BOARD RESOLUTION

We, the majority of the Board of Directors of CALTRADE INDUSTRIES CO. LTD. (the
“Corporation” or the “Company”), a corporation duly organized and existing under the laws of the
Republic of the Philippines and with office address at LOT 2W BLK 2, VELA CALID BUILDING
COMMERCIAL STREET, PARKHOMES TUNASAN, MUNTINLUPA CITY , Philippines, state as follows:

“At the special meeting of the Board of Directors of the Corporation held at its principal
place of business on October 25, 2023, wherein a quorum was present and acting
throughout, the following resolutions were unanimously passed and approved:

‘WHEREAS, the Company wishes to apply for registration to the Bureau of Internal
Revenue (BIR);

NOW, THEREFORE, be it resolved, as it hereby resolved, that, the Board authorize

the Company to proceed with its application for the registration with the BIR; and
RESOLVED, FURTHER, as it hereby resolved, that, the Board authorize JUSTINE JOY
H. BULANON (representative) to be the designated representative of the Company
in all dealings and transactions with the BIR in relation to the registration of the
Company with BIR.’

IN WITNESS WHEREOF, we have hereunto affixed our signatures this day of 2023
at LOT 2W BLK 2, VELA CALID BUILDING COMMERCIAL STREET, PARKHOMES TUNASAN, MUNTINLUPA
CITY.

_MARY NEIL V. BOCALID_ _JUNIM I. BOCALID_ _JUSTINE JOY H. BULANON_

Partner Managing Partner Representative

ACKNOWLEDGEMENT

SUBSCRIBED AND SWORN TO before me in the City of Muntinlupa, this by

MARY NEIL BOCALID, JUNIM BOCALID and JUSTINE JOY BULANON exhibiting their government IDs as
competent proofs of their identities.

Doc. No.________
Page No.________
Book No.________
Series of 2023