Greenergy Holdings Incorporated announced that at its Board of Directors meeting held on 18 September 2023, approved the Resignation of Atty. Martin C. Subido ("Atty. Subido") as Chairman of the Company effective immediately. Atty. Subido resigned due to personal reasons. He will remain as a Director of the Company; Appointment of Mr. Edgardo G. Lacson as Chairman of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Atty. Subido; and Election of Mr. Stephen Anthony T. CuUnjieng as independent director of the Company effective 18 September 2023 to fill the vacancy created by the resignation of Ms. Maylyn Z. Dy. Mr. Stephen Anthony T. CuUnjieng ("Mr. CuUnjieng") is currently an independent director in various publicly-listed companies in the Philippines. He has over thirty (30)-year career in investment banking including serving as the Chairman
of Evercore Asia Ltd. and as a Senior Managing Director of a New York-based firm. Prior to serving as Chairman of Evercore Asia Ltd., he was also the Vice Chairman - ASEAN for Macquarie Capital Asia and a Senior Managing Director
of the said company. He also held Managing Director or Director level positions at Merrill Lynch, Salomon Brothers and Morgan Grenfell. Mr. CuUnjieng obtained his Bachelor of Arts degree and Juris Doctor from the Ateneo de Manila University. He also holds a Master of Business Administration in Finance from the Wharton School of Business of the University of Pennsylvania and is a Director of the School's Executive Advisory Board for Asia. He is also a member of the International Advisory Board of the New York Philharmonic. The election of Mr. CuUnjieng as Independent Director is subject to his acquisition of qualifying shares within five (5) days from the date of his election.