 
     
    The Board of Directors, management, employees, and shareholders of PetroEnergy Resources Corporation (PERC) acknowledge that good corporate governance is vital to ensuring the sustainable growth and profitability of the company. In view of this, the Company has established and is adhering to corporate governance rules that are aligned with the Revised Code of Corporate Governance issued by the Securities and Exchange Commission (SEC) through SEC Memorandum Circular No. 6, Series of 2009. These rules are included in our Manual on Corporate Governance.
PetroEnergy is steered by a set of highly-esteemed and experienced Board of Directors who are considered experts in their own respective fields.
 
         
    
        Mrs. Helen Yuchengco Dee serves as the Chief Executive Officer and President at Hydee Management & Resources
        Inc., Promotions Personalized Inc., Tameena Resources Inc. and International Holding Management Inc.
        
        
        Mrs. Dee served as an Interim Chief Executive Officer and President of Rizal Commercial Banking Corporation
        since March 23, 2016. She serves as the President of Moira Management Inc., HI-Daiei Trading Co. Inc., and YGC
        Corporate Services Inc. She serves as the President of Grepalife Fixed Income Fund Corp., Grepalife Asset
        Management Corp. and Equitas Insurance Brokers Inc.
      
 
    
        Ms. Milagros V. Reyes serves as the Chief Executive Officer and Chief Operating Officer of Petroenergy Resources
        Corp. and has been its President since 1998.
        
        
        Ms. Reyes has been the President at Seafront Resources Corporation since 1999 and serves as its Chief Executive
        Officer. She serves as a Vice President of Operations of Mapua Institute of Technology. She served as the
        President of iPeople, lnc. She previously served as Senior Vice President of Basic Petroleum and Minerals
        Corporation. She has been a Director of Petroenergy Resources Corp., since 1998 and iPeople Inc. since 2004. She
        has been a Director at Seafront Resources Corp., since 1998. She served as a Director of PNOC-Exploration Corp.
        since June 10, 2003.
      
 
    
        Ms. Yvonne S. Yuchengco has been a Treasurer of PetroEnergy Resources Corp. since September 26, 2007 and also
        serves as a Treasurer at Pan Malayan Management, Investments Corp., Honda Cars Kalookan Inc., Filipinas
        Magazine, Honda Cars Quezon City and Honda Cars Kaloocan City.
        
        
        Ms. Yuchengco serves as the President at First Nationwide Assurance Corp., Malayan Insurance Co. Inc. and MICO
        Equities Inc. Ms. Yuchengco serves as the President at RCBC LAND, INC.
      
 
    
        Mr. Lorenzo V. Tan is currently serving as the President and CEO of House of Investments, Inc. of the Yuchengco
        Group of Companies. He holds the Vice Chairmanship of the Pan Malayan Management and Investment Corporation
        (PMMIC) and other leading firms. He was the former President of the Banker's Association of the Philippines, and
        Chairman of the Asian Bankers Association.
        
        
        Tan is also the former President and CEO of Rizal Commercial Banking Corporation. Prior to that, he also served
        as the President and CEO of the largest life insurer in the Philippines, Sun Life of Canada (Philippines), Inc.
      
 
    
        Cesar A. Buenaventura, O.B.E., is the Managing Partner of Buenaventura, Echauz and Partners (BEP) Financial
        Services, a financial advisory firm.
        
        
        He graduated from the University of the Philippines with a Bachelor of Science degree in Civil Engineering. He
        received his Master's degree in Civil Engineering majoring in Structures from Lehigh University, Bethlehem,
        Pennsylvania in 1954, as a Fulbright scholar.
      
 
    
        Eliseo B. Santiago serves as the Chairman of Clark Development Corporation. Eliseo B. Santiago has been an
        Independent Director at PetroEnergy Resources Corp. since 2013.
        
        
        He serves as an Independent Director of Supply Oilfield Services, Inc.
      
 
    
        Mr. Carlos G. Dominguez served as the Secretary of the Department of Finance from 2016 to 2022. With over 40
        years of experience, Mr. Dominguez held key positions in various public and private sectors.
        
