At the organizational meeting of the Board of Directors of BDO Leasing and Finance, Inc. held immediately after the Annual Stockholders' Meeting, the Board of Directors elected the persons to the various positions. Executive Committee: Nestor V. Tan – Chairman, Antonio N. Cotoco - Vice Chairman, Teresita T. Sy, Roberto E. Lapid and Walter C. Wassmer – Members. Board Audit Committee: Ma. Leonora V. De Jesus - Chairperson/Independent Director, Jesse H.T. Andres - Member/Independent Director, Vicente S. Pérez, Jr. - Member/Independent Director. Corporate Governance Committee: Jesse H.T. Andres - Chairman/Independent Director, Ma. Leonora V. De Jesus - Member/Independent Director and Vicente S. Pérez, Jr. - Member/Independent Director. Nomination Committee: Jesse H.T. Andres - Chairman/Independent Director, Antonio N. Cotoco - Member/Non-Executive Director and Ma. Leonora V. De Jesus - Member/Independent Director. Risk Management Committee: Vicente S. Pérez, Jr. - Chairman/Independent Director, Nestor V. Tan - Member/Executive Director and Jesse H.T. Andres - Member/Independent Director. Related Party Transactions Committee: Jesse H.T. Andres - Chairman/Independent Director, Ma. Leonora V. De Jesus - Member/Independent Director, Jeci A. Lapus - Member/Non-Executive Director and Antonio N. Cotoco – Advisor.