Megaworld Corporation at the organizational meeting held on August 24, 2020, approved the election of Jennifer L. Romualdez as Head of Operations Management and election of Rolando D. Siatela as Assistant Corporate Secretary. The company also approved the election of board committees: Executive Committee: Andrew L. Tan ­ Chairman; Kingson U. Sian and Cresencio P. Aquino as members of Executive Committee. Audit Committee: Jesus B. Varela (Independent Director) - Chairman; Cresencio P. Aquino (Independent Director) and Andrew L. Tan as members of Audit Committee. Corporate Governance Committee: Cresencio P. Aquino (Independent Director) - Chairman; Roberto S. Guevara (Independent Director) and Jesus B. Varela (Independent Director) as member of Corporate Governance Committee. Board Risk Oversight Committee: Cresencio P. Aquino (Independent Director) - Chairman; Roberto S. Guevara (Independent Director) and Enrique Santos L. Sy as member of Board Risk Oversight Committee. Related Party Transaction Committee: Cresencio P. Aquino (Independent Director) - Chairman; Roberto S. Guevara (Independent Director) and Enrique Santos L. Sy as member of Related Party Transaction Committee.