ms. justina f. callangan director, corporate finance

25
January 10, 2011 Ms. Justina F. Callangan Director, Corporate Finance Department Securities & Exchange Commission EDSA, Greenhills Mandaluyong City Janet A. Encarnacion Head, Disclosure Department Philippine Stock Exchange PSE Center, Exchange Road Ortigas, Pasig City Madam/Sir: Pursuant to the rules, we would like to submit herein the report of our stock transfer agent on the Top Stockholders of our company in relation to the detailed report submitted and obtained from the Philippine Depository Trust Corp. (PDTC) Thank you and best regards. Very truly yours, Atty. Socorro Ermac Cabreros Corporate Secretary

Upload: others

Post on 20-Oct-2021

7 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Ms. Justina F. Callangan Director, Corporate Finance

January 10, 2011 Ms. Justina F. Callangan Director, Corporate Finance Department Securities & Exchange Commission EDSA, Greenhills Mandaluyong City Janet A. Encarnacion Head, Disclosure Department Philippine Stock Exchange PSE Center, Exchange Road Ortigas, Pasig City Madam/Sir: Pursuant to the rules, we would like to submit herein the report of our stock transfer agent on the Top Stockholders of our company in relation to the detailed report submitted and obtained from the Philippine Depository Trust Corp. (PDTC) Thank you and best regards. Very truly yours, Atty. Socorro Ermac Cabreros Corporate Secretary

Page 2: Ms. Justina F. Callangan Director, Corporate Finance

COMPANY NAME : PHOENIX PETROLEUM PHILS., INC.LIST OF ALL STOCKHOLDERSAs Of December 31, 2010

OUTSTANDING & OUTSTANDING & TOTAL PERCENTAGEISSUED SHARES ISSUED SHARES HOLDINGS TO

STOCKHOLDER'S NAME (FULLY PAID) (PARTIALLY PAID) (SUBSCRIBED) TOTAL NATIONALITY ADDRESS

PHOENIX PETROLEUM HOLDINGS INC. 200018000 0 200018000 53.07982004 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (FILIPINO) 104494192 0 104494192 27.73016882 FILIPINO 37/F TOWER I, THE ENTERPRISE CENTER, 6766 AYALA AVE., COR PASEO DE ROXASUDENNA CORPORATION (FORMERLY: UDENNA HOLDINGS CORPORATION) 50322986 0 50322986 13.3544733 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000UDENNA MANAGEMENT & RESOURCES CORP. 12740000 0 12740000 3.380880257 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (NON-FILIPINO) 3576132 0 3576132 0.949016803 OTHERS 37/F TOWER I, THE ENTERPRISE CENTER 6766 AYALA AVE. COR. PASEO DE ROXAS,ANA GO &/OR GO KIM PA 1680000 0 1680000 0.445830364 FILIPINO 4/F GOITI BLDG. #15 MUELLE DE BANCO NACIONAL, PLAZA LACSON , STA. CRUZDENNIS A. UY 1574664 0 1574664 0.4178768 FILIPINO PENTHOUSE B, VALERO TOWER, 122 VALERO ST., SALCEDO VILLAGE,UDENCO CORPORATION 636997 0 636997 0.169043217 FILIPINO STELLA HIZON REYES ROAD BO. PAMPANGA, LANANGDENNIS A. UY &/OR CHERYLYN C. UY 433160 0 433160 0.114949929 FILIPINO PHOENIX BULK DEPOT LANANG, DAVAO CITY 8000DOMINGO T. UY 254801 0 254801 0.067617871 FILIPINO MISAMIS ST. INSULAR VILLAGE, PHASE II LANANG, DAVAO CITY 8000EDGARDO ALVARADO ALERTA 216720 0 216720 0.057512117 FILIPINO 1037-I ARELLANO EXT., DAVAO CITY 8000 JOSE MANUEL ROQUE QUIMSON 140000 0 140000 0.03715253 FILIPINO 26F FORT LEGEND TOWERS 3RD AVE COR 31ST ST. FORT BONIFACIO GLOBAL CITY TAGUIGROMEO B. MOLANO 94696 0 94696 0.025129971 FILIPINO 7/F QUAD PLAZA CENTRUM, 125 PIONEER ST. MANDALUYONG CITY 1550EMMANUEL M. CABUSAO 74480 0 74480 0.019765146 FILIPINO 109 FERRER ST. ANNEX 1618, LEVI TOWN BETTER LIVING, PARANAQUE 1711CRISTINA C. PERTIERRA ITF MICHAEL PERTIERRA 67200 0 67200 0.017833215 FILIPINO 114 BAGONG SILANG, CALATAGAN, BATANGAS ZENAIDA CHAN UY 58800 0 58800 0.015604063 FILIPINO 305 MISAMIS STREET, WEST INSULAR VILLAGE PHASE 2, DAVAO CITY 8000REBECCA PILAR CLARIDAD CATERIO 58562 0 58562 0.015540903 FILIPINO 65 WEST SQUARE ST. MARGARITA VILLAGE BAJADA, DAVAO CITY 8000ORLANDO LANSANGAN 50960 0 50960 0.013523521 FILIPINO BLOCK 8, LOT 1 VS HOMES SUBDIVISION GENERAL SANTOS CITY 9500SOCORRO ERMAC CABREROS 40741 0 40741 0.010811652 FILIPINO 223 V. MAPA ST. DAVAO CITY 8000 ALBERTO D. ALCID 40740 0 40740 0.010811386 FILIPINO DONA SOCORRO ST. BELISARIO HTS. SUBD. LANANG, DAVAO CITY 8000IGNACIA SYJUCO BRAGA IV 28000 0 28000 0.007430506 FILIPINO KM 14.5 DAVAO-BUKIDNON RD., MINTAL DAVAO CITY 8000CHRYSS ALFONSUS V. DAMUY 28000 0 28000 0.007430506 FILIPINO PH2 BLK 07 LOT 07, WELLSPRING HIGHLANDS SUBD. CATALUNAN PEQUE—O DAVAO CITY 8000ROMEO BALTAZAR DE GUZMAN 28000 0 28000 0.007430506 FILIPINO LOT 6 BLK 2 BRIGHTON ST. HILLSBOROUGH ALABANG VILLAGE, MUNTINLUPA CITYGIGI QUEJADA FUENSALIDA 28000 0 28000 0.007430506 FILIPINO 155 BRILLANTES ST. 5TH AVE., CALOOCAN CITY 1405ALEJANDRO UMALAY SUAN 28000 0 28000 0.007430506 FILIPINO PHOENIX BULK DEPOT PPPI, LANANG DAVAO CITY 8000RODOLFO B. APILADO 21000 0 21000 0.00557288 FILIPINO 1045-2A JACINTO EXT., DAVAO CITY 8000 ROQUE A. LIM 15288 0 15288 0.004057056 FILIPINO SM BLDG. D, MOA COMPLEX, PASAY CITY REYNALDO A. PHALA 14000 0 14000 0.003715253 FILIPINO BLOCK 5 LOT 20 PIONEERS VILLAGEMELVIN JOHN NITE SEDANO 14000 0 14000 0.003715253 FILIPINO 25F FORT LEGEND TOWER, 3RD AVE. COR. 31ST ST. FORT BONIFACIO, TAGUIG 1634STEPHEN T. TEO &/OR TERESITA R. TEO 12740 0 12740 0.00338088 FILIPINO 23 DJAKARTA STREET, BF HOMES PARANAQUE CITYBERNARDITA P. BAUTISTA 10192 0 10192 0.002704704 FILIPINO 2 PALMA ST., XAVIERVILLE I QUEZON CITY 1108LEILANI C. DIAZ 7000 0 7000 0.001857627 FILIPINO 35 GOV. GENEROSO ST. BO. OBRERO DAVAO CITY 5000JOSE A. FERRIOLS &/OR EDUARDO A. FERRIOLS 7000 0 7000 0.001857627 FILIPINO 210 IPIL ST., NORTHWEST DRIVE, MARIKINA HEIGHTS, MARIKINA CITY 1810MERCEDES PATRICIA D. PARDO 5096 0 5096 0.001352352 FILIPINO 40 POLK ST., NORTH GREENHILLS SAN JUAN, METRO MANILA 1503DULCE MARIA S. OLIVA 2548 0 2548 0.000676176 FILIPINO 81 K-10TH STREET, EAST KAMIAS Q.C. 1102 M.J. SORIANO TRADING, INC. 1400 0 1400 0.000371525 FILIPINO HOPE FINANCE CORP. DIVINAGRACIA BLDG. QUEZON ST., ILOILO CITY 5000ELNORA N. TURNER 420 0 420 0.000111458 FILIPINO 7746-E J.B. ROXAS ST. MAKATI CITY 1206PHILIP TURNER 420 0 420 0.000111458 BRITISH 7746-E J.B. ROXAS ST. MAKATI CITY 1206 J.V. EMMANUEL A. DE DIOS 1 0 1 2.65375E-07 FILIPINO 95 A. MELCHOR ST. LOYOLA HEIGHTS QUEZON CITY 1108MONICO V. JACOB 1 0 1 2.65375E-07 FILIPINO C/O PHOENIX PETROLEUM PHILS., INC. PHOENIX BULK DEPOT LANANG 8000DIANA PARDO-AGUILAR 1 0 1 2.65375E-07 FILIPINO C/O SSS RICARDO S. PASCUA 1 0 1 2.65375E-07 FILIPINO 16 SOLAR ST. BEL-AIR III, MAKATI CITY 1209JOSE MANUEL R. QUIMSON 1 0 1 2.65375E-07 FILIPINO 28 OSMENA ST. XAVIERVILLE III LOYOLA HEIGHTS, QUEZON CITY 1108

