During its regular meeting held on July 7, 2023, the Board of Directors of Aboitiz Equity Ventures Inc. approved the following appointments: Ms. Connie G. Chu as Senior Vice President - Chief Legal and Compliance Officer /Corporate Secretary. Effective July 15, 2023, Ms. Connie G. Chu will assume the role of the Company's Senior Vice President - Chief Legal and Compliance Officer /Corporate Secretary. She will replace Mr. Manuel Albert R. Colayco, AEV's current Senior Vice President - Chief Legal and Compliance Officer /Corporate Secretary, who will continue the same role in Aboitiz Power Corporation.

Ms. Chu, Filipino, 47 years old, has more than 20 years of legal experience in the areas of regulatory compliance, corporate governance, capital markets, finance, and mergers and acquisitions in various industries in multiple jurisdictions in Asia and the US. Prior to joining the Aboitiz Group, Ms. Chu provided legal advice, representation, and transactional assistance to governments, state-owned enterprises, and private and public companies. She was a registered foreign lawyer at Cleary Gottlieb Steen & Hamilton in New York then Hong Kong from 2008 to 2022 and an associate at Romulo Mabanta Buenaventura Sayoc & De Los Angeles from 2003 to 2007.

Ms. Chu obtained her Master in Corporate Laws degree with distinction from the New York University School of Law, U.S.A, and a juris doctor degree with high honors (Class Salutatorian) from the Ateneo de Manila University. She graduated magna cum laude with an undergraduate degree in Political Science from the University of San Carlos. She was a bar topnotcher, ranking 2nd in the 2002 Philippine Bar Exams. Ms. Chu is a member in good standing of the Integrated Bar of the Philippines and the New York State Bar.

She is not connected with any government agency or instrumentality. She is also not a director of any publicly listed company. Ms. Christine C. Kempeneers as Assistant Vice President - Risk Management Head /Data Protection Officer Effective July 7, 2023, Ms. Christine C. Kempeneers will assume an expanded role as Risk Management Head in addition to her existing appointment as the Company's Data Protection Officer.

Ms. Kempeneers will replace Ms. Santanina Apolinaria B. Castro, who will take on a new role in the Company's Human Resources Department. Ms. Christine C. Kempeneers, 34 years old, Filipino, was appointed as AEV's Data Protection Officer on August 1, 2020. Prior to her appointment as Risk Management Head, Ms. Kempeneers was Assistant Vice President for Risk Management since April 1, 2019.

Risk Manager for the Risk Management Team of AEV from August 2017 to March 2019. She was Project Manager of Aboitiz InfraCapital, Inc., AEV's infrastructure Strategic Business Unit, from January 2016 to July 2017. Prior to joining the Aboitiz Group, Ms. Kempeneers was a Management Associate at Citibank in 2015, and a Management Trainee - Manager at Union Bank of the Philippines from 2010 to 2013.

Ms. Kempeneers holds a Master of Business Administration, Major in Finance (with Distinction) from the Asian Institute of Management. She obtained her Bachelor of Arts Degree in European Studies, International Business Track from the Ateneo de Manila University. Ms. Kempeneers is a PARIMA-ANZIIF Certified Risk Professional, a Crisis Management Certified Expert from the BCM Institute, a Sustainability and Climate Risk Certification from the Global Association of Risk Professionals, and a Certification from the International Association of Privacy Professionals.

Ms. Kempeneers is not connected with any government agency or instrumentality. She is not a director of any publicly-listed company.