On January 5, 2024, the Board of Directors of Basic Energy Corporation elected Mr. Gil Azanza Buenaventura as the third Independent Director of the Corporation. Mr. Buenaventura's election fills-in the vacancy left by the late Mr. Reynaldo D. Gamboa who passed away August of 2023.With over 40 years of professional experience in banking and general management, he has overseen the growth in revenues and profits with the various banks he has been associated with through his expertise in strategy formation, business development and relationship building. Mr. Buenaventura was President and Chief Executive Officer of RIZAL COMMERCIAL BANKING CORPORATION from July 2016 to June 2019.

Concurrently also held the position of Vice Chairman of the bank's Executive Committee, Chairman of RCBC Savings Bank's Executive Committee, as well as directorships in RCBC Capital Corporation, RCBC Leasing and Finance Corporation, RCBC Rental Corporation, Rizal Microbank, RCBC Savings Bank, RCBC Forex Brokers Corporation and Niyog Property Holdings Inc. Prior to joining RCBC he was President and CEO of the DEVELOPMENT BANK OF THE PHILIPPINES (October 2012 - June 2016), wherein he steered DBP to unprecendented growth, with earnings and total resources reflecting an annual compounded growth rate of 5.11% and 11.1% respectively, while fulfilling its role in nation-building by its prominent presence in financing initiatives to support infrastructure development, responsible entrepreneurship and protection of the environment. DBP retained its position as among the top 10 universal banks in the industry. Aside from his position as President and Chief Executive Officer, he was Vice Chairman of the Board of Directors and Executive Committee as well as member of the policy- setting Trust, IT Governance and Human Resources Committees.

He also held key positions in DBP subsidiaries as Chairman of DBP-DAIWA Securities Corporation, DBP Management Corporation, DBP Data Center Inc., Local Government Unit Guarantee Corporation and Vice Chairman of Al Amanah Banking Corporation. He held other key management positions as Chairman of the Credit, Management and Asset Liability Committees. He also held senior management positions in various banks: BANK OF THE PHILIPPINE ISLANDS (November 1996 - September 2012), where, as SEVP & COO he was in charge of the bank's major revenue generating businesses, the Corporate Banking Group, composed of Corporate, Middle Market and SME accounts representing more than 75% of BPI's lending portfolio and the Consumer Banking Group covering all nationwide branches.

Additional responsibilities included the supervision and management of special business units, BPI Leasing Corporation, BPI Rental Corporation, Card Banking Group, the Japanese Desk, Special Accounts Management Department (managing remedial accounts), Special Lending Unit, in charge of BPI's special funding sources from BSP, DBP, LBP, and guarantee/risk sharing facilities with LGUGC, IFC, and USAID. Additional direct oversight responsibilities of non- revenue generating areas including Centralized Operating Group, Information Systems Group and Human Resources Management Group. He held key Board positions in BPI Subsidiaries, as Chairman of the Board of Directors of BPI Leasing Corporation, BPI Rental Corporation, BPI Bancassurance Inc. BPI International Finance Ltd., BPI Express Remittance Corporation, Pilipinas Savings Bank, Prudential Investments Inc., BPI Direct Savings Bank, Ayala Life Assurance Inc., Ayala Plans Inc., FGU Insurance and BPI Foundation Inc., and held other key management positions such as Vice Chairman of the Unibank Management, Credit Risk and Asset Liability Committee as well as member of the Unibank Financial Risk Management and Asset Management Trust Committees.

As EVP - Institutional Banking and Operations Group Head, he managed the Unibank's loan portfolio composed of Corporate, Middle Market, SME and retail banking accounts representing all of BPI's lending business. Additional responsibility included the supervision of special business units, BPI Leasing Corporations, Japanese Desk, Special Accounts Management Department (managing remedial accounts) as well as direct oversight over the Unibank Centralized Operations Group. He likewise held key Board positions as Chairman of Citytrust Realty Corporation, Citytrust Securities Corporation, Member of the Board of Diretors of BPI Family Savings Bank and BPI Leasing Corporation.

He was also a member of the Unibank Integration Committee during the bank's merger with Far East and Trust Co. in 2000. In July 2005, he was appointed President and Chief Executive Officer of PRUDENTIAL BANK after its acquisition by the Bank of the Philippine Islands while awaiting regulatory merger approvals.

He was also a member of the Unibank Integration Committee during the merger with Bank of the Philippine Islands. Seconded from CITIBANK Manila Branch, he served as Executive Vice President of CITYTRUST BANKING CORPORATION (May 1989 - April 1993), wherein as Corporate Banking and Centralized Operations Group head, managed all lending activities except consumer loans representing more than 70% of the banks' lending portfolio. He also supervised the Unibank Centralized Operations Group.

He held other key management positions as Vice Chairman of the Citytrust Unibank Management, Credit Risk Committee as well as members of the Citytrust Unibank Financial Risk management and Asset Liability Committees. He likewise held various key senior positions in CITIBANK North America, Manila Branch and CITICORP INTERNATIONAL, PHILIPPINES (1975 - 1993) Mr. Buenaventura graduated from the University of San Francisco with a Bachelor of Arts degree in Economics and holds a Master of Business Administration degree from the University of Wisconsin, Madison. Present Affiliations: Board Member, Executive Committee Member and Anti-money Laundering Committee Member, Rizal Commercial Banking Corporation.

Board Member, House of Investments Inc. Board Member, Malayan Insurance Company Inc. Board Member, Manila Memorial Park Inc. Trustee, Treasurer and Finance Committee Chair, De La Salle Lipa. Past Affiliations: Member, Investment Committee, De La Salle Philippines, Board Member, Bankers Association of the Philippines, Board Member, BANCNET, Board Member, Philippine Payments Management Inc. Member, Management Association of the Philippines.