EEI Corporation at its Special board meeting held on May 23, 2023, the board of directors accepted the resignation of Mr. Gregorio T. Yu as independent director for personal reasons effective May 23, 2023. Mr. Yu served as the Chairman of the Audit Committee, and a member of the Corporate Governance Committee, Nominations Committee, and Personnel Evaluation & Review Committee. The Board, still constituting a quorum, approved the election of Mr. Francis Lloyd T. Chua as a new director to fill one of the vacancies in the Board.

Mr. Francis Chua is a Filipino businessman and an engineer by profession. He is currently the Chairman of Industry Holdings and Development Corporation. Mr. Chua is also the Chairman and President since 2018 of Industry Movers Corporation.

He likewise serves as the Chairman since 2018 of Concrete Stone Corporation. Mr. Chua obtained his Bachelor's Degree in Civil Engineering at the University of San Carlos in 2003. The Board reorganized various Board Committees as follows: Audit Committee: Atty.

Carlos Alfonso T. Ocampo (C), Roberto F. de Ocampo (M), Medel T. Nera (M), Juan Kevin G. Belmonte (M) and Wilfrido E. Sanchez (M). Personnel Evaluation & Review Committee: Wilfrido E. Sanchez (C), Medel T. Nera (M), Atty. Carlos Alfonso T. Ocampo (M), Henry D. Antonio (M) and Jaime E. Ysmael (M).

Nominations Committee: Henry D. Antonio (C), Atty. Carlos Alfonso T. Ocampo (M) and Wilfrido E. Sanchez (M).