annex c - as amended
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ANNEX C, AS AMENDED( SRC Rule 12 )
NON-FINANCIAL DISCLOSURE REQUIREMENTS
PART I BUSINESS
(A) Description of Business.
(1) Business Development
Describe te !evelopment of te business of te re"istr#nt #n! its si"nific#nt
subsi!i#ries !urin" te p#st tree ($) %e#rs& or suc sorter perio! #s te
re"istr#nt m#% #ve been en"#"e! in business. If te re"istr#nt #s not been in
business for tree %e#rs& "ive te s#me inform#tion for pre!ecessor(s) of te
re"istr#nt if tere is #n%. Tis business !evelopment !escription soul!
inclu!e& for te re"istr#nt #n! its subsi!i#ries& te follo'in"
(#) orm #n! dateof or"#ni*#tion+
(b) An% b#n,ruptc%& receiversip or simil#r procee!in"+ #n!
(c) An% m#teri#l recl#ssific#tion& mer"er& consoli!#tion& or purc#se or
s#le of # si"nific#nt #mount of #ssets not in te or!in#r% course of
business.
(-) Business of Issuer Tis section s#ll !escribe in !et#il '#t business te
re"istr#nt !oes #n! proposes to !o& inclu!in" '#t pro!ucts or "oo!s #re or 'ill
be pro!uce! or services t#t #re or 'ill be ren!ere!.
(#) Description of Re"istr#nt
Briefl% !escribe te business of re"istr#nt #n! its si"nific#ntsubsi!i#ries #n! inclu!e& to te etent m#teri#l to #n un!erst#n!in" of
te re"istr#nt
(i) Princip#l pro!ucts or services #n! teir m#r,ets in!ic#tin" te
rel#tive contribution to s#les or revenues of e#c pro!uct or
service& or "roup of rel#te! pro!ucts or services& 'ic
contribute ten percent (1/0) or more to s#les or revenues. If
te rel#tive contribution to net income of #n% pro!uct or
service& or "roup of rel#te! pro!ucts or services& is
subst#nti#ll% !ifferent t#n its rel#tive contribution to s#les or
revenues& #ppropri#te inform#tion soul! be "iven+
(ii) Percent#"e of s#les or revenues #n! net income contribute! b%
forei"n s#les (bro,en !o'n into m#or m#r,ets suc #s 'estern
Europe& Soute#st Asi#& etc.) for e#c of te l#st tree %e#rs+
(iii) Distribution meto!s of te pro!ucts or services+
(iv) St#tus of #n% publicl%2#nnounce! ne' pro!uct or service (e.".
'eter in te pl#nnin" st#"e& 'eter protot%pes eist)& te
!e"ree to 'ic pro!uct !esi"n #s pro"resse! or 'eter
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furter en"ineerin" is necess#r%. In!ic#te if completion of
!evelopment of te pro!uct 'oul! re3uire # m#teri#l #mount
of te resources of te re"istr#nt& #n! te estim#te! #mount+
(v) 4ompetition. Describe te in!ustr% in 'ic te re"istr#nt is
sellin" or epects to sell its pro!ucts or services& #n! 'ere
#pplic#ble& #n% reco"ni*e! tren!s 'itin t#t in!ustr%.Describe te p#rt of te in!ustr% #n! te "eo"r#pic #re# in
'ic te business competes or 'ill compete. I!entif% te
princip#l meto!s of competition (price& service& '#rr#nt% or
pro!uct perform#nce). N#me te princip#l competitors t#t
te re"istr#nt #s or epects to #ve in its #re# of competition.
In!ic#te te rel#tive si*e #n! fin#nci#l #n! m#r,et stren"ts of
te re"istr#nt5s competitors. St#te '% te re"istr#nt believes
t#t it c#n effectivel% compete 'it oter comp#nies in its
#re# of competition.
(vi) Sources #n! #v#il#bilit% of r#' m#teri#ls #n! te n#mes of
princip#l suppliers+ If te re"istr#nt is or is epecte! to be
!epen!ent upon one or # limite! number of suppliers foressenti#l r#' m#teri#ls& ener"% or oter items& !escribe.
Describe #n% m#or eistin" suppl% contr#cts.
(vii) Disclose o' !epen!ent te business is upon # sin"le customer or
# fe' customers& te loss of #n% or more of 'ic 'oul! #ve #
m#teri#l #!verse effect on te re"istr#nt #n! its subsi!i#ries
t#,en #s # 'ole. I!entif% #n% customer t#t #ccounts for& or
b#se! upon eistin" or!ers 'ill #ccount for& t'ent% percent
(-/0) or more of te re"istr#nt5s s#les+ Describe #n% m#or
eistin" s#les contr#cts+
(viii) Tr#ns#ctions 'it #n!6or !epen!ence on rel#te! p#rties+
(i) Summ#ri*e te princip#l terms #n! epir#tion !#tes of #ll
p#tents& tr#!em#r,s& cop%ri"ts& licenses& fr#ncises&
concessions& #n! ro%#lt% #"reements el!+ In!ic#te te etent
to 'ic te re"istr#nt5s oper#tions !epen!& or #re epecte! to
!epen!& on te fore"oin" #n! '#t steps #re un!ert#,en to
secure tese ri"ts+
() Nee! for #n% "overnment #pprov#l of princip#l pro!ucts or
services. If "overnment #pprov#l is necess#r% #n! te re"istr#nt
#s not %et receive! t#t #pprov#l& !iscuss te st#tus of te
#pprov#l 'itin te "overnment #pprov#l process+
(i) Effect of eistin" or prob#ble "overnment#l re"ul#tions on te
business+
(ii) In!ic#te te #mount spent on rese#rc #n! !evelopment
#ctivities& #n! its percent#"e to revenues !urin" e#c of te
l#st tree fisc#l %e#rs+
(iii) 4osts #n! effects of compli#nce 'it environment#l l#'s+
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1. its form of or"#ni*#tion+
-. minimum subscribe! #n! p#i!2in c#pit#l+
$. composition of Bo#r! of Directors+
9. composition of c#pit#l stoc, (common #n!votin" s#res)+
8. te '#iver of preemptive ri"ts of s#reol!ers
in its Articles of Incorpor#tion.
