RFM Corporation announced that in its regular meeting held on 10 October 2023, the Board of Directors of the company has approved, adopted and ratified the following: Election of Mr. Emmanuel O. Bautista as Independent Director to replace Mr. Romeo L. Bernardo and Mr. Bautista's appointment as Member of the Corporate Governance Committee, effective October 10, 2023; Appointment of Ms. Lilia R. Bautista as Chairwoman of the Corporate Governance Committee, effective October 10, 2023 to replace Mr. Romeo L. Bernardo; Appointment of Mr. Ernest Fritz D. Server as Chairman of the Compensation Committee, effective October 10, 2023 to replace Mr. Romeo L. Bernardo.