In relation to Mr. Lopez' election, the Board of Crown Asia Chemicals Corporation also approved the following changes in the composition of the Corporation's Board Committees, as follows: Audit Committee: Fernando S. Lopez - Chairman, Marie Therese G. Santos - Member, Ernesto R. Alberto - Member, Nicasio T. Perez - Member, Eugene H. Villanueva - Member, Risk Oversight Committee: Marie Therese G. Santos - Chairman, Ernesto R. Alberto - Member, Derrick P. Villanueva - Member, Hans Joseph T. Perez - Member, Fernando S. Lopez - Member, Corporate Governance Committee: Ernesto R. Alberto - Chairman, Marie Therese G. Santos - Member, Derrick P. Villanueva - Member, Hans Joseph T. Perez - Member, Fernando S. Lopez - Member. Ms. Marie Therese G. Santos was also designated as the new Lead Independent Director. Please be advised that in the meeting held today (23 September 2022), the Corporation's Board of Directors elected Mr. Fernando S. Lopez as independent director, to replace Mr. Bede Lovell S. Gomez who resigned last 18 August 2022 after accepting a government position appointment. Mr. Lopez holds a Bachelor's Degree in Business Administration (major in Accounting) and an MBA. He is currently the SVP and Group CFO of the Magsaysay Group of Companies. He is also a member of the Philippine Chamber of
Commerce and Industry and the Philippine Institute of Certified Public Accountants.