Philippine Realty and Holdings Corporation accepted the resignation of Mr. Alfredo S. Del Rosario, Jr. as Director and President and Chief Executive Officer of the Company effective at the close of business on February 28, 2023, for health reasons, and considered and approved the election of Mr. Gerardo Domenico Antonio V. Lanuza as President, to serve the unexpired term of Mr. Alfredo S. Del Rosario, Jr., as endorsed by Corporate Governance and Nominations Committee. Effective from March 01, 2023.