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Instructions for Part I, Paragraph (A)(2)(b)(ii)
Investment Companies are regulated by the Investment Company Act and rules and regulations
adopted thereunder. he provisions of subparagraph !. above are, pursuant to that rule, incorporate
conditions for the approval of a registration statement for securities of an investment company. heprovisions of "#C #ule $2 govern registration statements concerning Investment Companies. %efinitions in ICA
#ule &'$ govern the use of similar terms used in this Anne pertaining to investment companies.
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(iii) :inin" #n! ;il 4omp#nies
A st#tement !escribin" te #re#s covere! b% re"istr#nt7s minin" cl#ims& st#tus of te
#pplic#tion #n! 'or, performe! on te cl#ims& if #n%.
(B) Description of Propert%.
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A proceeding that primarily involves a claim for damages does not need to be described if the amount
involved, eclusive of interest and costs, does not eceed $+ of the current assets of the registrant.
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PART II SE4URITIES ; T>E RE
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(ii) t#t is bein" or #s been propose! to be publicl% offere! b% te
re"istr#nt& unless suc common e3uit% is bein" offere!
pursu#nt to #n emplo%ee benefit or stoc, options pl#n& te
offerin" of 'ic coul! #ve # m#teri#l effect on te m#r,et
price of te re"istr#nt7s common e3uit%.
(-) >ol!ers
(#) Set fort te #pproim#te number of ol!ers of e#c cl#ss of common
e3uit% of te re"istr#nt #s of te l#test pr#ctic#ble !#te but in no
event more t#n ninet% (/) !#%s prior to filin" te re"istr#tion
st#tement. Inclu!e te n#mes of te top t'ent% (-/) s#reol!ers of
e#c cl#ss #n! te number of s#res el! #n! te percent#"e of tot#l
s#res outst#n!in" el! b% e#c.
(b) If te inform#tion c#lle! for b% tis subp#r#"r#p (-) is bein" presente!
in # re"istr#tion st#tement file! pursu#nt to Section 1-& or #n
inform#tion st#tement file! pursu#nt to Section -/ of te 4o!e& t#t
rel#tes to #n #c3uisition& business combin#tion or oter reor"#ni*#tion&in!ic#te te effect of suc tr#ns#ction on te #mount #n! percent#"e
of present ol!in"s of te re"istr#nt7s common e3uit% o'ne!
benefici#ll% b%
(i) #n% person or "roup 'o is ,no'n to te re"istr#nt to be te
benefici#l o'ner of more t#n five percent (80) of #n% cl#ss of
te re"istr#nt7s common e3uit%+
(ii) e#c !irector #n! nominee+ #n!
(iii) #ll !irectors #n! officers #s # "roup& #n! te re"istr#nt7s
present commitments to suc persons 'it respect to te
issu#nce of s#res of #n% cl#ss of its common e3uit%.
(c) or purposes of subp#r#"r#p (-)(b)(i) ereof& te term C"roupC s#ll
me#n t'o or more persons #ctin" #s # p#rtnersip& limite! p#rtnersip&
s%n!ic#te or oter "roup for te purpose of #c3uirin"& ol!in" or
!isposin" of securities of #n issuer.
(!) If te inform#tion c#lle! for b% tis subp#r#"r#p (-) is bein" presente!
in # re"istr#tion st#tement file! pursu#nt to Section 1- in!ic#te te
effect of suc issu#nce on te #mount #n! percent#"e of present
ol!in"s of te re"istr#nt7s common e3uit% ol!ers. In!ic#te te effect
of te issu#nce on te percent#"e of te re"istr#nt5s securities
benefici#ll% o'ne! b% forei"ners.
($) Divi!en!s
(#) Discuss #n% c#s !ivi!en!s !ecl#re! on e#c cl#ss of its common e3uit%
b% te re"istr#nt for te t'o most recent fisc#l %e#rs #n! #n%
subse3uent interim perio! for 'ic fin#nci#l st#tements #re re3uire!
to be presente! b% SR4 Rule ?@.
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(b) Describe #n% restriction t#t limits te #bilit% to p#% !ivi!en!s on
common e3uit% or t#t #re li,el% to !o so in te future.
(9) Recent S#les of Unre"istere! or !xemptSecurities, Including "ecent Issuanceof #ecurities $onstituting an !xempt %ransaction
urnis te follo'in" inform#tion #s to #ll securities of te re"istr#nt sol! b% it'itin te p#st tree ($) %e#rs 'ic 'ere not re"istere! un!er te 4o!e.
