15 January 2020 ‘THE PHILIPPINE STOCK EXCHANGE, INC. 66/F PSE Tower, 5" Avenue corner 28" Street Bonifacio Global City, Taguig City Philippines 1634 Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Re: Quarterly Report on the Application of the Proceeds from the Initial Public Offering Gentlemen: In compliance with the Notice of Approval dated August 30, 2019 of The Philippine Stock Exchange, Inc. in connection with the Initial Public Offering of the Company, please find below our quarterly report on the application of the proceeds from the IPO: ‘Actual Gross proceeds from the Primary Offer P 3,500,000,000 Offer expenses (280,373,938) Net Proceeds 3,219,626,062 Less Use of Proceeds Loan payment (800,000,000) Unapplied Proceeds P 2,419,626,062 Thank you. Principal Address: ICS Bldg., ano-Montalvan Sis. Cagayan de Ore Cily, 9000 Philippines Plant Address: Km. 106, National Highway Bo. Maanas, Brgy. Manas Medina, Misamis, Oriental 9013 Philippines Mail rdrees: 4089 FSA Manallanos Villane Makati City 42%? Philinninas