East West Banking Corporation at its board meeting approved the retirement of Mr. Nelson M. Bona as Director of the Bank and the subsequent appointment of Mr. Jerry G. Ngo as Director to serve the unexpired term of Mr. Bona. The Board was informed that the Corporate Governance and Compliance Committee has vetted the qualifications of Mr. Jerry G. Ngo and is fit and proper for the Director position of the Bank. Mr. Ngo has more than 20 years of experience with the banking industry in the region having served various roles in product development, cash management, operations, transaction banking, and relationship management with Standard Chartered Bank and Citi Bank. Mr. Ngo is currently a consultant of Filinvest Development Corporation (FDC) and consults with FDC and its subsidiaries on various matters. Both effective on Sep 30, 2021.