During the Board Meeting of STI Education Systems Holdings, Inc. held on 20 September 2019, the Board accepted the resignation of Justice Presbitero J. Velasco, Jr. as Independent Director and elected Dr. Ma. Leonora Vasquez-De Jesus as Independent Director. Dr. Vasquez-De Jesus will serve the unexpired term of Justice Velasco. The Board also elected Mr. Raymond N. Alimurung as the fourth Independent Director. Leonora Vasquez-De Jesus worked in Banco de Oro Leasing and Finance, Inc. as Independent Director from May 2008 to present. Raymond N. Alimurung worked in Lazada Philippines as Chief Executive Officer from June 2018 to present.