Cosco Capital, Inc. announced that Directors Bienvenido Laguesma and Jaime Bautista tendered their resignations on June 29, 2022, as Independent and Regular Directors of Cosco Capital, Inc. In its special meeting held on June 29, 2022, the Board of Directors of Cosco Capital, Inc. accepted the resignations to take effect immediately. Director Bienvenido Laguesma has been appointed Secretary of the Department of Labor, and Director Jaime Bautista has been appointed Secretary of the Department of Transportation by the incoming President of the Philippines, Mr. Ferdinand Marcos Jr.