Integrated Micro-Electronics, Inc. informed that at its regular meeting held on November 24, 2023, its Board of Directors approved, as endorsed by company's Corporate Governance and Nomination Committee, the resignation of Mr. Delfin L. Lazaro as company's Director and Chairman of the Board due to personal circumstances. Company's Board likewise approved the appointment of Mr. Alberto M. de Larrazabal, one of company's incumbent directors, as company's Chairman of the Board vice Mr. Lazaro. The resulting vacancy in company's Board shall be filled-up in due course.