GRAND TOTAL 376824940 0 376824940

Page 3: Ms. Justina F. Callangan Director, Corporate Finance

!"#$#%%#&'()'%*+#,*-.(/(0-1+,(2*-%3

)4!55555556!)02()4!78907:;<',-*%*$#,=&(<=&#$=>?@!A9B9!!9C48

!"

Page 4: Ms. Justina F. Callangan Director, Corporate Finance

!"#$%&&'

"()*+,))-./0,

123%345.657-"48459:%-;1!-4-%$:96;69-91<$45=

.:$2%:!>!"#$#%%#&'()'%*+#,*-.(/(0-1+,(2*-%3

2*D%=&.(2*E'(F(!CG555555555(/(2*D%=&.(C=D'(F(!A74C9G(!40:7B4H<6>I?5I>565

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

65655555555 J(/(J(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>KQRRK?5S355)*D'+,#P!A65!A9B9!!9C48>S65F@RF56(@ :D3(6Q5T(J.=$=(JU'3(2*&E*D#&#1D(TVVT(J.=$=(JU'3K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

65>55555555 JXJ2H8(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KSSSK>@T355)*D'+,#P!A65!A9B9!!9C48?T?RF>65@(@ H&#,(>Q5RFJ(4=+,(0*Y'-K(!84(2'&,-'(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

65>55555555 JXJ2H8(842H:90948(27:!7:J097C 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (65K66T355)*D'+,#PCM0!A9B9!!9C48?T?RF>65@(V H&#,(>Q5RFJ(4=+,(0*Y'-K(!84(2'&,-'(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

65?55555555 J227:)(2J!90JB(4[H90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?V6K5>S355\*-'#Z&\<G6!A9B9!!9C48RTSVF@5V6(,*(VR(6 H&#,(6656(7-#'&,(8]1=-'(X1#$E#&Z(4D'-=$E(JU'&1'(

7-,#Z=+(2'&,'-K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

65?55555555 J227:)(2J!90JB(4[H90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?K6?TK6V@355)*D'+,#P!A65!A9B9!!9C48RTSVF@5V6(,*(VR(@ H&#,(6656(7-#'&,(8]1=-'(X1#$E#&Z(4D'-=$E(JU'&1'(

7-,#Z=+(2'&,'-K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

!=Z'(>(*O(>?

Page 5: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

65R55555555 J3(03()4(2J80:7(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (VK555355)*D'+,#P!A65!A9B9!!9C48@SRSFV6T5(,*(T@(@ 81#,'(V56K(VI\(J.=$=(0*Y'-(9K(4NP"=&Z'(!$=^=K(J.=$=(

0-#=&Z$'K(J.=$=(JU'3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

65T55555555 JB!AJ(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6R5355)*D'+,#P!A65!A9B9!!9C48VS66@6S5(,*(SV(@ HC90(>?5@K(>?I\(0A4(7:94C0(8[HJ:4(XB)_3(\3(

7:09_J8(803(`\7:<4:B;(4<4:JB)(Ja4b(7:09_J8(24C04:K(!J89_(290;<',-*%*$#,=&(<=&#$=6>55

65Q55555555 XJ(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SKR55355)*D'+,#P!A65!A9B9!!9C4865V>VF@?VR(@ :D(R56FR5?(2B<2(X$EZK(>@TF>@Q(4)8J(_-''&"#$$+(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6@@5

65Q55555555 XJ(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>Q@K6T5355)*D'+,#P!A65!A9B9!!9C4865V>VF@?VR(6R :D(R56FR5?(2B<2(X$EZK(>@TF>@Q(4)8J(_-''&"#$$+(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6@@5

66555555555 JC_!9C_(/(J88729J048(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@KSRSK@TQ355)*D'+,#P!A65!A9B9!!9C4866SRS>Q6@(@ 81#,'+(>55>I>55RK(0"'(!'=WK(65V(J$O=-*(8,3K(8=$P'E*(

a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>V

66655555555 JC8JB)7K(_7)9C4c(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (QTK66>355)*D'+,#P!A65!A9B9!!9C486>>R>F@6>V(@ ?R5(C1'U=(8,3K(X#&*&E*(<=&#$=

<',-*%*$#,=&(<=&#$=655T

66>55555555 JX(2J!90JB(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6>KT@>355)*D'+,#PCM0!A9B9!!9C486?S6RF@T56(T SI\(!"#&D=(!$=^=(?Q(!$=^=()-#U'K(:*PWY'$$(2'&,'-(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

!=Z'(?(*O(>?

