Waterfront Philippines, Incorporated announced that Ms. Justine Dominique Bering resigned as Chief Audit Executive of ACE on December 1, 2022. However, ACE knew of her resignation only on December 2, 2022 after the annual meeting of stockholders and the organizational meeting of the board where she was elected/appointed as Chief Audit Executive. Thus, the board of ACE held a special meeting on December 6, 2022 where the resignation of Ms. Bering was accepted effective December 1, 2022 and where the appointment of.

Ms. Aiza L. Pasayloon-Famador as the new Chief Audit Executive, vice Ms. Bering, was also made effective December 1, 2022.