SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Oct 23, 2023

2. SEC Identification Number

CS200315877

3. BIR Tax Identification No.

226-527-915

4. Exact name of issuer as specified in its charter

METRO RETAIL STORES GROUP, INC.

5. Province, country or other jurisdiction of incorporation

Cebu, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Vicsal Building, corner of C.D. Seno and W.O. Seno Sts., Guizo, North Reclamation Area, Mandaue City, Cebu Postal Code 6014

8. Issuer's telephone number, including area code

(032) 236-8390

9. Former name or former address, if changed since last report

-

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	3,249,308,000

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Metro Retail Stores Group, Inc.MRSGI

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
1. Election of Replacement Independent Director of Metro Retail Stores Group, Inc. (the "Company") 2. Election of Non-Executive Director of the Company
Background/Description of the Disclosure
In a Special Board Meeting of the Company held on October 23, 2023, the following individuals were unanimously elected as new Directors of the Company effective on October 23, 2023, until the next Annual Stockholders' Meeting: 1. Medel T. Nera - Independent Director to replace the late Guillermo L. Parayno, Jr. 2. Sherisa P. Nuesa - Non-Executive Director In the same meeting, Mr. Nera was also elected as Chair of the Audit and Risk Committee, and Member of the Corporate Governance Commitee. Ms. Nuesa was also elected as a Member of the Investment Committee.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
-	-	-	-

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Medel T. Nera	Independent Director, Chairman of Audit and Risk Committee, and Member of Corporate Governance Committee	October 23, 2023	October 23, 2023	1	0	N/A
Sherisa P. Nuesa	Director, and Member of Investment Committee	October 23, 2023	October 23, 2023	920,001	0	N/A

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information
Please see attached disclosures: 1. SEC Form 17-C 2. Mr. Nera's Resume 3. Ms. Nuesa's Resume