The Board of Directors of MREIT, Inc. approved the appointment of Mr. Jose Arnulfo Batac as Chief Operations Officer of the Company effective 16 May 2024. Mr. Jose Arnulfo Batac, 49 years old, Filipino, concurrently serves as Head for Corporate Ventures and Partnerships Management of Megaworld Corporation, the Company's Parent and Sponsor. Prior to this role, he used to lead the estate management department handling the operations of Megaworld's township developments around the country.

He is also supporting Megaworld Corporation and MREIT, Inc. to pursue sustainability in its businesses as a shared value among its stakeholders by anchoring its corporate activities to the principles of global ESG standards.