Inclu!e s#les of re#c3uire! securities& #s 'ell #s ne' issues& securities issue! in
ec#n"e for propert%& services& or oter securities& #n! ne' securities
resultin" from te mo!ific#tion of outst#n!in" securities. In!ic#te 'eter te
issuer receive! 'ritten confirm#tion from te 4ommission un!er SR4 Rule 1/.1
t#t suc eemptive relief from re"istr#tion '#s #v#il#ble #n!& if so& te !#te
suc confirm#tion '#s issue!
(#) Securities Sol!
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(!) Describe #n% oter m#teri#l ri"ts of common or preferre!
stoc,ol!ers.
(e) Describe #n% provision in te c#rter or b%2l#'s t#t 'oul! !el#%&
!efer or prevent # c#n"e in control of te re"istr#nt.
(-) Debt Securities
(#) If !ebt securities #re to be re"istere!
(i) st#te te #mount of bon!e! in!ebte!ness outst#n!in" #n! to
be cre#te! b% te securit% to be offere!+
(ii) !escribe provisions in respect to te m#turit%& interest r#te&
conversion& #morti*#tion& re!emption& sin,in" fun! or
retirement+
(iii) if substitution of #n% securit% is permitte!& summ#ri*e te
con!itions un!er 'ic substitution is permitte!. Ifsubstitution 'itout notice is permitte!& inclu!e # specific
st#tement to t#t effect.
(iv) !escribe #ll oter m#teri#l provisions "ivin" or limitin" te
ri"ts of !ebtol!ers. or e#mple& !escribe subor!in#tion
provisions& limit#tions on te !ecl#r#tion of !ivi!en!s&
restrictions on te issu#nce of #!!ition#l
!ebt& m#inten#nce of #sset r#tios& securit%
(coll#ter#l)& etc.
(v) "ive te n#me of #n% trustee(s) !esi"n#te! b% te in!enture
#n! !escribe te circumst#nces un!er
'ic te trustee is re3uire! to #ct on be#lf of te
!ebtol!ers+
(vi) disclose the company&s financial ratios such as current,solvency, debt'to'euity ratios and/or other regulatoryratios that it must meet and maintain
(vii) describe the credit ratings received including the factorsconsidered by the independent credit rating agency inarriving at the said rating.
($) Stoc, ;ptions
If stoc, options #re to be re"istere!& te re"istr#tion st#tement s#ll cont#in
te follo'in"
(#) # listin" of persons in 'ose f#vor te "r#nt or issu#nce of options is to
be m#!e in!ic#tin" te number of s#res to be "iven to e#c or& if tis
c#nnot be #scert#ine! #t te time& te formul# to be use! in
!eterminin" te number of s#res& #n! te cost per s#re to te
recipients+
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(b) te re#sons for te "r#nt or issu#nce& #tt#cin" tere'it five (8)
copies of te bo#r! resolution #utori*in" suc+
(c) # !et#ile! st#tement #s to te pl#n or sceme b% 'ic s#i! options
s#ll be eercise!. If options c#n be eercise! 'it less t#n fort%
percent (9/0) of te tot#l price of te s#res so purc#se!& !isclosure
must be m#!e of te meto! b% 'ic furter p#%ments of teeercise price 'ill be m#!e. If te comp#n% provi!es or #rr#n"es for
lo#ns to en#ble officers& !irectors or emplo%ees to eercise teir
options& te !et#ils of suc #rr#n"ements s#ll be !isclose!.
(!) # certific#tion from te 4orpor#te Secret#r% st#tin" t#t #utori*#tion
for te options '#s #pprove! in # stoc,ol!ers meetin" b% stoc,ol!ers
ol!in" #t le#st -6$ of te outst#n!in" votin" s#res of te
corpor#tion& eclusive of Tre#sur% s#res. Te certific#tion s#ll #lso
st#te te number of s#res represente! #t te meetin" #n! te number
of s#res vote! for #n! #"#inst te propos#l to "r#nt options to te
!irectors or m#n#"in" "roups or its officers.
(9) Securities Subect to Re!emption or 4#ll
ere convertible securities t#t #re subect to re!emption or c#ll #re bein"
re"istere!& te !escription of te conversion terms of te securities s#ll
!isclose
(#) eter te ri"t to convert or purc#se te securities 'ill be
forfeite! unless it is eercise! before te !#te specifie! in # notice of
te re!emption or c#ll+
(b) Te ,in!s& fre3uenc% #n! timin" of notice of te re!emption or c#ll&
inclu!in" te cities or ne'sp#pers in 'ic notice 'ill be publise!
('ere te securities provi!e for # cl#ss of ne'sp#pers or "roup of
cities in 'ic te public#tion m#% be m#!e #t te !iscretion of te
re"istr#nt& te re"istr#nt soul! !escribe suc provision)+ #n!
(c) In te c#se of be#rer securities& t#t investors #re responsible for
m#,in" #rr#n"ements to prevent loss of te ri"t to convert or
purc#se in te event of re!emption or c#ll& for e#mple& b% re#!in"
te ne'sp#pers in 'ic te notice of re!emption or c#ll m#% be
publise!.
(*) +arrants
(a) %he issuer shall disclose in its registration statement the termsand conditions of the arrants including computational datarelative thereto.
(b) %he folloing shall be disclosed
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i. %he par or issue value, class and number of thecorresponding -nderlying #hares
ii. %he !xercise rice, or the formula for computing the same,or adjustments thereto
iii. !xercise eriod and the !xpiry Date of the +arrant
iv. %he procedure for the exercise
v. #ummary of the provisions contained in the +arrantInstrument.
vi. %he !xchange "atio or the number of -nderlying #hareshich may be purchased under each +arrant.