Page 6: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

66>55555555 JX(2J!90JB(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6?VKT>S355)*D'+,#P!A65!A9B9!!9C486?S6RF@T56(6R SI\(!"#&D=(!$=^=(?Q(!$=^=()-#U'K(:*PWY'$$(2'&,'-(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

66?55555555 8J:JC_JC9(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>@KRS5355)*D'+,#P!A65!A9B9!!9C486RS6VF@S5T(@ HC90(>()6(a4:C9)J(9(27C)7<9C9H<(((6>5(

J<7:87B7(803K(B4_J8!9(a9BBJ_4K(<JdJ09(290;<',-*%*$#,=&(<=&#$=6>>Q

66@55555555 8X(4[H90948K9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (VSRK>RV355)*D'+,#P!A65!A9B9!!9C486@SQ665?V(@ 6SI\K(8'P1-#,.(X=&W(2'&,-'(TVVT(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

66@55555555 8X(4[H90948K9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (6355)*D'+,#PCM0!A9B9!!9C486@SQ665?V(V 6SI\K(8'P1-#,.(X=&W(2'&,-'(TVVT(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

66T55555555 J89J(!J29\92(2J!90JB(4[H90948(/(842H:90948(27:!3

7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>VRKVQT355)*D'+,#P

!A65!A9B9!!9C486TT?R@T>6(,*(>T(@ >RI\(_=$$'-#=(2*-%*-=,'(2'&,'-(4)8J(P*-&'-(7-,#Z=+(JU'&1'K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5@

66S55555555 J89J842(4[H90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6@K>SS355)*D'+,#P!A65!A9B9!!9C486SSQ?VQS6(@ SI\(2"=,"=D(A*1+'

66T(a=$'-*(P*-3(a3J3(:1O#&*(8,+8=$P'E*(a#$$=Z'K(<=W=,#(2#,.(6>>V<',-*%*$#,=&(<=&#$=6>>V

6>>55555555 X4B87C(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?RQK5QT355)*D'+,#P!A65!A9B9!!9C48>>V>RFV@ST$*P>6(@ R,"(\$**-(X'$+*&(A*1+'(>V6(4E+=K(<=&E=$1.*&Z(2#,.

<',-*%*$#,=&(<=&#$=6@@R

!=Z'(R(*O(>?

Page 7: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6>?55555555 X4CeJ<9C(27(2J(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6SK>>R355)*D'+,#P!A65!A9B9!!9C48>?T?R@6ST(@ :D3(?56()*Y&,*Y&(2,-(X$EZ3K(@6T([1#&,#&(!=-'E'+(8,3K(

X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

6>R55555555 X3(A3(2AHJ(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6@TKR6R355)*D'+,#P!A65!A9B9!!9C48>RR6>F?RRR(@ SV>(_3(J-=&',=(JU'&1'K([1'^*&(2#,.

<',-*%*$#,=&(<=&#$=66?@

6>@55555555 eJdJ(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355)*D'+,#P!A65!A9B9!!9C48>@SRSV6>?(@ H&#,(S6RK(J.=$=(0*Y'-(9(J.=$=(JU'3K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

6>T55555555 X!9(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (S>K6V>355\*-'#Z&\<G6!A9B9!!9C48>TS6QT@?@(6 SI\(X!9(A'=E(7OO#P'(X$EZ3K(J.=$=(JU'3KP*-3!=+'*(E'(

:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6>T55555555 X!9(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KS5SKVST355)*D'+,#P!A65!A9B9!!9C48>TS6QT@?@(@ SI\(X!9(A'=E(7OO#P'(X$EZ3K(J.=$=(JU'3KP*-3!=+'*(E'(

:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6>S55555555 2J<!78K(BJCHcJ(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355\*-'#Z&\<G6!A9B9!!9C48>VT?RFTSS6ISV(6 H&#,(>55?X(4=+,(0*Y'-K(!84(2'&,'-(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5@

6>S55555555 2J<!78K(BJCHcJ(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@RKQ?T355)*D'+,#P!A65!A9B9!!9C48>VT?RFTSS6ISV(@ H&#,(>55?X(4=+,(0*Y'-K(!84(2'&,'-(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5@

6>S55555555 2J<!78K(BJCHcJ(/(27<!JC;K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?5K555355)*D'+,#PCM0!A9B9!!9C48>VT?RFTSS6ISV(T H&#,(>55?X(4=+,(0*Y'-K(!84(2'&,'-(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5@

!=Z'(@(*O(>?

Page 8: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6>Q55555555 89C24:4(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@KR?T355)*D'+,#P!A65!A9B9!!9C48>ST?SF?@RQ(@ 6>5?FJ(4=+,(0*Y'-K(!84(2'&,-'K(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=5

6?555555555 24C0H:;(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (TSKVQT355)*D'+,#P!A65!A9B9!!9C48>QT??FV5RRIRV(@ 665@(_=$$'-#=(2*-%*-=,'(2'&,'-(7-,#Z=+(JU'3K([1'^*&(

2#,.<',-*%*$#,=&(<=&#$=6T55

6?655555555 !29X(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V>K@R5355)*D'+,#P!A65!A9B9!!9C48?5SQ6>5>S(@ SI\(!29X(0*Y'-(>K()'$=(2*+,=(8,3K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=655>

6??55555555 2909842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>SVKTV>355)*D'+,#P!A65!A9B9!!9C48?6T?@F@V?@(@ :D3(>V56FX(0'W,#,'(0*Y'-(2'&,'-(4NP"=&Z'(:EK(!=+#Z(

2#,.<',-*%*$#,=&(<=&#$=6T55

6??55555555 2909842H:90948K(9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355)*D'+,#PCM0!A9B9!!9C48?6T?@F@V?@(V :D3(>V56FX(0'W,#,'(0*Y'-(2'&,'-(4NP"=&Z'(:EK(!=+#Z(

2#,.<',-*%*$#,=&(<=&#$=6T55

6?@55555555 a842327<K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6>KS55355)*D'+,#P!A65!A9B9!!9C48??S@TF@S56(@ HC908(655QF6566(07M4:(7C4(/(4G2AJC_4(

!BJcJK(J;JBJ(0:9JC_B4K(J;JBJ(Ja43K(<JdJ09(290;<',-*%*$#,=&(<=&#$=6>55

6?T55555555 0:907C(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?>?K?>S355)*D'+,#P!A65!A9B9!!9C48?R@>?S?66(@ >TI\(Bd_(0*Y'-K(TS56(J.=$=(JU'&1'(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=5

!=Z'(T(*O(>?

Page 9: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6R555555555 9_2(842H:90948(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V5KVSR355)*D'+,#P!A65!A9B9!!9C48?SS6TF?QFST(@ 81#,'(655TK(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6R655555555 2HJB7!9C_(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65K6Q>355)*D'+,#P!A65!A9B9!!9C48?Q>R6F5>T>(@ 81#,'(6S56(0.,=&=(2'&,-'(2*&E*D#&#1D(!$=^=(B*-'&^*(

:1#^K(X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

6R?55555555 )Ja9)(_7(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@VRK5RR355)*D'+,#P!A65!A9B9!!9C48R6>R>F>?VQ(@ :D3(?5Q(\'E'-=,#*&(2'&,'-(X$EZ3(<1'$$'(E'(X#&*&E*K(

X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

6R?55555555 )Ja9)(_7(842H:90948(27:!3 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KR@T355\*-'#Z&:J65!A9B9!!9C48R6>R>F>?VQ(6S :D3(?5Q(\'E'-=,#*&(2'&,'-(X$EZ3(<1'$$'(E'(X#&*&E*K(

X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

6R@55555555 )9a4:89\94)(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6R@KVQ>355)*D'+,#P!A65!A9B9!!9C48R?T?RFTT?5I?6(@ @I\(!)2!(X=&W(2'&,-'K(A'--'-=(P*-3(J$O=-*(8,+3K(

8=$P'E*(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6T55

6R@55555555 )9a4:89\94)(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6K6RS355)*D'+,#PCM0!A9B9!!9C48R?T?RFTT?5I?6(T @I\(!)2!(X=&W(2'&,-'K(A'--'-=(P*-3(J$O=-*(8,+3K(

8=$P'E*(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6T55

6R@55555555 )9a4:89\94)(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>K@RS355)*D'+,#PCM0!A9B9!!9C48R?T?RFTT?5I?6(S @I\(!)2!(X=&W(2'&,-'K(A'--'-=(P*-3(J$O=-*(8,+3K(

8=$P'E*(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6T55

!=Z'(V(*O(>?

