During the special meeting of the Board of Directors of City & Land Developers, Incorporated held on December 7, 2021, Mr. Stephen C. Roxas signified his intention of retiring as Director of City & Land Developers, Incorporated. (the Company). The Board noted the retirement of Mr. Stephen C. Roxas. Due to the outstanding service and invaluable leadership that he provided to the Company, the Board appointed him as Emeritus Board Member. Further to the retirement of Mr. Stephen Roxas from the Board, Mr. Jefferson Roxas was appointed as member of the Board of Directors to serve the unexpired term of Mr. Stephen C. Roxas. Mr. Jefferson C. Roxas has been with the Cityland Group of Companies since 2004. He graduated with a Bachelor of Science in Management at the Ateneo de Manila University in 2003. He is also a Partner of Vision Properties Development Corporation since 2010. Prior to joining the Company, Mr. Jefferson Roxas worked as an Assistant Marketing Researcher at TNS Global Inc.