Makati Finance Corporation at its meeting held on July 28, 2023 approved elected VINCENT EE as Directors of the Corporation for a term of one (1) year or until their successors and IRINEO A. CASES, JR. as independent directors. The company also announced resignation of RENE B. BENITEZ as DIRECTOR/CHAIRMAN and ROBERTO C. BENERES as DIRECTOR, effective from July 27, 2023. The Organizational Meeting of the Board of Directors was held immediately after the Annual Stockholders Meeting.

The following officers and committee chairmen/members were elected. Atty. Danilo Enrique O. Co as Corporate Secretary; Mr. Servando B. Alvarez, Jr. as Assistant Treasurer; Mr. Roberto C. Benares as Board Adviser.

The Organizational Meeting of the Board of Directors was held immediately after the Annual Stockholders Meeting. The following committee chairmen/members were elected. COMMITTEES: Mr. Max Francisco Jose O. Borromeo, Chairman; Mr. Robert Charles M. Lehmann; Mr. Maxcy Francisco Jose R. Borromeo; Mr. Cristino L. Panlilio.

Compensation Committee: Mr. Joel S. Ferrer, Chairman; Mr. Jose Daniel R. Borromeo; Mr. Alan Michael R. Cruz; Mr. Asterio L. Favis, Jr.; Mr. Cristino L. Panlilio. Nomination /Corporate Governance Committee: Mr. Alan Michael R. Cruz, Chairman; Mr. Robert Charles M. Lehmann; Mr. Asterio L. Favis, Jr. Audit /Related Party Transactions /Board Risk Oversight Committee: Mr. Asterio L. Favis, Jr., Chairman; Mr. Max Francisco Jose O. Borromeo; Mr. Alan Michael R. Cruz.