Page 10: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6RV55555555 43(2AHJ(2A9J27(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>5?K>@T355)*D'+,#P!A65!A9B9!!9C48R@>R>F@6R@(@ 66?(:'&,=(8,3K(X#&*&E*K(<=&#$=

<',-*%*$#,=&(<=&#$=655T

6RV55555555 43(2AHJ(2A9J27(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SKR55355\*-'#Z&:J65!A9B9!!9C48R@>R>F@6R@(6S 66?(:'&,=(8,3K(X#&*&E*K(<=&#$=

<',-*%*$#,=&(<=&#$=655T

6RQ55555555 4J80(M480(2J!90JB(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (TKV55355)*D'+,#P!A65!A9B9!!9C48RVSQ6FQSQ56(@ >I\(HFX#N(X1#$E#&Z(6??6(J&Z*&*(8,3K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>5S

6RQ55555555 4J80(M480(2J!90JB(27:!7:J097C 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (6>KQ55355)*D'+,#PCM0!A9B9!!9C48RVSQ6FQSQ56(V >I\(HFX#N(X1#$E#&Z(6??6(J&Z*&*(8,3K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>5S

6@555555555 4J804:C(842H:90948()4a4B7!<4C0(27:!7:J097C

7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?RTK>VT355)*D'+,#P

!A65!A9B9!!9C48RS>R>FR55TI66(@ 6V56(0.,=&=(2,-3(X$EZK(X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

6@?55555555 4[H909M7:B)(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@TK66T355)*D'+,#P!A65!A9B9!!9C48@6SRSF@R56I5Q(@ S5VFS5Q(!"#$#%%#&'(8,*PW(4NP"=&Z'(J.=$=(0*Y'-(6K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6@R55555555 4a4:_:44C(8072d(X:7d4:J_4(/(8423K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6?KSSS355)*D'+,#P!A65!A9B9!!9C48@>SQ6FQR@6(@ 81#,'(T5T(F(T5VK(T,"(\$**-K(0*Y'-(7&'(!"#$3(8,*PW(

4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(J.=$=(JU'3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6@R55555555 4a4:_:44C(8072d(X:7d4:J_4(/(8423K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6@K>SS355)*D'+,#PCM0!A9B9!!9C48@>SQ6FQR@6(T 81#,'(T5T(F(T5VK(T,"(\$**-K(0*Y'-(7&'(!"#$3(8,*PW(

4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(J.=$=(JU'3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

!=Z'(S(*O(>?

Page 11: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6@R55555555 4a4:_:44C(8072d(X:7d4:J_4(/(8423K(9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (TR5355)*D'+,#PCM0!A9B9!!9C48@>SQ6FQR@6(V 81#,'(T5T(F(T5VK(T,"(\$**-K(0*Y'-(7&'(!"#$3(8,*PW(

4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(J.=$=(JU'3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6@V55555555 \9:80(7:94C0(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K655355)*D'+,#P!A65!A9B9!!9C48@@SQ6FQ>R5IR@(@ H&#,(6>56(J.=$=(0-#=&Z$'(0*Y'-(7&'(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6T655555555 \:JC29827(7:09_J8(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355)*D'+,#P!A65!A9B9!!9C48@QT?6F>TFVR(@ 65I\(7-,#Z=+(X$EZ3(7-,#Z=+(JU'K(!=+#Z(2#,.

<',-*%*$#,=&(<=&#$=6T55

6T>55555555 \3(;J!(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6TQK@6R355)*D'+,#P!A65!A9B9!!9C48T5T?@FR6>T(@ H&#,(>?56(!84(2'&,'-(`4=+,(0*Y'-b(4NP"=&Z'(:E3K(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5?

6TV55555555 JH:7:J(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6K5??K5QT355)*D'+,#P!A65!A9B9!!9C48TRT??F@SQ>(@ HC90(>R5@J(M480(07M4:(!A9B9!!9C4(8072d(

4G2AJC_4(24C0:4(7:09_J8K(!J89_(290;<',-*%*$#,=&(<=&#$=6T5@

6TS55555555 _B7XJB9Cd8(842H:90948(/(8072d8K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>RKQV5355)*D'+,#P!A65!A9B9!!9C48T@V@QFR6?T(@ f(V5T(J.=$=(0*Y'-(7&'(J.=$=(JU'&1'(2*-3(!=+'*(E'(

:*N=+(8,3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6TS55555555 _B7XJB9Cd8(842H:90948(/(8072d8K(9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (6K65T355)*D'+,#PCM0!A9B9!!9C48T@V@QFR6?T(V f(V5T(J.=$=(0*Y'-(7&'(J.=$=(JU'&1'(2*-3(!=+'*(E'(

:*N=+(8,3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

!=Z'(Q(*O(>?

Page 12: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6TQ55555555 e8_(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RK555355)*D'+,#P!A65!A9B9!!9C48TT>R>QR6R(@ R,"(\$**-K(J/0(X1#$E#&ZK(>RR(4+P*$,=(8,-'',K(X#&*&E*K(

<=&#$=<',-*%*$#,=&(<=&#$=655T

6TQ5555555> e8_(842H:90948K(9C23 2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?SK>>5355)*D'+,#P!A65!A9B9!!9C48??5>R6F5@QR(07(QS(6 R,"(\$**-K(J/0(X1#$E#&ZK(>RR(4+P*$,=(8,-'',K(X#&*&E*K(

<=&#$=<',-*%*$#,=&(<=&#$=655T

6V555555555 _7B)80J:(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>>VKV6>355)*D'+,#P!A65!A9B9!!9C48TVT??FVRS@IST(@ >>56FX(4=+,(0*Y'-K(!84(2'&,-'(4NP"=&Z'(:EK(7-,#Z=+(

2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

6V555555555 _7B)80J:(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65K6Q>355)*D'+,#P!A65!A9B9!!9C48TVT??FVRS@IST(6R >>56FX(4=+,(0*Y'-K(!84(2'&,-'(4NP"=&Z'(:EK(7-,#Z=+(

2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

6V>55555555 _H9B)(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (T6KVVT355)*D'+,#P!A65!A9B9!!9C48TQSQ6Q>?>(@ H&#,(6>6@(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(JU'3K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6VR55555555 A)9(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KS>5355\*-'#Z&:J5>!A9B9!!9C48V6SQ6FQ@QS(R 66I\K(J.=$=(0*Y'-(9K(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

6VR55555555 A)9(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RVSKQ?T355)*D'+,#P!A65!A9B9!!9C48V6SQ6FQ@QS(@ 66I\K(J.=$=(0*Y'-(9K(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

6VR55555555 A)9(842H:90948K(9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (V>S355)*D'+,#PCM0!A9B9!!9C48V6SQ6FQ@QS(V 66I\K(J.=$=(0*Y'-(9K(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

!=Z'(65(*O(>?

