BRIEF DESCRIPTION ABOUT OWNERSHIP

- 7-Eleven, Inc. (stylized as 7ᴇʟᴇᴠᴇn) is an international chain of convenience stores,

headquartered in Dallas, Texas. The chain was founded in 1927 as an ice house storefront in
Dallas. It was named Tote'm Stores between 1928 and 1946. After 70% of the company was
acquired by Japanese affiliate Ito-Yokado in 1991, it was reorganized as a wholly owned
subsidiary of Seven-Eleven Japan Co., Ltd in 2005, and is now held by Chiyoda, Tokyo-
based Seven & I Holdings Co., Ltd.

BRIEF DESCRIPTION ABOUT STRUCTURE

-Philippine Seven Corporation (“PSC”) was registered with the Securities and Exchange
Commission (“SEC”) on November 23, 1982. It acquired from Southland Corporation (now
Seven Eleven, Inc. or “SEI”) of Dallas, Texas the license to operate 7-Eleven stores in the
Philippines in December 13, 1982. Operations commenced with the opening of its first store in
February 29, 1984 at the corner of Kamias Road and EDSA Quezon City, Metro Manila.
Considering the country’s economic condition at that time, the Company grew slowly in its first
few years of existence.
- In July 28, 1988, PSC transferred the Philippine area license to operate 7-Eleven
stores to its affiliate, Phil-Seven Properties Corporation (“PSPC”), together with some of
its store properties. In exchange thereof, PSC received 47% of PSPC stock as
payment. Concurrent with the transfer, PSC entered into a sublicensing agreement with
PSPC to operate 7-Eleven stores in Metro Manila and suburbs. As part of PSPC’s main
business, it acquired or leased commercial properties and constructed retail store
buildings, leasing the buildings to PSC on long term basis together with most of the
capital equipment used for store operations. In effect, PSC concentrated on managing
its stores and effectively took the role of a pure retailer.

BRIEF DESCRIPTION ABOUT TYPE

-7-Eleven, retailer that operates more than 60,000 convenience stores, mostly in North
America and Asia. The typical outlet is small in size and carries a limited stock of food, drinks,
and other high-turnover products but stays open long hours. Although a subsidiary of
the Tokyo-based Seven & i Holdings, 7-Eleven is headquartered in Dallas.

DISCUSSION OF BUSINESS TYPE

-7-Eleven is a merchandising type business because they  contributes to the sale of products to a
retail consumer. At a retail in-store level, merchandising refers to displaying products that are for sale in a
creative way that entices customers to purchase more items or products. So that 7-Eleven is a
merchandising type of business