        
        He was a Cabinet Secretary during the Presidency of Corazon Aquino and served as Minister of Environment and
        Natural Resources and Agriculture. He was also Chairman and Director of RCBC Capital Corp. and Director of
        Northern Mindanao Power Corp., and of Meralco.
        
        
        Mr. Dominguez has a Master’s Degree in Business Management from Ateneo De Manila University and attended the
        Executive Management Program at the Stanford University., Inc.
      
 
         
    
        Mrs. Helen Yuchengco Dee serves as the Chief Executive Officer and President at Hydee Management & Resources
        Inc., Promotions Personalized Inc., Tameena Resources Inc. and International Holding Management Inc.
        
        
        Mrs. Dee served as an Interim Chief Executive Officer and President of Rizal Commercial Banking Corporation
        since March 23, 2016. She serves as the President of Moira Management Inc., HI-Daiei Trading Co. Inc., and YGC
        Corporate Services Inc. She serves as the President of Grepalife Fixed Income Fund Corp., Grepalife Asset
        Management Corp. and Equitas Insurance Brokers Inc.
      
 
    
        Ms. Milagros V. Reyes serves as the Chief Executive Officer and Chief Operating Officer of Petroenergy Resources
        Corp. and has been its President since 1998.
        
        
        Ms. Reyes has been the President at Seafront Resources Corporation since 1999 and serves as its Chief Executive
        Officer. She serves as a Vice President of Operations of Mapua Institute of Technology. She served as the
        President of iPeople, lnc. She previously served as Senior Vice President of Basic Petroleum and Minerals
        Corporation. She has been a Director of Petroenergy Resources Corp., since 1998 and iPeople Inc. since 2004. She
        has been a Director at Seafront Resources Corp., since 1998. She served as a Director of PNOC-Exploration Corp.
        since June 10, 2003.
      
 
    
        Ms. Yvonne S. Yuchengco has been a Treasurer of PetroEnergy Resources Corp. since September 26, 2007 and also
        serves as a Treasurer at Pan Malayan Management, Investments Corp., Honda Cars Kalookan Inc., Filipinas
        Magazine, Honda Cars Quezon City and Honda Cars Kaloocan City.
        
        
        Ms. Yuchengco serves as the President at First Nationwide Assurance Corp., Malayan Insurance Co. Inc. and MICO
        Equities Inc. Ms. Yuchengco serves as the President at RCBC LAND, INC.
      
 
    
        Mr. Lorenzo V. Tan is currently serving as the President and CEO of House of Investments, Inc. of the Yuchengco
        Group of Companies. He holds the Vice Chairmanship of the Pan Malayan Management and Investment Corporation
        (PMMIC) and other leading firms. He was the former President of the Banker's Association of the Philippines, and
        Chairman of the Asian Bankers Association.
        
        
        Tan is also the former President and CEO of Rizal Commercial Banking Corporation. Prior to that, he also served
        as the President and CEO of the largest life insurer in the Philippines, Sun Life of Canada (Philippines), Inc.
      
 
    
        Cesar A. Buenaventura, O.B.E., is the Managing Partner of Buenaventura, Echauz and Partners (BEP) Financial
        Services, a financial advisory firm.
        
        
        He graduated from the University of the Philippines with a Bachelor of Science degree in Civil Engineering. He
        received his Master's degree in Civil Engineering majoring in Structures from Lehigh University, Bethlehem,
        Pennsylvania in 1954, as a Fulbright scholar.
      
 
    
        Eliseo B. Santiago serves as the Chairman of Clark Development Corporation. Eliseo B. Santiago has been an
        Independent Director at PetroEnergy Resources Corp. since 2013.
        
        
        He serves as an Independent Director of Supply Oilfield Services, Inc.
      
 
    
        Mr. Carlos G. Dominguez served as the Secretary of the Department of Finance from 2016 to 2022. With over 40
        years of experience, Mr. Dominguez held key positions in various public and private sectors.
        
        
        He was a Cabinet Secretary during the Presidency of Corazon Aquino and served as Minister of Environment and
        Natural Resources and Agriculture. He was also Chairman and Director of RCBC Capital Corp. and Director of
        Northern Mindanao Power Corp., and of Meralco.
        
