PetroEnergy Resources Corporation at its board meeting held on November 29, 2023, approved the termination of the services of Rizal Commercial Banking Corporation ("RCBC") through its Stock Transfer Department, as the Company's Stock Transfer Agent effective December 31, 2023, and the engagement of RCBC Trust Corporation as the Company's new Stock Transfer Agent effective January 1, 2024, following RCBC's spin-off of its Trust and Investments Group into a Stand- Alone Trust Corporation, pertaining to the RCBC Trust Corporation.