The Board of Directors of Geograce Resources Philippines, Inc. at its meeting held on 16 December 2021 elected Mr. Delfin S. Castro, Jr. as Chairman of the Board of Directors. In compliance with corporate governance rules, the Board elected (i) Mr. Felixes G. Latonero as Chairman of the Nomination Committee, Risk Management Committee, and Governance Committee, and (ii) Mr. Manuel G. Ong as member of the Nomination Committee, Risk Management Committee, and Governance Committee.