Golden MV Holdings, Inc. announced Ms. Maribeth C. Tolentino, Ms. Frances Rosalie T. Coloma and Mr. Eduardo T. Aguilar have resigned as directors of the company effective July 20, 2023 to focus on their respective new corporate assignments in the Villar Group. At the organizational meeting of the board of directors held on July 20, 2023, the remaining directors of the company who constitute a quorum, elected Messrs. Manuel Paolo A. Villar and Mark A. Villar and Ms. Cynthia J. Javarez as directors, to serve the unexpired term of Ms. Tolentino, Ms.Coloma and Mr. Aguilar.

The respective qualifications and business experience of the newly elected directors are as follows: Manuel Paolo A. Villar. Mr. Paolo Villar graduated from the Wharton School of the University of Pennsylvania, Philadelphia, USA with a Bachelor of Science in Economics and Bachelor of Applied Science in 1999. He was an Analyst for McKinsey &Co.

in the United States from 1999 to 2001. He joined the Vista Land Group in 2001 as Head of Corporate Planning then became the Chief Financial Officer of Vista Land & Lifescapes, Inc. ("VLL") in 2008. He was elected President and Chief Executive Officer of VLL in July 2011 and President of Vistamalls, Inc. (formerly Starmalls, Inc.) in June 2019.

In addition, he is the CEO and Chairman of St. Augustine Gold and Copper Limited and Chairman of TVI Resources Development Philippines, Inc., Camella Homes, Inc., Communities Philippines, Inc., Crown Asia Properties, Inc., Brittany Corporation, Vista Residences, Inc., VistaREIT, Inc., and Powersource Phils Development Corp. Mr. Paolo Villar is also the majority shareholder of Prime Asset Ventures, Inc., and director of Fine Properties, Inc, and AllHome Corp.

Mark A. Villar. Mr. Mark Villar earned his Bachelor of Science in Economics from University of Pennsylvania, Philadelphia, USA. He has held various positions in the MB Villar Group of Companies before he was first elected to public office as Congressman of Las Pinas City in 2010.

He was Secretary of the Department of Public Works and Highways from 2016 to 2021. He currently serves as a Senator since June 2022. Cynthia J. Javarez.

Ms. Javarez graduated from the University of the East with the degree of Bachelor of Science in Business Administration major in Accounting. She is a Certified Public Accountant. She completed a Management Development Program at the Asian Institute of Management in 2006.

Ms. Javarez was previously the Chief Financial Officer of Polar Property Holdings Corp. until 2011 and the Tax & Audit Head in the MB Villar Group of Companies until 2007. She was the Controller and Chief Financial Officer of VLL from 2013 until she became Chief Operating Officer from November 2018 to June 2022.

She was the President of Camella Homes, Inc., Communities Philippines, Inc., Crown Asia Properties, Inc., Brittany Corporation and Vista Residences, Inc. until 2021. She is currently the Chairperson of the Board of Prime Asset Ventures, Inc. and is the President of Fine Properties, Inc. At the organizational meeting of the board of directors held on July 20, 2023, elected Ma. Nalen S.J. Rosero as assistant corporate secretary.

The following were elected as Chairpersons and members of the committees of the Board: Nominations Committee: Manuel B. Villar, Jr., Chairman; Cynthia J. Javarez, Member; Ana Marie V. Pagsibigan (Independent Director), Member. Compensation and Remuneration Committee: Cynthia J. Javarez, Chairman; Camille A. Villar, Member; Garth F. Castaneda (Independent Director), Member. Audit Committee: Ana Marie V. Pagsibigan (Independent Director), Chairman; Garth F. Castaneda (Independent Director), Member; Manuel Paolo A. Villar, Member.

Corporate Governance Committee: Garth F. Castaneda (Independent Director), Chairman; Ana Marie V. Pagsibigan (Independent Director), Member; Manuel B. Villar, Jr., Member. Board Risk Oversight Committee: Ana Marie V. Pagsibigan (Independent Director), Chairman; Garth F. Castaneda (Independent Director), Member; Mark A. Villar, Member. Related Party Transactions Committee: Garth F. Castaneda (Independent Director), Chairman; Ana Marie V. Pagsibigan (Independent Director), Member; Manuel Paolo A. Villar, Member.