Ionics, Inc. announced that at the joint regular meeting held on 9 November 2023, the Board of Directors of lonics, Inc. and its subsidiary, Ionics EMS, Inc., approved the election of Mr. Jay A. Chavez as Director of lonics Inc. to serve for the remainder of the term of Comm. Robert Joseph M. de Claro, the former nominee director of the Social Security Commission in the Board of Directors of Ionics Inc. Mr. Medel T. Nera was elected Chairman of the Board of Directors of Iomni Precision Inc. Mr. Jay A. Chavez is the Senior Vice-President for Operations & Chief Operating Officer of lonics EMS, Inc. He joined lonics EMS in 1995 as a Quality Control and Quality Assurance (QC/QA) engineer. Since then, he went up the organizational ladder and became QC/QA Manager, Manufacturing Senior Manager/Deputy Plant Manager, Assistant Vice President for Manufacturing/Deputy for Operations, Assistant Vice President for Materials Management and finally, Assistant Vice President for Supply Chain Management.

In May 2015, he represented the Philippines as speaker at the World Trade Organization ("WTO") Information Technology Agreement Workshop on Non-Tariff Barriers Affecting Trade in Information Technology Products which was held at the WTO Headquarters in Geneva, Switzerland. In June 2017, he represented the Philippines as speaker at the WTO Symposium on the 20h Anniversary of the ITA held in Geneva, Switzerland. Mr. Chavez finished his secondary education at the Philippine Science High School and holds an Electrical Engineering degree from Mapua Institute of Technology.

Qualifications and Business Experience of Mr. Medel T. Nera: Mr. Medel T. Nera is a certified public accountant. He has been an Independent Director of lonics Inc. and lonics EMS Inc. and a member of the Board of Directors of Iomni Precision Inc. since November 2020. Mr. Nera is presently a Director of House of Investments, Inc., iPeople Inc., Seafront Resources Corporation, EEI Corporation and lonics Properties, Inc. He is also an Independent Director of the National Reinsurance Corporation of the Philippines, Inc. and Holcim Philippines, Inc., and a formner Independent Director of Erikagen, Inc., Actimed, Inc., Pharm Gen Ventures Corp., and Novelis Solutions., Inc. His past experiences include: President and CEO of House of Investments, Inc.; President of Honda Cars Kalookan, Inc., Director and President of RCBC Realty Corp.; Director and Chairman of the Risk Oversight Committee of Rizal Commercial Banking Corp.; Director and Treasurer of CRIBS Foundation, Inc., and Senior Partner at Sycip Gorres Velayo &Co.

where he had 35 years of experience in professional services. Mr. Nera served as Assurance Leader for the Financial Services Assurance practice of Ernst and Young in the Far East covering China, Taiwan, Hongkong, Korea, Singapore, Philippines and Vietnam. Mr. Nera obtained his Master in Business Administration degree from Stern School of Business, New York University, New York, USA and Bachelor of Science in Commerce degree from Far Eastern University.

He also attended the International Management Program of the Manchester Business School, United Kingdom, and the Pacific Rim Bankers' Program of the University of Washington, Seattle, Washington, USA.