Cosco Capital, Inc. at its Annual Stockholders Meeting held on May 14, 2024, approved the Election of Antonio Abacan, Jr. as director. Mr. Abacan served as a Monetary Board Member of the Bangko Sentral ng Pilipinas from July 2017 to July 2023. He has held several executive positions within the Metrobank Group, including Group Vice-Chairman, Senior Adviser for First Metro Investment Corporation, and Chairman of the Board for various companies such as Metropolitan Bank and Trust Company, Toyota Financial Services (Phil).

Inc., Sumisho Motor Finance Corporation, Manila Doctors Hospital, and Manila Tytana Colleges, Philippine Charter Insurance, and Honorary Chairman for Orix Metro Leasing and Finance Corporation. Additionally, he served as Director and Corporate Secretary of the Bankers Association of the Philippines and as President of GT Capital Holdings, Inc., Philippine Savings Bank, and Data Serv Corporation. Currently, Mr. Abacan is the Director for Banking, Finance, and Taxation at the Philippine Chamber of Commerce and Industry, the Governor of Makati Commercial Estate Association, and a member of the Management Association of the Philippines.

He also serves as a Senior Adviser for the Metrobank Foundation and as a Member of the Board of Trustees for GT Metro Foundation and Piso for Unity, Peace, and Progress Foundation. Mr. Abacan earned his Bachelor of Science in Business Administration degree from the Mapua Institute of Technology, majoring in Banking and Finance, and from Far Eastern University, majoring in Accounting. He completed an Executive Program at the Graduate School of Business at Stanford University, California, United States.

Additionally, he was granted an honorary Doctorate in Business Administration (Honoris Causa) from the Philippine Women's University. Mr. Abacan is a Filipino, 81 years old, and this marks his first nomination as an independent director of the Company.