Board of Directors and Executive Officers

Edgar B. Saavedra is the Chairman of Citicore Energy REIT Corp. He is also the Chairman of CPI and CREC. Mr. Saavedra is the founder of Megawide Construction Corporation (“Megawide”) where holds the positions of Director, Chairman of the Board, Chairman of the Executive Committee; and Member of the Board Risk Oversight Committee.

He is also the Chairman of the Board of MWM Terminals, Inc. (“MWMTI”), Megawide Terminals, Inc. (“MTI”), Altria East Land Inc. (“Altria”), PH1 World Developers, Inc. (“PH1”), Cebu2World Development, Inc. (“Cebu2World”), Citicore Infrastructure Holdings, Inc. (“CIHI”), Citicore-Megawide Consortium, Inc. (“CMCI”), Megawide Land, Inc. (“MLI”), and Wide-Horizons Inc. (“Wide-Horizons”). Moreover, he is a Director and President of Citicore Holdings Investment Inc. (“CHII”), a Trustee and Vice President of Megawide Corporate Foundation, Inc. (“MCFI”), and a Director of GMR Megawide Cebu Airport Corporation (“GMCAC”), and GlobeMerchants, Inc. (“GMI”).

Mr. Saavedra’s engineering experience spans over 20 years. He received his Bachelor’s degree in Engineering from De La Salle University. After obtaining his license as a Civil Engineer, he pursued special studies in Foundation Formworks in Germany, through the Philippine Institute of Civil Engineers.