Panasonic Manufacturing Philippines Corporation announced Termination of Designation of Directors Hiroshi Yamada and Satoshi Kono as Acting President and Acting Treasurer, respectively, effective December 9, 2021. Assumption by Mr. Yasushi Kondo as elected President and Chairman of the Board and Mr. Atsushi Kozuma as elected Executive Director, Treasurer and Vice Chairman of the Board effective December 9, 2021 after securing their required visas, alien certificates of employment and TIN. In relation to PMPC disclosure they reported that during the special board of director's meeting on September 28, 2021, Resident Directors Hiroshi Yamada and Satoshi Kono were designated acting President and Chairman of the Board and acting Executive Director, Treasurer and Vice Chairman of the Board pending the approval and release of their visas, alien certificates of employment and TIN. The elected President and Chairman of the Board presided in the regular meeting of the board on December 9, 2021 and the elected Treasurer made his first financial report also on the said meeting.