site - San Joaquin and Miagao, Iloilo, Hamtic, Antique; Transferee - San Joaquin Wind Energy Corporation, WESC 2023-06-286; Project Site - Batangas; Transferee - Starfish Wind Energy Corporation, WESC 2023-08-310; Project Site - Pasuquin, Ilocos Norte; Transferee - Pasuquin Wind Energy Corporation.
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