During the special meeting of the Board of Directors of Grand Plaza Hotel Corporation that was held on 25 May 2021, via video conference, the Board of Directors approved the appointment of Simeon Ferrer as Chairman of the Corporate Governance Committee, replacing Mia Gentugaya. Ms. Gentugaya was elected as Chairperson of the Corporate Governance Committee in the organizational meeting of the Board of Directors on 17 May 2021.