        
        Mr. Dominguez has a Master’s Degree in Business Management from Ateneo De Manila University and attended the
        Executive Management Program at the Stanford University., Inc.
      
 
         
    
        Mrs. Helen Yuchengco Dee serves as the Chief Executive Officer and President at Hydee Management & Resources
        Inc., Promotions Personalized Inc., Tameena Resources Inc. and International Holding Management Inc.
        
        
        Mrs. Dee served as an Interim Chief Executive Officer and President of Rizal Commercial Banking Corporation
        since March 23, 2016. She serves as the President of Moira Management Inc., HI-Daiei Trading Co. Inc., and YGC
        Corporate Services Inc. She serves as the President of Grepalife Fixed Income Fund Corp., Grepalife Asset
        Management Corp. and Equitas Insurance Brokers Inc.
      
 
    
        Ms. Milagros V. Reyes serves as the Chief Executive Officer and Chief Operating Officer of Petroenergy Resources
        Corp. and has been its President since 1998.
        
        
        Ms. Reyes has been the President at Seafront Resources Corporation since 1999 and serves as its Chief Executive
        Officer. She serves as a Vice President of Operations of Mapua Institute of Technology. She served as the
        President of iPeople, lnc. She previously served as Senior Vice President of Basic Petroleum and Minerals
        Corporation. She has been a Director of Petroenergy Resources Corp., since 1998 and iPeople Inc. since 2004. She
        has been a Director at Seafront Resources Corp., since 1998. She served as a Director of PNOC-Exploration Corp.
        since June 10, 2003.
      
 
    
        Ms. Yvonne S. Yuchengco has been a Treasurer of PetroEnergy Resources Corp. since September 26, 2007 and also
        serves as a Treasurer at Pan Malayan Management, Investments Corp., Honda Cars Kalookan Inc., Filipinas
        Magazine, Honda Cars Quezon City and Honda Cars Kaloocan City.
        
        
        Ms. Yuchengco serves as the President at First Nationwide Assurance Corp., Malayan Insurance Co. Inc. and MICO
        Equities Inc. Ms. Yuchengco serves as the President at RCBC LAND, INC.
      
 
    
        Mr. Lorenzo V. Tan is currently serving as the President and CEO of House of Investments, Inc. of the Yuchengco
        Group of Companies. He holds the Vice Chairmanship of the Pan Malayan Management and Investment Corporation
        (PMMIC) and other leading firms. He was the former President of the Banker's Association of the Philippines, and
        Chairman of the Asian Bankers Association.
        
        
        Tan is also the former President and CEO of Rizal Commercial Banking Corporation. Prior to that, he also served
        as the President and CEO of the largest life insurer in the Philippines, Sun Life of Canada (Philippines), Inc.
      
 
    
        Cesar A. Buenaventura, O.B.E., is the Managing Partner of Buenaventura, Echauz and Partners (BEP) Financial
        Services, a financial advisory firm.
        
        
        He graduated from the University of the Philippines with a Bachelor of Science degree in Civil Engineering. He
        received his Master's degree in Civil Engineering majoring in Structures from Lehigh University, Bethlehem,
        Pennsylvania in 1954, as a Fulbright scholar.
      
 
    
        Eliseo B. Santiago serves as the Chairman of Clark Development Corporation. Eliseo B. Santiago has been an
        Independent Director at PetroEnergy Resources Corp. since 2013.
        
        
        He serves as an Independent Director of Supply Oilfield Services, Inc.
      
 
    
        Mr. Carlos G. Dominguez served as the Secretary of the Department of Finance from 2016 to 2022. With over 40
        years of experience, Mr. Dominguez held key positions in various public and private sectors.
        
        
        He was a Cabinet Secretary during the Presidency of Corazon Aquino and served as Minister of Environment and
        Natural Resources and Agriculture. He was also Chairman and Director of RCBC Capital Corp. and Director of
        Northern Mindanao Power Corp., and of Meralco.
        
