ISM COMMUNICATIONS CORPORATION announced that during the special meeting of the Board of Directors held on April 8, 2019, the Board accepted the resignations of Alberto M. Montilla, Roberto V. San Jose, Rafael B. Ortigas, and Jesus S. Jalandoni, Jr. These directors were replaced by Ignacia S. Braga IV, Ma. Concepcion F. De Claro, and Raouf Kizilbash. The Board also replaced all officers of the Company and replaced them with Dennis A. Uy as Chairman, President and Chief Executive Officer, Cherylyn C. Uy as Treasurer, Ignacia S. Braga IV as Chief Finance Officer.

The company announced resignation of Eric O. Recto as Chairman and Chief Executive Officer, Jovita D.S. Larrazabal as Corporate Secretary and Justinne D. De Luzuriaga as Acting Treasurer. All changes are effective April 8, 2019. The Executive Committee members were also changed to: Mr. Dennis A. Uy (Chairman), Chreylyn C. Uy, and Raouf Kizilbash.

The Audit Committee members were also changed to: Mr. Gregorio T. Yu (Chairman) and Luis Benitez. The Corporate Governance Committee members were changed to: Mr. Luis Benitez (Chairman) and Gregorio T. Yu.