Page 13: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6VR55555555 A)9(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V>S355)*D'+,#PCM0!A9B9!!9C48V6SQ6FQ@QS(S 66I\K(J.=$=(0*Y'-(9K(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

6VS55555555 Ad(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>K@?6355)*D'+,#P!A65!A9B9!!9C48V@T??TQQ6(,*(QT(@ 81#,'(65>(2*$1DL#=(0*Y'-K(7-,#Z=+(JU'3K(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6T55

6VQ55555555 93(J2d4:<JC(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>V>KR@T355)*D'+,#P!A65!A9B9!!9C48VTSQ6FQ5V6(@ 81#,'(V5@K(0*Y'-(9(X$EZ3(!84(!$=^=K(J.=$=(0-#=&Z$'(

J.=$=(JU'3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6S555555555 93(X3(_9<4C4c(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?K66V355)*D'+,#P!A65!A9B9!!9C48VVT?RF>?RRIRS(@ >V5?J(4=+,(0*Y'-(!84(2'&,-'(4NP"=&Z'(:*=EK(7-,#Z=+(

2'&,-'K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

6S655555555 9Ca4807:8(842H:90948K(9C2K 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>R?K??R355)*D'+,#P!A65!A9B9!!9C48VSSR?6>65(@ H&#,(T5RFT5@(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(

0-#=&Z$'K(J.=$=(JU'3(P*-(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6S655555555 9Ca4807:8(842H:90948K(9C2K 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (TRR355)*D'+,#PCM0!A9B9!!9C48VSSR?6>65(V H&#,(T5RFT5@(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(

0-#=&Z$'K(J.=$=(JU'3(P*-(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6S>55555555 9<!4:9JBK)4(_Hc<JCKJXJB78(/(273K9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?@KQSS355)*D'+,#P!A65!A9B9!!9C48VQT??>TST(@ _-*1&E(\$**-K(4)8J(2'&,-=$(8]1=-'(8"=Y(X*1$'U=-EK(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6@@>

!=Z'(66(*O(>?

Page 14: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6S>55555555 9<!4:9JBK)4(_Hc<JCKJXJB78(/(273K9C23 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (T5K5RS355)*D'+,#PCM0!A9B9!!9C48VQT??>TST(V _-*1&E(\$**-K(4)8J(2'&,-=$(8]1=-'(8"=Y(X*1$'U=-EK(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6@@>

6S?55555555 9C0:JF9Ca480(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6QK56>355)*D'+,#P!A65!A9B9!!9C48S5S65TQ?R(@ 66I\(J20(0*Y'-K(6?@(8'&3(_#$(!1.=,(JU'3K(8=$P'E*(

a#$$3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

6SS55555555 e3<3(XJ:24B7C(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>K@RS355)*D'+,#P!A65!A9B9!!9C48S@@>?FTS5S(@ f?R(2=+=(C1'U=(0*Y&"*D'+K(<=&Z=(:*=EK(P*-&'-(

X=$#,'()-#U'K(C'Y(<=&#$=K([1'^*&(2#,.<',-*%*$#,=&(<=&#$=6655

6Q555555555 aJBH4([H480(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355)*D'+,#P!A65!A9B9!!9C48SVSQ>F6S6T(@ H&#,(655TX(M'+,(0*Y'-K(!"#$#%%#&'(8,*PW(4NP"=&Z'(

2'&,-'K(4NP"=&Z'(:*=EK(7-,#Z=+K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=55

6Q>55555555 80:J04_92(4[H90948(27:!3 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RVKQ?>355)*D'+,#P!A65!A9B9!!9C48SQV@QFR5@@(6R H&#,(T65FT66(!84(!$=^=K(0*Y'-(9K(J.=$=(0-#=&Z$'K(

J.=$=(JU'3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

6QV55555555 B7!4cK(B7289CK(B4)48<J(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6@K>SS355)*D'+,#P!A65!A9B9!!9C48QRS6>VRS>(@ :**D(V5>K(J.=$=(0*Y'-(7&'K(J.=$=(JU'&1'K(<=W=,#(

2#,.<',-*%*$#,=&(<=&#$=6>>T

6QS55555555 BH2d;(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5>5355)*D'+,#PCM0!A9B9!!9C48Q@T?RTVRVIT5(@ H&#,(6R5>FX(!84(2'&,'-(4NP"=&Z'(:*=EK(7-,#Z=+(

2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

!=Z'(6>(*O(>?

Page 15: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

6QQ55555555 BH;8(842H:90948(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@5KQT5355)*D'+,#P!A65!A9B9!!9C48QT@>?65R5(@ >SI\(Bd_(0*Y'-(TS56(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>55

>5555555555 <JC)J:9C(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (Q5K@Q>355)*D'+,#P!A65!A9B9!!9C48QV@>?FS?66I6T(@ >SI\(Bd_(0*Y'-(TS56(J.=$=(JU'3(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>55

>5?55555555 29098427CB9C4327<K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KR@T355\*-'#Z&\<G6!A9B9!!9C48655T?@F@V?@(6 >V56FJ(4J80(07M4:K(!84(24C0:4(4G2AJC_4(

:7J)K(7:09_J8(24C04:(!J89_(290;<',-*%*$#,=&(<=&#$=6T5@

>5?55555555 29098427CB9C4327<K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6K66QKSTS355)*D'+,#P!A65!A9B9!!9C48655T?@F@V?@(@ >V56FJ(4J80(07M4:K(!84(24C0:4(4G2AJC_4(

:7J)K(7:09_J8(24C04:(!J89_(290;<',-*%*$#,=&(<=&#$=6T5@

>5R55555555 )J(<J:d40(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65K>RS355)*D'+,#P!A65!A9B9!!9C48656T?VFR>FR>(6R H&#,(>R5>FX(M'+,(0*Y'-K(!84(2'&,'-(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

>5@55555555 <4:2JC09B4(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SVKT?>355)*D'+,#P!A65!A9B9!!9C4865>SQSF>QSR(@ ?:)(\B77:(_77)M9BB(XH9B)9C_

?Q?(843(_9B(!H;J0(Ja4CH4<JdJ09(290;<',-*%*$#,=&(<=&#$=6>>T

>5T55555555 <4:9)9JC(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@@VK>RV355)*D'+,#P!A65!A9B9!!9C4865?T?RFTQ?6I?T(@ 81#,'(>V5>X/2(0'W,#,'(0*Y'-(9(7-,#Z=+(2'&,-'K(!=+#Z(

2#,.<',-*%*$#,=&(<=&#$=6T55

>5S55555555 <):(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (R@KQ@?355)*D'+,#P!A65!A9B9!!9C4865@SQ6FQ>>@(@ H&#,(6S5TK(SI\(<'E#P=$(!$=^=(7-,#Z=+(X$EZ3K(!=+#Z(2#,.

<',-*%*$#,=&(<=&#$=6>>T

!=Z'(6?(*O(>?

Page 16: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>5Q5555555? )4H082A4(:4_98(!J:0C4:8K(9C23 2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?@KTV>355)*D'+,#PCM0!A9B9!!9C48?S5SQRFTT>5(6 >?I\(0*Y'-(9K(J.=$=(0-#=&Z$'K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>>T

>6555555555 <7HC0(!4Jd(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RK555355\*-'#Z&\<G6!A9B9!!9C4865V>R6FS5R?(6 fVRS(23d3(X$EZ3K(e1=&(B1&=(8,3K(X#&*&E*K(<=&#$=

<',-*%*$#,=&(<=&#$=655T

>6555555555 <7HC0(!4Jd(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6KVQSK6T5355)*D'+,#P!A65!A9B9!!9C4865V>R6FS5R?(@ fVRS(23d3(X$EZ3K(e1=&(B1&=(8,3K(X#&*&E*K(<=&#$=

<',-*%*$#,=&(<=&#$=655T

>6655555555 C4M(M7:B)(842H:90948(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (TSKVQT355)*D'+,#P!A65!A9B9!!9C4865S>R>6VTV(@ :D3(>5>(\#$FJD(:'+*1-P'+(X$EZ3(>?6(e1=&(B1&=(8,3(

X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

>6?55555555 C94a48(8JC2A4cK(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6RQKSQT355)*D'+,#P!A65!A9B9!!9C48665RVVSSQQ(@ HC90(>@5>K(>@\(0A4(7:94C0(8[HJ:4(XB)_3K(\3(

7:09_J8(e:3(:7J)K(7:09_J8(27<<4:29JB(27<!B4GK(!J89_(290;<',-*%*$#,=&(<=&#$=655T

>6@55555555 7!09<H<(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6>KQ?@355)*D'+,#P!A65!A9B9!!9C4866>T?6FVS?6I?T(@ C*3(66(43(73(X$EZ3K(H&#,'E(8,3(P*-3(>&E(8,3(X*3(

d=%#,*$.*K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T@5

>6V55555555 :2X2(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6V>K@@Q355)*D'+,#P!A65!A9B9!!9C4866?SRS@6S?(@ H&#,(655S(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>6V55555555 :2X2(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65K6Q>355)*D'+,#PCM0!A9B9!!9C4866?SRS@6S?(T H&#,(655S(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

!=Z'(6R(*O(>?