(?) :#r,et Inform#tion for Securities ;ter T#n 4ommon E3uit%
Provi!e m#r,et inform#tion 'it respect to suc securities comp#r#ble to t#t
re3uire! in p#r#"r#p (A)(1) if securities oter t#n common e3uit% #re to bere"istere! #n! tere is #n est#blise! public tr#!in" m#r,et for suc securities
(#s t#t term is use! in p#r#"r#p (A)(1) of tis P#rt II).
() ;ter Securities
If securities oter t#n c#pit#l stoc,& !ebt& investment comp#n% securities& or
stoc, options #re to be re"istere!& provi!e simil#r inform#tion concernin" te
m#teri#l provisions of te securities.
PART III INAN4IA= IN;R:ATI;N
(A) :#n#"ement5s Discussion #n! An#l%sis (:DA) or Pl#n of ;per#tion.
Re"istr#nts t#t #ve not #! revenues from oper#tions in e#c of te l#st t'o fisc#l
%e#rs& or te l#st fisc#l %e#r #n! #n% interim perio! in te current fisc#l %e#r for 'ic
fin#nci#l st#tements #re furnise! in te !isclosure !ocument& shall in addition toapplicable items under subparagraph ()& provi!e te inform#tion in subp#r#"r#p(1) ereof.
(1) Pl#n of ;per#tion
Describe te pl#n of oper#tion for te net t'elve (1-) monts. Tis!escription soul! inclu!e suc m#tters #s
(#) # !iscussion of o' lon" te re"istr#nt c#n s#tisf% its c#s re3uirements
#n! 'eter it 'ill #ve to r#ise #!!ition#l fun!s in te net t'elve
(1-) monts+
(b) # summ#r% of #n% pro!uct rese#rc #n! !evelopment t#t te
re"istr#nt 'ill perform for te term of te pl#n+
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(c) #n% epecte! purc#se or s#le of pl#nt #n! si"nific#nt e3uipment+ #n!
(!) #n% epecte! si"nific#nt c#n"es in te number of emplo%ees.
(-) :#n#"ement5s Discussion #n! An#l%sis
:DA elps epl#in fin#nci#l results. A re#!er of te :DA soul! un!erst#n!te fin#nci#l results of te re"istr#nt5s business #s !iscusse! in te FBusinessGsection. It s#ll provi!e inform#tion 'it respect to li3ui!it%& c#pit#l resources#n! oter inform#tion necess#r% to un!erst#n!in" te re"istr#nt5s fin#nci#lcon!ition #n! results of oper#tion.
Te !iscussion #n! #n#l%sis s#ll focus specific#ll% on m#teri#l events #n!
uncert#inties ,no'n to m#n#"ement t#t 'oul! c#use reporte! fin#nci#l
inform#tion not to be necess#ril% in!ic#tive of future oper#tin" results or of
future fin#nci#l con!ition. Tis 'oul! inclu!e !escriptions #n! #mounts of
m#tters t#t 'oul! #ve #n imp#ct on future oper#tions #n! #ve not #! #n
imp#ct in te p#st& #n! m#tters t#t #ve #! #n imp#ct on reporte!
oper#tions #n! #re not epecte! to #ve #n imp#ct upon future oper#tions.
F' "# ull i*&$l +e$'* $n in"e'i! %e'i*, i*&l*e "#e &!%$n+* $n i"*!$.'i"+-/ne *u*ii$'ie* "% ive (0) e+ %e''!$n&e ini&$"'* I"*#$ll in&lue $ i*&u**in "#e !$nne' + /#i "#e &!%$n+ &$l&ul$"e* 'ien"iie* "#e ini&$"'* %'e*en"e n $ &!%$'$le $*i*
(#) ull fisc#l %e#rs
Discuss te re"istr#nt7s fin#nci#l con!ition& c#n"es in fin#nci#l
con!ition #n! results of oper#tions for e#c of te l#st tree fisc#l
%e#rs. If te re"istr#nt5s fin#nci#l st#tement so's losses from
oper#tions& epl#in te c#uses of tese losses #n! te steps te
re"istr#nt #s t#,en or is t#,in" to #!!ress tese c#uses. Tis!iscussion soul! #!!ress te p#st #n! future fin#nci#l con!ition #n!
results of oper#tion of te re"istr#nt& 'it p#rticul#r emp#sis on te
prospects for te future. Te !iscussion soul! #lso #!!ress tose ,e%
v#ri#ble #n! oter 3u#lit#tive #n! 3u#ntit#tive f#ctors 'ic #re
necess#r% to #n un!erst#n!in" #n! ev#lu#tion of te re"istr#nt. If
m#teri#l& te re"istr#nt soul! !isclose te follo'in"
(i) An% ,no'n tren!s or #n% ,no'n !em#n!s& commitments&
events or uncert#inties t#t 'ill result in or t#t #re re#son#bl%
li,el% to result in te re"istr#nt5s li3ui!it% incre#sin" or
!ecre#sin" in #n% m#teri#l '#%. Te re"istr#nt s#ll in!ic#te
b#l#nce seet con!itions or income or c#s flo' items t#t it
believes m#% be in!ic#tors of its li3ui!it% con!ition. Te
follo'in" con!itions s#ll be in!ic#te! 'eter or not te
re"istr#nt is #vin" or #nticip#tes #vin" 'itin te net t'elve
(1-) monts #n% c#s flo' or li3ui!it% problems+ 'eter or not
te re"istr#nt is in !ef#ult or bre#c of #n% note& lo#n& le#se or
oter in!ebte!ness or fin#ncin" #rr#n"ement re3uirin" it to
m#,e p#%ments+ 'eter or not # si"nific#nt #mount of te
re"istr#nt5s tr#!e p#%#bles #ve not been p#i! 'itin te
st#te! tr#!e terms. If # m#teri#l !eficienc% is i!entifie!& te
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course of #ction t#t te re"istr#nt #s t#,en or proposes to
t#,e to reme!% te !eficienc% soul! #lso be in!ic#te!. Te
re"istr#nt soul! i!entif% #n! sep#r#tel% !escribe intern#l #n!
etern#l sources of li3ui!it%& #n! briefl% !iscuss #n% sources of
li3ui! #ssets use!.
