Benguet Corporation in its meeting of the Board of Director held on March 18, 2021, the following matters were taken up and approved. The Board accepted and approved the resignation of Mr. Lester C. Yee as member of the Board effective March 18, 2021. The Board elected Atty. Lina G. Fernandez as Director of the Company effective March 18, 2021 to replace Mr. Lester C. Yee for Class B share. Before her election/appointment, Atty Fernandez served as one of the designated officers-in-charge of the company from October 18, 2018 to the present, and concurrently Senior Vice President for Finance and Comptroller since March 21, 2018. The Board approved the promotion of Atty. Reynaldo P. Mendoza as Executive Vice President, Legal and Assistant Corporate Secretary. The Board approved the promotion of Mr. Max D. Arceño as Senior Vice President, Finance and Treasurer effective March 18, 2021. Before their promotion, Atty Mendoza served as one of the officers-in-charge of the company and concurrently Senior Vice President, Legal and Assistant Corporate Secretary and Mr. Arceno served as Vice President, Finance and Treasurer of the Company.