Page 17: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>6S55555555 !JC(J89J(842H:90948(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@6K6RS355)*D'+,#P!A65!A9B9!!9C4866RSQ6Q6V?(@ Q65(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>6Q55555555 !J!J(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65@KT5R355)*D'+,#P!A65!A9B9!!9C4866@S6VFSR??(@ TI\K(8(/(B(X1#$E#&Z()'$=(:*+=(P*-3(4+,'L=&(8,+3(

B'Z=+%#(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>>555555555 J0:Fd9<(4C_(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (VK6@RKT?T355)*D'+,#PCM0!A9B9!!9C4866TSRQFSS@@(T 6VI\(0*Y'-(7&'(/(4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>>555555555 J0:Fd9<(4C_(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>5KRRSKQ??355)*D'+,#P!A65!A9B9!!9C4866TSRQFSS@@(6R 6VI\(0*Y'-(7&'(/(4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>>55555\0GC J0:(d9<4C_(8423(9C23 2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?6RKV55355\*-'#Z&\0GC!A9B9!!9C4866T(GGGSRQFSS@@(6 6VI\(0*Y'-(7&'(/(4NP"=&Z'(!$=^=K(J.=$=(0-#=&Z$'K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=

>>R55555555 !CX(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6>VKVQ>355)*D'+,#P!A65!A9B9!!9C486>5@>TF?RTT(@ ?I\(!CX(\#&=&P#=$(2'&,'-(:*N=+(X$UE3K(!=+=.(2#,.

<',-*%*$#,=&(<=&#$=6?55

>>@55555555 !:4<9H<(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?SK6>R355)*D'+,#P!A65!A9B9!!9C486>6SRSF@Q6@I6V(@ H&#,(6R6@K(0*Y'-(6(/(4NP"=&Z'(!$=^=(J.=$=(JU'&1'(

P*-3(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>@Q

>>Q55555555 !HXB92(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (QSK6?T355)*D'+,#P!A65!A9B9!!9C486>@SQ>FSSF?R(@ H&#,(>5V(2#,.$=&E(2*&E*D#&#1D(65(F(0*Y'-(>(TS6V(

A3a3()'(B=(2*+,=(8,3(P*-3(J.=$=(JU'3(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

!=Z'(6@(*O(>?

Page 18: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>?555555555 [HJB90;(9Ca480<4C08(/(842H:90948(27:!7:J097C

7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6STKTSS355)*D'+,#P

!A65!A9B9!!9C486>T>R6F5@RV(@ 81#,'(6T5>(0.,=&=(!$=^=(7-#'&,'(8,K(X#&*&E*(<=&#$=<',-*%*$#,=&(<=&#$=655T

>?555555555 [HJB90;(9Ca480<4C08(/(842H:90948(27:!7:J097C

8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RS355\*-'#Z&

:J65!A9B9!!9C486>T>R6F5@RV(6S 81#,'(6T5>(0.,=&=(!$=^=(7-#'&,'(8,K(X#&*&E*(<=&#$=<',-*%*$#,=&(<=&#$=655T

>?>55555555 JBJd7:(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (QKRQT355)*D'+,#P!A65!A9B9!!9C486>ST?6FS5R6IR>(@ QI\([1=E(J$%"=(2'&,-1DK(6>@(!#*&''-(8,3(

<=&E=$1.*&Z(2#,.<',-*%*$#,=&(<=&#$=6@@5

>??55555555 :3(27;9H07(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>@?K665355)*D'+,#P!A65!A9B9!!9C486>QS66F?5TR(@ @I\(2*-#&,"#=&(!$=^=K(!=+'*(E'(:*N=+K(B'Z=+%#(a#$$=Z'(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=5

>?@55555555 :4_9CJ(2J!90JB()4a4B7!<4C0(27:!7:J097C7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (66TK?V?355)*D'+,#P!A65!A9B9!!9C486?6SRSF@RS>ISR(@ H&#,(S5T(0*Y'-(6(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'K(

J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>?T55555555 :3(CHXBJ(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?5KQ6>355)*D'+,#P!A65!A9B9!!9C486?>>R>F6@QT(@ :**D(T5RK(\#$FJD(:'+*1-P'+(X$EZ3K(>?6(e1=&(B1&=(8,3K(

X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

>?V55555555 JJJ(87H0A4J80(4[H90948K(9C27:!7:J04) 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6SKR55355)*D'+,#P!A65!A9B9!!9C486??S6TF>Q6S(@ _-*1&E(\$**-K(\*-,1&'(B#O'(X1#$E#&Z(f6T>(B'Z=+%#(8,3K(

B'Z=+%#(a#$$=Z'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>Q

!=Z'(6T(*O(>?

Page 19: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>?V55555555 JJJ(87H0A4J80(4[H90948K(9C27:!7:J04) 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (TTK>RS355)*D'+,#PCM0!A9B9!!9C486??S6TF>Q6S(T _-*1&E(\$**-K(\*-,1&'(B#O'(X1#$E#&Z(f6T>(B'Z=+%#(8,3K(

B'Z=+%#(a#$$=Z'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>Q

>?S55555555 :3(83(B9<(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?@KT?T355)*D'+,#P!A65!A9B9!!9C486?RSQ6QTV5(@ 6@5Q(_=$U=&#(8,-'',(8=&(9+#E-*K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>?R

>?Q55555555 :0_(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V?KR>R355\*-'#Z&\<G6!A9B9!!9C486?@SQ6QRS>(6 H&#,(T5>(0*Y'-(6(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>?Q55555555 :0_(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>VQK?TR355)*D'+,#P!A65!A9B9!!9C486?@SQ6QRS>(@ H&#,(T5>(0*Y'-(6(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>?Q55555555 :0_(/(27<!JC;K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (TRR355)*D'+,#PCM0!A9B9!!9C486?@SQ6QRS>(T H&#,(T5>(0*Y'-(6(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>R555555555 83e3(:7GJ8(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (S@K6Q>355)*D'+,#P!A65!A9B9!!9C486?TSRSF@5T@(@ H&#,(T6>(0*Y'-(7&'K/(4NP"=&Z'(!$=^=K((J.=$=(

0-#=&Z$'K(J.=$=(JU'&1'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=5

>R?55555555 \9)4B90;(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (R@KSTR355)*D'+,#P!A65!A9B9!!9C486?QT?R@5?S(@ >65?FX(!84(2'&,-'K(4NP"=&Z'(:*=EK(7-,#Z=+K(!=+#Z(

2#,.<',-*%*$#,=&(<=&#$=6T55

!=Z'(6V(*O(>?