Te term Fli3ui!it%G refers to te #bilit% of #n enterprise to"ener#te #!e3u#te #mount of c#s to meet its nee!s for c#s.
=i3ui!it% "ener#ll% must be !iscusse! on bot # lon"2term #n!
sort2term b#sis.
(ii) 0ny events that ill trigger direct or contingent financialobligation that is material to the company, including anydefault or acceleration of an obligation
(iii) 0ll material off'balance sheet transactions, arrangements,obligations (including contingent obligations), and otherrelationships of the company ith unconsolidated entitiesor other persons created during the reporting period.
(iv) An% m#teri#l commitments for c#pit#l epen!itures& te
"ener#l purpose of suc commitments& #n! te epecte!
sources of fun!s for suc epen!itures soul! be !escribe!+
(v) An% ,no'n tren!s& events or uncert#inties t#t #ve #! or
t#t #re re#son#bl% epecte! to #ve # m#teri#l f#vor#ble or
unf#vor#ble imp#ct on net s#les or revenues or income from
continuin" oper#tions soul! be !escribe!. If te re"istr#nt
,no's of events t#t 'ill c#use m#teri#l c#n"e in te
rel#tionsip bet'een costs #n! revenues (suc #s ,no'n future
incre#ses in cost of l#bor or m#teri#ls or price incre#ses or
inventor% #!ustments)& te c#n"e in te rel#tionsip s#ll be!isclose!.
(vi) An% si"nific#nt elements of income or loss t#t !i! not #rise
from te re"istr#nt7s continuin" oper#tions+
(vii) Te c#uses for #n% m#teri#l c#n"e from perio! to perio!
hich shall include vertical and hori1ontal analyses of anymaterial item
%he term 2material3 in this section shall refer to changesor items amounting to five percent (*4) of the relevant
accounts or such loer amount, hich the registrant deemsmaterial on the basis of other factors.
(viii) An% se#son#l #spects t#t #! # m#teri#l effect on te fin#nci#l
con!ition or results of oper#tions.
(b) Interim Perio!s
If interim fin#nci#l st#tements #re inclu!e! in te re"istr#tion
st#tement or report& provi!e # comp#r#ble !iscussion t#t 'ill en#ble
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4. In determining hether any disagreement or reportable event has occurred, an
oral communication from the engagement partner or another person responsible
for rendering the accounting firm1s opinion (or their designee) ill generally
suffice as the accountant advising the registrant of a reportable event or as a
statement of a disagreement at the decisionma5ing level ithin the accounting
firm and reuires disclosure under this Item.
******************************************************************
PART IH :ANA;=DERS
(A) Directors& Eecutive ;fficers& Promoters #n! 4ontrol Persons Tis section re3uires
!isclosure of inform#tion concernin" te b#c,"roun! of te re"istr#nt5s officers&
!irectors& #n! oter ,e% personnel. A potenti#l investor 'o re#!s tis section soul!
be #ble to consi!er 'eter or not tese persons #ve #!e3u#te b#c,"roun! #n!
eperience to !evelop #n! oper#te te re"istr#nt5s business #n! m#,e it successful.
(1) I!entif% Directors& Inclu!in" In!epen!ent Directors& #n! Eecutive ;fficers
(#) =ist te n#mes& #"es $n &i"i3en*#i% of #ll !irectors& inclu!in"in!epen!ent !irectors& eecutive officers #n! #ll persons nomin#te! or
cosen to become suc 'ere re3uire! un!er Section $@ of te 4o!e
#n! SR4 Rule [email protected] #!opte! tereun!er+ #lso provi!e te n#mes of te
incorpor#tors in te c#se of #n investment comp#n%.
(b) =ist te positions #n! offices t#t e#c suc person el!& or 'ill ol!& if
,no'n& 'it te re"istr#nt+
(c)
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(9) Involvement in 4ert#in =e"#l Procee!in"s
Describe #n% of te follo'in" events t#t occurre! !urin" te p#st five (8)
%e#rs u% " l$"e*" $"e t#t #re m#teri#l to #n ev#lu#tion of te #bilit% orinte"rit% of #n% !irector& #n% nominee for election #s !irector& eecutive
officer& un!er'riter or control person of te re"istr#nt
(#) An% b#n,ruptc% petition file! b% or #"#inst #n% business of 'ic suc
person '#s # "ener#l p#rtner or eecutive officer eiter #t te time of
te b#n,ruptc% or 'itin t'o %e#rs prior to t#t time+
(b) An% conviction b% fin#l u!"ment& inclu!in" te n#ture of te offense&
in # crimin#l procee!in"& !omestic or forei"n& or bein" subect to #
pen!in" crimin#l procee!in"& !omestic or forei"n& eclu!in" tr#ffic
viol#tions #n! oter minor offenses+
(c) Bein" subect to #n% or!er& u!"ment& or !ecree& not subse3uentl%
reverse!& suspen!e! or v#c#te!& of #n% court of competent
uris!iction& !omestic or forei"n& perm#nentl% or tempor#ril%
enoinin"& b#rrin"& suspen!in" or oter'ise limitin" is involvement in#n% t%pe of business& securities& commo!ities or b#n,in" #ctivities+ #n!
