BDO Leasing and Finance, Inc. announced at the regular meeting held on April 28, 2021, the shareholders approved the Retirement of Mr. Roberto E. Lapid, President of BDOLF, effective April 30, 2021 and the board appointment of Mr. Manuel Z. Locsin, Jr., as Senior Vice President and Officer-in-Charge of BDO Leasing and Finance Inc., effective May 01, 2021, subject to regulatory approval, if necessary.