Page 20: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>RT55555555 8H<<90(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>VK555355)*D'+,#P!A65!A9B9!!9C486R6T?665?>(,*(?V(@ H&#,(>65>(XI2(!84(2'&,'-(0'W,#,'(0*Y'-(4=+,(

4NP"=&Z'(:*=EK(7-,#Z=+(2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

>RV55555555 80JC)J:)(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SRKT>5355)*D'+,#P!A65!A9B9!!9C486R>SRST6RQ(@ f?R(e'OO'-+*&(8,3K(_AMK(8=&(e1=&(<',-*(<=&#$=

<',-*%*$#,=&(<=&#$=55

>@655555555 0JC84C_27(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V5K6S5355\*-'#Z&:J65!A9B9!!9C486RT>R6FV6@@(6 HF>?5S(M*-$E(0-=E'(4NP"=&Z'(2*&E*D#&#1D(>6@(e1=&(

B1&=(8,3K(X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

>@655555555 0JC84C_27(/(273K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?S@KT6R355)*D'+,#P!A65!A9B9!!9C486RT>R6FV6@@(@ HF>?5S(M*-$E(0-=E'(4NP"=&Z'(2*&E*D#&#1D(>6@(e1=&(

B1&=(8,3K(X#&*&E*K(<=&#$=<',-*%*$#,=&(<=&#$=655T

>@>55555555 0A4(\9:80(:487H:248(<JCJ_4<4C0(/(842H:90948(27:!3

7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?K555355)*D'+,#P

!A65!A9B9!!9C486RVSRST?66(,*(6S(@ :D+3(S56FS5>K(!84(0*Y'-(6(J.=$=(JU'3K(P*-3(!=+'*(E'(:*N=+KJ.=$=(0-#=&Z$'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

>@?55555555 07M4:(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>5@K65S355)*D'+,#P!A65!A9B9!!9C486RST?@RRRS(@ 6S5>F2(0'W,#,'(0*Y'-(9(4NP"=&Z'(:*=EK(7-,#Z=+(2'&,-'(

!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

>@?55555555 07M4:(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355\*-'#Z&:J65!A9B9!!9C486RST?@RRRS(6S 6S5>F2(0'W,#,'(0*Y'-(9(4NP"=&Z'(:*=EK(7-,#Z=+(2'&,-'(

!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

!=Z'(6S(*O(>?

Page 21: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>@@55555555 J!4G(!A9B9!!9C48(4[H90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (VKTRR355)*D'+,#P!A65!A9B9!!9C486@5@>VF6@@@(@ H&#,(Q5>K(J&,'$(2*-%*-=,'(2'&,'-K(C*3(6?Q(a=$'-*(8,3K(

8=$P'E*(a#$$3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>V

>@V55555555 0:9F80J04(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V>K555355\*-'#Z&\<G6!A9B9!!9C486@>SRS@5R>(6 H&#,(655VK(65I\(J.=$=(0-#=&Z$'(0*Y'-(9K(J.=$=(

JU'&1'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>@V55555555 0:9F80J04(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?5KS55355)*D'+,#P!A65!A9B9!!9C486@>SRS@5R>(@ H&#,(655VK(65I\(J.=$=(0-#=&Z$'(0*Y'-(9K(J.=$=(

JU'&1'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>@Q55555555 H2!X(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (V6K>?>355)*D'+,#P!A65!A9B9!!9C486@RSRS@TVS(@ 81#,'(6T6>K(6TI\(J.=$=(0*Y'-(9(4NP"=&Z'(!$=^=K(J.=$=(

JU'3(P*-3(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>T655555555 43842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6K6RS355\*-'#Z&\<G6!A9B9!!9C486@TSSVFQ555(BVST(6 66I\(4N%*-,L=&W(!$=^=(2"#&*(:*P'+(P*-3(8'&3(_#$(e3(

!1.=,(JU'3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>@6

>T655555555 43842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K5QT355)*D'+,#P!A65!A9B9!!9C486@TSSVFQ555(BVST(@ 66I\(4N%*-,L=&W(!$=^=(2"#&*(:*P'+(P*-3(8'&3(_#$(e3(

!1.=,(JU'3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>@6

>T?55555555 a4C0H:4(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@K555355)*D'+,#P!A65!A9B9!!9C486@SSRST@5@(@ H&#,(S66(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'(

J.=$=(JU'3(P*-3(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

!=Z'(6Q(*O(>?

Page 22: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>T?55555555 a4C0H:4(842H:90948K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>SK>55355)*D'+,#PCM0!A9B9!!9C486@SSRST@5@(T H&#,(S66(0*Y'-(7&'(/(4NP"=&Z'(!$=^=(J.=$=(0-#=&Z$'(

J.=$=(JU'3(P*-3(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>TT55555555 a928JB(842H:90948(/(8072d(X:7d4:J_4K(9C237D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?65KS@T355)*D'+,#P!A65!A9B9!!9C486T6V?RQVV6(@ T@S(23(!=$=&P=(8,3K([1#=%*K<=&#$=

<',-*%*$#,=&(<=&#$=6556

>TV55555555 \9:80(<40:7(842H:90948(X:7d4:J_4(27:!3 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6@RKS56355)*D'+,#P!A65!A9B9!!9C486T>V@QFR6??I?R(@ H&#,(6@6@K(6@I\(J.=$=(0*Y'-(7&'(J.=$=(0-#=&Z$'K(

J.=$=(JU'3(P*-(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>TV55555555 \9:80(<40:7(842H:90948(X:7d4:J_4(27:!3 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6>SKQV5355)*D'+,#PCM0!A9B9!!9C486T>V@QFR6??I?R(T H&#,(6@6@K(6@I\(J.=$=(0*Y'-(7&'(J.=$=(0-#=&Z$'K(

J.=$=(JU'3(P*-(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>TV55555555 \9:80(<40:7(842H:90948(X:7d4:J_4(27:!3 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?K??>355\*-'#Z&:J65!A9B9!!9C486T>V@QFR6??I?R(6S H&#,(6@6@K(6@I\(J.=$=(0*Y'-(7&'(J.=$=(0-#=&Z$'K(

J.=$=(JU'3(P*-(!=+'*(E'(:*N=+(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>T

>TQ55555555 M4JB0A(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (Q?K5TR355)*D'+,#P!A65!A9B9!!9C486TRT?RF@5?S(@ >65?(!84(2'&,-'K(4NP"=&Z'(:*=E(7-,#Z=+(2'&,-'K(!=+#Z(

2#,.<',-*%*$#,=&(<=&#$=6T55

>V555555555 M480B9Cd(_B7XJB(4[H90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>QK6Q5355)*D'+,#P!A65!A9B9!!9C486T@SRSFT>?6(@ TI\(!"#$#%%#&'(8,*PW(4NP"=&Z'(!$=^=(J.=$=(JU'&1'K(

<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

!=Z'(>5(*O(>?

