The Board of Directors of EEI Corporation held its regular meeting on March 17, 2023. Director Paolo Y. Abaya tendered his resignation as member of the Board of Directors effective immediately for personal reasons. The remaining members of the Board of Directors, still constituting a quorum, accepted the resignation and elected Mr. Henry D. Antonio to serve the unexpired portion of the term of Mr. Abaya.

Mr. Roberto Jose L. Castillo, President, announced that he will be retiring as President of the Company effective April 30, 2023. Mr. Castillo will continue to serve as member of the Board of Directors. The Board of Directors proceeded to elect Mr. Henry D. Antonio to serve as President effective May 1, 2023.

Mr. Antonio is the Chief Operating Officer of the Company and brings with him over 25 years of consulting experience in business transformation as well as risk and restructure management. Prior to joining the Company, he oversaw all enterprise projects in Rizal Commercial Banking Corporation (RCBC). Before his tenure with RCBC, he was Vice Chairman and Head of Advisory for KPMG.

He also served as CFO of PruLife UK and as Head of Risk of Aegon USA. Mr. Antonio holds a Bachelor's Degree in Accountancy from the University of San Diego and a Strategic Management - C25 Certificate from INSEAD/Wharton.