(!) Bein" foun! b% # !omestic or forei"n court of competent uris!iction
(in # civil #ction)& te 4ommission or comp#r#ble forei"n bo!%& or #
!omestic or forei"n Ec#n"e or oter or"#ni*e! tr#!in" m#r,et or self
re"ul#tor% or"#ni*#tion& to #ve viol#te! # securities or commo!ities
l#' or re"ul#tion& #n! te u!"ment #s not been reverse!& suspen!e!&
or v#c#te!.
****************************************************************
Instructions to Part I6, Paragraph (A)(4)
$. or purposes of computing the five (') year period referred to in this paragraph, the disclosure
period applicable to a final conviction, order, 3udgment, decree or sanction shall begin ith its date
of entry. he disclosure period applicable to a final order shall commence hen the rights of appeal
from such order have lapsed. Any conviction, order, 3udgment, decree or sanction that is appealed
shall continue to be disclosed until ultimately reversed, suspended vacated, annulled or otherise
rendered of no effect, at hich time disclosure shall no longer be reuired. 7ith respect to
ban5ruptcy and insolvency proceedings, the computation date shall be the date of filing for
uncontested petitions or the date upon hich approval of a contested petition became final. In the
case of receiverships and conservatorships, the computation date shall be the date the receiver or
conservator as appointed.
2. he registrant is permitted to eplain any mitigating circumstances associated ith actions reportedpursuant to subparagraph (4).
&. If the information called for by subparagraph (4) is being presented in a proy or information
statement, no information need be given respecting any director hose term of office as a director
ill not continue after the meeting to hich the statement relates.
4. If the registrant is a partnership or a trust, the information reuired by subparagraph (4) shall be
provided ith respect to each general partner of the partnership, each trustee of the trust, and any
other person providing services to such entities that are comparable to those provided by the persons
Annex C SRC Rule 12
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identified in this subparagraph. 7here management services are provided to the registrant by outside
parties pursuant to management or service contract or otherise, the information called for by
subparagraph (4) shall be disclosed ith respect to the persons identified, as ell as any other person
providing comparable services on behalf of the registrant.
****************************************************************
(B) Eecutive 4ompens#tion.
(1)
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bonus for te l#st complete! fisc#l %e#r (#s re3uire! to be !isclose! pursu#nt to p#r#"r#p (B)(-)(#) #n!
(b)& but inclu!in" te peso v#lue of s#l#r% or bonus #mounts for"one pursu#nt to Instruction $ to
p#r#"r#p (B) (-) (b)(iii) #. #n! b. ereof.
JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
(c) Definition
or purposes ereof& te term %l$ninclu!es& but is not limite! to& tefollo'in" #n% pl#n& contr#ct& #utori*#tion or #rr#n"ement& 'eter
or not set fort in #n% form#l !ocuments& pursu#nt to 'ic te
follo'in" m#% be receive! c#s& stoc,& stoc, options& '#rr#nts&
convertible securities& #n! simil#r instruments. A pl#n m#% be
#pplic#ble to one person. Re"istr#nts m#% omit inform#tion re"#r!in"
"roup life& e#lt& ospit#li*#tion& me!ic#l reimbursement or
reloc#tion pl#ns t#t !o not !iscrimin#te in scope& terms or oper#tion&
in f#vor of eecutive officers or !irectors of te re"istr#nt #n! t#t #re
#v#il#ble "ener#ll% to #ll s#l#rie! emplo%ees.
(-) Summ#r% 4ompens#tion T#ble
(#)
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(b) Te T#ble s#ll inclu!e
(i) Te n#me #n! princip#l position of te eecutive officer
(column (#))+
(ii) isc#l %e#r covere! (column (b))+
(iii) Annu#l compens#tion& !irectl% or in!irectl%& (columns (c)& (!)
#n! (e)& inclu!in"
(A) Te peso v#lue of b#se s#l#r% (c#s #n! non2c#s)
e#rne! b% te n#me! eecutive officer !urin" te fisc#l
%e#r covere! (column (c)).
(B) Te peso v#lue of bonus (c#s #n! non2c#s) e#rne! b%
te n#me! eecutive officer !urin" te fisc#l %e#r
covere! (column (!))+ #n!
JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
Instructions to P#rt IH& P#r#"r#p (B) (-)(b)(iii) A #n! B
1. Amounts !eferre! #t te election of # n#me! eecutive officer s#ll be inclu!e! in te s#l#r%
column Lcolumn (c)M or bonus column Lcolumn (!)M& #s #ppropri#te& for te fisc#l %e#r in 'ic
e#rne!. If te #mount of s#l#r% or bonus e#rne! in # "iven fisc#l %e#r is not c#lcul#ble trou"
te l#test pr#ctic#ble !#te& t#t f#ct must be !isclose! in # footnote #n! suc #mount s#ll be
!isclose! in te subse3uent fisc#l %e#r in te #ppropri#te column for te fisc#l %e#r in 'ic
e#rne!.
