NOW Corporation announced that Atty. Marlou B. Ubano tendered his resignation as Independent Director of the Company effective 10 February 2021. Ramon Guillermo R. Tuazon and Winnita Ysog likewise tendered their resignations as members of the Board of the Company effective 10 February 2021. The said resignations are not due to any disagreement with NOW Corporation on any matter relating to the Company's operations, policies or practices. The Board of Directors at its 10 February 2021 Regular Meeting elected William T. Torres as new Independent Director to serve the unexpired portion of the term of Atty. Ubano. Mr. Francis Xavier L. Manglapus was likewise elected as new director to replace and serve the unexpired portion of the term of Winnita V. Ysog. The Company will make further disclosure as soon as Tuazon's replacement as member of the Board is determined.