CGSI CGS International Inc (CE)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Mr. Virgilio Acuna as Member of the Board of Directors

On December 20, 2021, CGS International, Inc. (the “Company”) ratified and appointed Mr. Virgilio Acuna to serve as the Independent Chairman of the Company’s Board of Directors until the next annual meeting of the Corporation or until his respective successor is duly appointed. The Board has also determined that Mr. Acuna is an “independent director” as defined by Rule 4200(a)(15) of the Marketplace Rules of The Nasdaq Stock Market, Inc.

Biography - Mr. Virgilio Acuna

Mr. Virgilio Acuna – Mr. Acuna most recent position prior to his retirement in 2019, was that of Department of Agrarian Reform - Regional Director, Admin Service Director, Director IV, Career Executive Officer where he served for some 21 years. During his tenure with the Department of Agrarian Reform, Mr. Acuna was the Head of several DAR regional offices and Head of Administrative Services handling Personnel, Procurement, General Services and Records. Prior to that Mr. Acuna served at Western Samar Agricultural Resources Development Program – Department of Agriculture. He was a Project Manager for a poverty alleviation Agri -Development Project funded by European Union in the Philippines. During his career, Mr. Acuna has, among other things, prepared feasibility studies for cooperative-based agricultural enterprises, facilitated start-up operations, actual management, production, and marketing towards profitability and eventual turn-over to cooperatives, reviewed and approved livelihood based agri-based enterprise proposals of cooperatives, prepared agri-industrial project proposals to be used as templates for joint venture undertakings for small and medium enterprises. He also devoted a substantial amount of his time to assisting Philippine NGOs seeking social development, grassroots undertakings for poverty alleviation through enterprise development. Mr. Acuna received his AB in Economics from the University of the Philippines in 1976.

Mr. Acuna has no family relationship with any director or executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company. There are no related party transactions as of the date hereof between Mr. Acuna and the Company that would require disclosure under Item 404(a) of Regulation S-K.