-. or stoc, or #n% oter form of non2c#s compens#tion& !isclose te f#ir m#r,et v#lue #t te time
te compens#tion is #'#r!e!& e#rne! or p#i!.
$. Re"istr#nts nee! not inclu!e in te s#l#r% column Lcolumn (c)M or bonus column Lcolumn (!)M #n%
#mount of s#l#r% or bonus for"one #t te election of # n#me! eecutive officer pursu#nt to #
re"istr#nt pro"r#m un!er 'ic stoc,& stoc,2b#se! or oter forms of non2c#s compens#tion m#%
be receive! b% # n#me! eecutive in lieu of # portion of #nnu#l compens#tion e#rne! in #
covere! fisc#l %e#r. >o'ever& te receipt of #n% suc form of non2c#s compens#tion in lieu of
s#l#r% or bonus e#rne! for # covere! fisc#l %e#r s#ll be !isclose! in # footnote to te s#l#r% or
bonus column.
JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
c. Te peso v#lue of oter #nnu#l compens#tion not properl% c#te"ori*e!
#s s#l#r% or bonus& #s follo's Lcolumn (e)M
1. Per3uisites #n! oter person#l benefits& securities or propert%& if
te #""re"#te #mount of suc compens#tion is ten percent (1/0)
or more of te tot#l #nnu#l s#l#r% #n! bonus reporte! for te
n#me! eecutive officer in columns (c) #n! (!)+
-. Amounts reimburse! !urin" te fisc#l %e#r for te p#%ment of
t#es+ #n!
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$. Te peso v#lue of te !ifference bet'een te price p#i! b% #
n#me! eecutive officer for #n% securit% of te re"istr#nt or its
subsi!i#ries purc#se! from te re"istr#nt or its subsi!i#ries
(trou" !eferr#l of s#l#r% or bonus& or oter'ise)& #n! te f#ir
m#r,et v#lue of suc securit% #t te !#te of purc#se& unless t#t
!iscount is #v#il#ble "ener#ll%& eiter to #ll securit% ol!ers or to
#ll s#l#rie! emplo%ees of te re"istr#nt.
JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
Instructions to P#rt IH& P#r#"r#p (B)(-)(b)(iii)(4)
1. E#c per3uisite or oter person#l benefit ecee!in" t'ent% five percent (-80) of te tot#l per3uisites #n!
oter person#l benefits reporte! for # n#me! eecutive officer s#ll be i!entifie! b% t%pe #n! #mount in #
footnote or #ccomp#n%in" n#rr#tive !iscussion to column (e).
-. Per3uisites #n! oter person#l benefits s#ll be v#lue! on te b#sis of te #""re"#te increment#l cost to te
re"istr#nt #n! its subsi!i#ries.
JJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJJ
(iv) ;n line E& provi!e te inform#tion re3uire! b% columns (#)
trou" (e) in te #""re"#te for #ll officers #n! !irectors #s #
"roup& inclu!in" te n#me! eecutive officers& 'itout n#min"
te in!ivi!u#ls #n! irrespective of te #mount of teir
in!ivi!u#l compens#tion.
(v) Te inform#tion re3uire! b% column (#) trou" (e) m#% be
provi!e! in te #""re"#te for te 4E; #n! te four (9) most
i"l% compens#te! officers oter t#n te 4E;& #ll of 'om
s#ll be in!ivi!u#ll% n#me!.
($) 4ompens#tion of Directors
(#) St#n!#r! Arr#n"ements. Describe #n% st#n!#r! #rr#n"ements& st#tin"
#mounts& pursu#nt to 'ic !irectors of te re"istr#nt #re
compens#te!& or #re to be compens#te!& !irectl% or in!irectl%& for #n%
services provi!e! #s # !irector& inclu!in" #n% #!!ition#l #mounts
p#%#ble for committee p#rticip#tion or speci#l #ssi"nments& for te l#st
complete! fisc#l %e#r #n! te ensuin" %e#r.
(b) ;ter Arr#n"ements. Describe te m#teri#l terms of #n% oter
#rr#n"ements& inclu!in" consultin" contr#cts& pursu#nt to 'ic #n%
!irector of te re"istr#nt '#s compens#te!& or is to be compens#te!&!irectl% or in!irectl%& !urin" te re"istr#nt7s l#st complete! fisc#l %e#r&
#n! te ensuin" %e#r& for #n% service provi!e! #s # !irector& st#tin" te
#mount p#i! #n! te n#me of te !irector.
(9) Emplo%ment 4ontr#cts #n! Termin#tion of Emplo%ment #n! 4#n"e2in24ontrol
Arr#n"ements.
Describe te terms #n! con!itions of e#c of te follo'in" contr#cts or
#rr#n"ements
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(#) An% emplo%ment contr#ct bet'een te re"istr#nt #n! # n#me!
eecutive officer+ #n!
(b) An% compens#tor% pl#n or #rr#n"ement& inclu!in" p#%ments to be
receive! from te re"istr#nt& 'it respect to # n#me! eecutive
officer& if suc pl#n or #rr#n"ement results or 'ill result from te
resi"n#tion& retirement or #n% oter termin#tion of suc eecutiveofficer7s emplo%ment 'it te re"istr#nt #n! its subsi!i#ries or from #
c#n"e2in2control of te re"istr#nt or # c#n"e in te n#me! eecutive
officer7s responsibilities follo'in" # c#n"e2in2control #n! te #mount
involve!& inclu!in" #ll perio!ic p#%ments or inst#llments& 'ic
ecee!s P-&8//&///.