        
        Mr. Dominguez has a Master’s Degree in Business Management from Ateneo De Manila University and attended the
        Executive Management Program at the Stanford University., Inc.
      
 
         
    
        Mrs. Helen Yuchengco Dee serves as the Chief Executive Officer and President at Hydee Management & Resources
        Inc., Promotions Personalized Inc., Tameena Resources Inc. and International Holding Management Inc.
        
        
        Mrs. Dee served as an Interim Chief Executive Officer and President of Rizal Commercial Banking Corporation
        since March 23, 2016. She serves as the President of Moira Management Inc., HI-Daiei Trading Co. Inc., and YGC
        Corporate Services Inc. She serves as the President of Grepalife Fixed Income Fund Corp., Grepalife Asset
        Management Corp. and Equitas Insurance Brokers Inc.
      
 
    
        Ms. Milagros V. Reyes serves as the Chief Executive Officer and Chief Operating Officer of Petroenergy Resources
        Corp. and has been its President since 1998.
        
        
        Ms. Reyes has been the President at Seafront Resources Corporation since 1999 and serves as its Chief Executive
        Officer. She serves as a Vice President of Operations of Mapua Institute of Technology. She served as the
        President of iPeople, lnc. She previously served as Senior Vice President of Basic Petroleum and Minerals
        Corporation. She has been a Director of Petroenergy Resources Corp., since 1998 and iPeople Inc. since 2004. She
        has been a Director at Seafront Resources Corp., since 1998. She served as a Director of PNOC-Exploration Corp.
        since June 10, 2003.
      
 
    
        Ms. Yvonne S. Yuchengco has been a Treasurer of PetroEnergy Resources Corp. since September 26, 2007 and also
        serves as a Treasurer at Pan Malayan Management, Investments Corp., Honda Cars Kalookan Inc., Filipinas
        Magazine, Honda Cars Quezon City and Honda Cars Kaloocan City.
        
        
        Ms. Yuchengco serves as the President at First Nationwide Assurance Corp., Malayan Insurance Co. Inc. and MICO
        Equities Inc. Ms. Yuchengco serves as the President at RCBC LAND, INC.
      
 
    
        Mr. Lorenzo V. Tan is currently serving as the President and CEO of House of Investments, Inc. of the Yuchengco
        Group of Companies. He holds the Vice Chairmanship of the Pan Malayan Management and Investment Corporation
        (PMMIC) and other leading firms. He was the former President of the Banker's Association of the Philippines, and
        Chairman of the Asian Bankers Association.
        
        
        Tan is also the former President and CEO of Rizal Commercial Banking Corporation. Prior to that, he also served
        as the President and CEO of the largest life insurer in the Philippines, Sun Life of Canada (Philippines), Inc.
      
 
    
        Cesar A. Buenaventura, O.B.E., is the Managing Partner of Buenaventura, Echauz and Partners (BEP) Financial
        Services, a financial advisory firm.
        
        
        He graduated from the University of the Philippines with a Bachelor of Science degree in Civil Engineering. He
        received his Master's degree in Civil Engineering majoring in Structures from Lehigh University, Bethlehem,
        Pennsylvania in 1954, as a Fulbright scholar.
      
 
    
        Eliseo B. Santiago serves as the Chairman of Clark Development Corporation. Eliseo B. Santiago has been an
        Independent Director at PetroEnergy Resources Corp. since 2013.
        
        
        He serves as an Independent Director of Supply Oilfield Services, Inc.
      
 
    
        Mr. Carlos G. Dominguez served as the Secretary of the Department of Finance from 2016 to 2022. With over 40
        years of experience, Mr. Dominguez held key positions in various public and private sectors.
        
        
        He was a Cabinet Secretary during the Presidency of Corazon Aquino and served as Minister of Environment and
        Natural Resources and Agriculture. He was also Chairman and Director of RCBC Capital Corp. and Director of
        Northern Mindanao Power Corp., and of Meralco.
        
        
        Mr. Dominguez has a Master’s Degree in Business Management from Ateneo De Manila University and attended the
        Executive Management Program at the Stanford University., Inc.
      
 
         
         
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