SP New Energy Corporation announced that the Board of Directors of the Company approved on 11 December 2023 the election of the Company's recently elected Treasurer and Chief Finance Officer, Rochel Donato R. Gloria, as a member of the Board of Directors effective 11 December 2023. Mr. Gloria shall serve the remainder of the term of Mr. Carlos Jose P. Gatmaitan. The Board of Directors of the Company thanked Mr. Carlos Jose P. Gatmaitan, who has graciously given way for this election of a new director, and for his invaluable contributions to the Company. Mr. Gloria serves as the CFO of Meralco PowerGen Corporation (MGen). Concurrently, he serves as the CFO of Global Business Power Corporation (GBP), a wholly-owned subsidiary of MGen. He is a seasoned executive bringing in 37 years of leadership experience in corporate finance, business development, and marketing from various industries, including energy, telecommunications, and private equity, among others. Prior to joining GBP, he served as Vice President and Head of Business Development and Corporate Planning for First Philec Inc. He also served as First Vice President and Head for Energy Trading and Sales for Aboitiz Power Corporation. He holds a Master of Business
Administration from the Ateneo de Manila University Graduate School of Business. He graduated with a Bachelor of science, majoring in Industrial Management and minor in Mechanical Engineering from De La Salle University.