Page 23: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>V?55555555 M7C_(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?@K555355)*D'+,#P!A65!A9B9!!9C486TS@>6VVQR(@ 6R5>FX(J3(<=L#&#(8,3K(P*-3(8,=3(<*&#P=(8,3K(4-D#,=K(

<=&#$=<',-*%*$#,=&(<=&#$=6555

>V@55555555 ;J7(/(c9JB290JK(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (?@K5V@355)*D'+,#P!A65!A9B9!!9C486V5@>VR56Q(,*(>6(@ ;=*(/(c#=$P#,=K(9&P3K(@_(a'-&#E=(9(2*&E*D#&#1DK(6>5(

JD*-+*$*(8,3K(B'Z=+%#(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=

>VS55555555 ;H(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (Q6K5>R355)*D'+,#P!A65!A9B9!!9C486V?T?RFT>RS(@ H&#,(4(6T5TFX(0'W,#,'(0*Y'-(6(4N"=&Z'(:*=EK(7-,#Z=+(

2'&,'-(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

>VQ55555555 X)7(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (R>5355\*-'#Z&\<G6!A9B9!!9C486VRV@QFR6FRR(6 >VI\(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'3K(<=W=,#(

2#,.<',-*%*$#,=&(<=&#$=6>>T

>VQ55555555 X)7(842H:90948(27:!7:J097C 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SK>>QK65T355)*D'+,#P!A65!A9B9!!9C486VRV@QFR6FRR(@ >VI\(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'3K(<=W=,#(

2#,.<',-*%*$#,=&(<=&#$=6>>T

>VQ55555555 X)7(842H:90948(27:!7:J097C 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (T5K>55355)*D'+,#PCM0!A9B9!!9C486VRV@QFR6FRR(T >VI\(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'3K(<=W=,#(

2#,.<',-*%*$#,=&(<=&#$=6>>T

>VQ55555555 X)7(842H:90948(27:!7:J097C 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6K>SS355\*-'#Z&:J65!A9B9!!9C486VRV@QFR6FRR(6S >VI\(0*Y'-(9(/(4NP"=&Z'(!$=^=(J.=$=(JU'3K(<=W=,#(

2#,.<',-*%*$#,=&(<=&#$=6>>T

!=Z'(>6(*O(>?

Page 24: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

>S>55555555 !229(842H:90948(X:7d4:8(27:!3 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (666KQ?T355)*D'+,#PCM0!A9B9!!9C486VVSQ?F?Q>5(T ?I\(!229(2*-%*-=,'(2'&,-'(66S(J$O=-*(8,K(8=$P'E*(

a#$$=Z'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>V

>S?55555555 4J_B4(4[H90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@@RKSVT355)*D'+,#P!A65!A9B9!!9C486VST?T?T?V(,*(?Q(@ 6VQ(d=#D#,*(8,3(a=$$'(a'-E'(99K(!=+#Z(2#,.

<',-*%*$#,=&(<=&#$=6T55

>S@55555555 _7B)4C(07M4:(842H:90948(/(A7B)9C_8K(9C237D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (@5KRTR355)*D'+,#P!A65!A9B9!!9C486VQS6?>S?Q(@ RFX(a'-&#E=(9(2*&E*D#&#1DK(6>5(JD*-+*$*(8,3K(

B'Z=+%#(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>Q

>S@55555555 _7B)4C(07M4:(842H:90948(/(A7B)9C_8K(9C238',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (66>K66>355)*D'+,#PCM0!A9B9!!9C486VQS6?>S?Q(T RFX(a'-&#E=(9(2*&E*D#&#1DK(6>5(JD*-+*$*(8,3K(

B'Z=+%#(a#$$=Z'K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>>Q

>ST55555555 87BJ:(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (S>5K@TR355)*D'+,#P!A65!A9B9!!9C486S5T?TT?56(@ H&#,(?55>FJ(4=+,(0*Y'-K(!"#$3(8,*PW(4NP"=&Z'(2'&,-'K(

4NP"=&Z'(:*=EK(7-,#Z=+(2*D%$'NK(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T5@

>SS55555555 _3)3(0JC(/(27<!JC;K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (6S5K>55355)*D'+,#P!A65!A9B9!!9C486S6T??QQSQ(@ H&#,(>>5?FJ(4=+,(0*Y'-K(!84(2'&,'-(4NP"=&Z'(:*=EK(

7-,#Z=+(2'&,'-K(!=+#Z(2#,.<',-*%*$#,=&(<=&#$=6T55

?>S55555555 )M(2J!90JB(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (65RKRTS355)*D'+,#P!A65!A9B9!!9C486SR>R@F?5Q?(@ 66?T(8*$=-(8,3K(X#&*&E*K(<=&#$=

<',-*%*$#,=&(<=&#$=5

???55555555 HX8(842H:90948(!A9B9!!9C48K(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (RSKRTS355)*D'+,#P!A65!A9B9!!9C486S@V@RFSS6?(6R 6QI\(J.=$=(0*Y'-(7&'K(J.=$=(JU'3K(<=W=,#(2#,.

<',-*%*$#,=&(<=&#$=6>55

!=Z'(>>(*O(>?

Page 25: Ms. Justina F. Callangan Director, Corporate Finance

34?91.:4..!:%%65@:%31!-3=$:

4991253-51A 91253!=B18.657%6.-3=$:

6.-52<":!4991253-3=$:3:8:$B15:-52<":!

"$-54<:"$-6.

?R@55555555 HC92J!90JB(842H:90948(9C23 8',,$'D'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>>QK?>5355)*D'+,#P!A65!A9B9!!9C486SVV@5F>5?5(6R R\(<=g=$P*(X$EZ(X'&=U#E'^(P*-(0-=+#'--=(8,+(B'Z=+%#(

a#$$3K(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

?SQ55555555 d9C_h8(!7M4:(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (SQK6S5355\*-'#Z&\<G6!A9B9!!9C486Q>(6 :<(6T5>(\4)4:JB(07M4:()J8<J:9CJ8(803K(

X9C7C)7K(<JC9BJ<',-*%*$#,=&(<=&#$=5

?SQ55555555 d9C_h8(!7M4:(842H:90948K(9C23 7D&#L1+(M#,"*1,(2$#'&, 0=N(9E'&,#O#P=,#*&(C1DL'- (>Q5K@RR355)*D'+,#P!A65!A9B9!!9C486Q>(@ :<(6T5>(\4)4:JB(07M4:()J8<J:9CJ8(803K(

X9C7C)7K(<JC9BJ<',-*%*$#,=&(<=&#$=5

!!!95555555 !A74C9G(!40:7B4H<(!A9B9!!9C48K(9C23 0=N(9E'&,#O#P=,#*&(C1DL'- (6>355)*D'+,#PCM0!A9B9!!9C48VQ?(6 )JaJ7(290;

<',-*%*$#,=&(<=&#$=82Xd6555555 80JC)J:)(2AJ:04:4)(XJCd 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (>K5QVK>55355\*-'#Z&

\<G6!A9B9!!9C48Q@VSVSF>SVQ(6 TV@T(J.=$=(JU'&1'(<=W=,#(2#,.<',-*%*$#,=&(<=&#$=6>55

88896555555 8729JB(842H:90;(8;804< 7Y& 0=N(9E'&,#O#P=,#*&(C1DL'- (?TK5T?KQQS355)*D'+,#PCM0!A9B9!!9C48QQRQ>TF6TRR(6 888(X$EZ3K(4=+,(JU'3K()#$#D=&K([1'^*&(2#,.

<',-*%*$#,=&(<=&#$=5

(65SK5V5K?>R355i0*,=$(A*$E#&Z+

(65SK5V5K?>R355i_-=&E(0*,=$

9O(&*(Y-#,,'&(&*,#P'(*O(=&.('--*-(*-(P*--'P,#*&(#+(-'P'#U'E(L.(!)02(Y#,"#&(O#U'(`@b(P=$'&E=-(E=.+(O-*D(-'P'#%,("'-'*OK(.*1(+"=$$(L'(E''D'E(,*("=U'(=PP'%,'E(,"'(=PP1-=P.(=&E(P*D%$','&'++(*O(,"'(E',=#$+(#&E#P=,'E(#&(,"#+(-'%*-,3

0"#+(E*P1D'&,(#+(P*D%1,'-(Z'&'-=,'E(=&E(-']1#-'+(&*(+#Z&=,1-'3

!=Z'(>?(*O(>?