The Board of Benguet Corporation approved the appointment of Mr. Andrew Julian K. Romualdez as Director representing Common Class "B"
share of the Company. He replaces Atty. Jesse Hermogenes T. Andres, who resigned as Director effective June 30, 2022. Mr. Romualdez is currently a Director of publicly-listed Marcventures Holdings Inc. (MHI) and Bright Kindle Resources and Investments Inc. (BKR). He is also a Director of MHI's subsidiaries namely: Marcventures Mining and Development Corporation, Alumina Mining Phils. Inc., Bauxite Resources Inc. and Brightgreen Resources Corporation. Last month, he also became a Director of Benguet Corporation's subsidiaries, Benguetcorp Resources Management Corporation and Arrow Freight Corporation. Mr. Romualdez graduated from Cornell University in 2022 with a Bachelor's Degree in International Agriculture and Rural Development. The Board appointed Mr. Andrew Julian K. Romualdez as member of Nomination and Election Committee to fill up the vacancy created by the resignation of Atty. Jesse Hermogenes T. Andres who is a member of Nominations and Election Committee.