BOARD OF DIRECTORS AND EXECUTIVE OFFICERS

Jose Eduardo J. Alarilla, Chairman of the Board

Jose Eduardo J. Alarilla has been a director of the Company since 2016 and assumed chairmanship of the Board of Directors of Apex Mining in September 2021. Mr. Alarilla holds key positions in other companies: Chairman of Mega Equipment International Corp.; Vice Chairman of Bloomberry Resorts Corporation, a publicly-listed company; President and CEO of Mega Subic Terminal Services, Inc.; and President of Manila Holdings and Management, Inc., LVHI, DEI, Eiffle House, Inc., Alpha Allied Holdings Ltd. and Sureste Properties, Inc. He is also a Director of Bloomberry Resorts and Hotels, Inc., MORE Electric and Power Corporation, Negros Electric and Power Corporation, Bohol Light Company Inc., Primelectric Holdings Inc., MORE and International Cleanvironment Systems, Inc. He holds a Bachelor of Science in Mechanical Engineering from De La Salle University and Masters in Business Management from the Asian Institute of Management.

Luis R. Sarmiento, ASEAN Eng., Director; President & CEO

Luis R. Sarmiento, ASEAN Eng. was elected as President & CEO of the Parent Company on 28 June 2019 (he was also elected as President of ISRI and MORE on the same day). He was appointed Senior EVP & COO on 01 October 2018. Prior to joining Apex Mining, Mr. Sarmiento was the president of Orica Explosives Philippines, Inc., a global publicly listed mining services company headquartered in Melbourne, Australia. He served Orica in various capacities for 34 years, rising from the ranks to become its highest-ranking Filipino officer. Mr. Sarmiento is also the president of the Philippine Mine Safety and Environment Association (PMSEA), an organization dedicated to furthering responsible mining through exemplary environment and safety practices. He first served as PMSEA’s president from 2008 to 2017. Mr. Sarmiento is a multi-awarded mining engineer: Outstanding Mapuan Awardee in the field of mining engineering of the Mapua Institute of Technology and the National Association of Mapua Alumni (2005); Outstanding Mining Engineer Awardee by the Philippine Society of Mining Engineers (2008); and, Outstanding Mining Engineer of the Year Awardee by the Professional Regulation Commission (2012). Mr. Sarmiento graduated from the Mapua Institute of Technology with a BS Mining Engineering degree (1979). In June 2006, he was accredited as an ASEAN Engineer by the ASEAN Federation of Engineering Organizations. He is also a Licensed Blaster Foreman (Philippine National Police Firearms and Explosives Division). He completed the Management Development Program of the Asian Institute of Management in 1997. Mr. Sarmiento is an honorary member of the Philippine Military Academy’s Maringal Class (1988)

Stephen A. Paradies, Director

Stephen A. Paradies has been a director of the Company since 2020. He is a Director of International Container Terminal Services, Inc. (ICTSI), a publicly listed company. He is also a Director of Sureste Properties Inc., ICTSI Warehousing, Inc. and Sociedad Puerto Industrial Aguadulce S.A. Mr. Paradies was formerly the Senior Vice President-Treasurer of Aboitiz & Company, Inc.; a Trustee of Bloomberry Cultural Foundation, Inc.; a Director of Union Properties, Inc.; Prime Metro BMD Corp., and Chairman of NapaGapa Beverages, Inc. MORE Electric and Power Corporation. Negros Electric and Power Corporation, Bohol Light Company Inc., and Primelectric Holdings Inc. Mr. Paradies received his Bachelor of Science degree, major in Business Management, from the Santa Clara University, California, USA.

Michael Ray B. Aquino, Director

Michael Ray B. Aquino was elected to the Board of Directors on 11 March 2022. He is the Vice President for Security of Bloomberry Resorts and Hotels Inc. with responsibility over facility security in Solaire Resort and Casino. He started as Deputy Director in 2013 and went up through the organization to his current position in 2019. He is actively involved in coordination and government relations relating to the corporate social responsibility projects of Bloomberry Cultural Foundation, Inc. He is a director of MORE Electric and Power Corporation. Mr. Aquino was an officer in the Philippine National Police (PNP) and its predecessor agency the Philippine Constabulary, after his graduation from the Philippine Military Academy (PMA) in 1988. Among the positions he held in the PNP was Chief Operations Division of the Presidential Anti-Organized Crime Task Force and Deputy Director of PNP Intelligence Group. Mr. Aquino has a Bachelor of Science from PMA, a Master in Government Management from the Pamantasan ng Lungsod ng Maynila, and has units towards Master of Business Management from the University of the Philippines in Visayas- Cebu. He attended the Anti-Corruption and Compliance Summit in Hong Kong, Dubai, and UAE from 2014 to 2015.

Roel Z. Castro, Director

Roel Z. Castro is the President and Chief Executive Officer of MORE Electric and Power Corporation, Negros Electric and Power Corporation, Bohol Light Company Inc., and Primelectric Holdings Inc.. Previously, he was the President and CEO of ABrown Company Inc. (ABCI), a publicly listed company, President of Palm Thermal Consolidated Holdings Corp., Palm Concepcion Power Corp., Peakpower Energy Inc. and Hydro Link Power Corp. He was also a director of the Company previously. He finished BSAgricultural Business from UP Los Baños and Master’s Degree at Asian Institute of Management.Mr. Castro was elected during the regular board meeting of Apex Mining on 12 July 2023.

Joselito H. Sibayan, Independent Director

Joselito H. Sibayan became Independent Director of the Company in June 2014. He is the President and CEO of Mabuhay Capital Corporation, a firm which provides financial advisory services and capital raising solutions to its clients. Prior to forming Mabuhay Capital, he was Vice-Chairman of Investment Banking-Philippines; Philippine Country Manager for Credit Suisse First Boston; and Director of Philippine Postal Savings Bank. He has spent almost three decades in investment banking. He is concurrently a Director of A Brown Company Inc., a publicly-listed company. He obtained his Masters degree from the University of California in Los Angeles and his BS Chemical Engineering from De La Salle University-Manila.

Valentino S. Bagatsing, Independent Director

Valentino S. Bagatsing became an Independent Director of the Company in 2019. He is the President and Chief Executive Officer of Investment & Capital Corporation of the Philippines (ICCP). He is an Independent Director of Oona Insular Insurance Corporation. He was previously a Principal Investment Officer for the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group. He worked at the World Bank group from June 2006 to April 2019. He has served various senior capacities in Investment, Mortgage and Commercial banking in the Philippines (1993-2006) and in the United States (1982-1992). A Certified Public Accountant, Mr. Bagatsing earned his MBA in Finance at the McLaren School of Business, University of San Francisco and his accounting degree at San Beda College, Manila. He is also a member of the Society of Fellows of the Institute of Corporate Directors (ICD) and the Financial Executives Institute of the Philippines (FINEX).

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