On November 6, 2018, Juan Carlos Vilarño resigned for personal reasons from the Board of Directors of Tecnoglass Inc. On the same date, the company’s Board of Directors appointed Luis Fernando Castro Vergara to fill the vacancy caused by Mr. Vilariño’s resignation. Mr. Castro Vergara was also appointed to the company’s compensation committee. Since 2017, Mr. Castro Vergara has been serving as a fund manager in the agroindustry sector and overseeing his investments in the construction, infrastructure and agroindustry sectors.