(8) #rr#nts #n! ;ptions ;utst#n!in" Repricin"
(#) urnis inform#tion on #ll outst#n!in" '#rr#nts or options el! b% te
re"istr#nt7s 4E;& te n#me! eecutive officers& #n! #ll officers #n!
!irectors #s # "roup. Tis inform#tion s#ll be furnise! in t#bul#r
form so'in" te #mount of '#rr#nts or options el! b% te 4E; #n!
e#c of te n#me! eecutive officers& #n! #ll officers #n! !irectors #s# "roup& tot#l '#rr#nts or options outst#n!in"& !#te of "r#nt& eercise
price& m#r,et price on te !#te of "r#nt& te epir#tion !#te #n! #
!et#ile! st#tement #s to te pl#n or sceme b% 'ic s#i! '#rr#nts or
options s#ll be eercise!.
(b) If #t #n% time !urin" te l#st complete! fisc#l %e#r& te re"istr#nt&
'ile # reportin" comp#n%& #s #!uste! or #men!e! te eercise price
of stoc, '#rr#nts or options previousl% #'#r!e! to #n% of te officers
#n! !irectors covere! b% subp#r#"r#p (#) ereof& 'eter trou"
#men!ment& c#ncell#tion or repl#cement "r#nts& or #n% oter me#ns&
te re"istr#nt s#ll epl#in in re#son#ble !et#il #n% suc repricin" of
'#rr#nts or options el! b% suc officers or !irectors in te l#st
complete! fisc#l %e#r& #s 'ell #s te b#sis for e#c suc repricin".
(4) Securit% ;'nersip of 4ert#in Recor! #n! Benefici#l ;'ners #n! :#n#"ement.
(1) Securit% ;'nersip of 4ert#in Recor! #n! Benefici#l ;'ners
4omplete te t#ble belo' for #n% person (inclu!in" #n% C"roupC) 'o is ,no'n
to te re"istr#nt to be !irectl% or in!irectl% te recor! and/or benefici#l o'ner(see !efinition belo') of more t#n 80 of #n% cl#ss of re"istr#nt7s votin"
securities.
KKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK(1) Title of cl#ss (-) N#me& #!!ress (8) N$!e 7enei&i$l (9) Ci"i3en*#i% (8) N S#$'e* (?) Percent
of recor! o'ner$n O/ne' $n Rel$"in*#i% 9el
'el$"in*#i% /i"# i**ue' /i"# Re&' O/ne'
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(#) 7enei&i$l O/ne' s#ll me#n
(i) An% person 'o& !irectl% or in!irectl%& trou" #n% contr#ct&
#rr#n"ement& un!erst#n!in"& rel#tionsip or oter'ise #s or
s#res
A. votin" po'er& 'ic inclu!es te po'er to vote& or to
!irect te votin" of& suc securit%+ or
B. investment returns or po'er& 'ic inclu!es te po'er
to !ispose& or to !irect te !isposition of& suc
securit%.
(ii) An% person 'o& !irectl% or in!irectl%& cre#tes or uses # trust&
pro%& po'er of #ttorne%& poolin" #rr#n"ement or #n% oter
contr#ct& #rr#n"ement or !evice 'it te purpose or effect of
!ivestin" suc person of benefici#l o'nersip of # securit% or
preventin" te vestin" of suc benefici#l o'nersip.
In #re#s covere! b% n#tion#lit% re3uirements of te
4onstitution& #n! # corpor#tion is n#me! or reporte! #s #
benefici#l o'ner& te benefici#l o'nersip of t#t corpor#tion
s#ll be tr#ce! #s f#r b#c, #s necess#r% to fin! te #ctu#l
n#tur#l person& or n#tur#l persons #ctin" to"eter& to !irect
te votin" or !isposition of te s#res el! b% te corpor#tion.
(b) or purposes of tis p#r#"r#p (4)& te term C4'u%C s#ll me#n t'o ormore persons #ctin" #s # p#rtnersip& s%n!ic#te& or oter "roup for te
purpose of #c3uirin"& ol!in" or !isposin" of securities of #n issuer.
********************************************************************
Instructions to Part I6, Paragraph (C)
$. :f the number of shares shon in column (&) of paragraph (C)($) and (2), state in a footnote the
amount of additional shares hich the listed beneficial or record oner has the right to acuire
ithin thirty (&) days, from options, arrants, rights, conversion privilege or similar obligations, or
otherise.
2. Calculate the percentages in column (4) on the basis of the amount of outstanding securities plus, for
each person or group, any securities that person or group has the right to acuire ithin thirty (&)
days pursuant to options, arrants, conversion privileges or other rights.
&. All securities of the same class beneficially oned by a person, regardless of the form that suchbeneficial onership ta5es, shall be totaled in calculating the number of shares beneficially oned by
such person.
4. 7here the registrant lists more than one beneficial oner for the same securities, adeuate
disclosure should be included to avoid confusion.
*******************************************************************
Annex C SRC Rule 12
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(D) 4ert#in Rel#tionsips #n! Rel#te! Tr#ns#ctions.
Tis item re3uires etensive !isclosure of tr#ns#ctions (or series of simil#r tr#ns#ctions)'it or involvin" te comp#n% or #n% of its subsi!i#ries in 'ic # !irector& eecutiveofficer& or stoc,ol!er o'ns ten percent (1/0) or more of tot#l outst#n!in" s#res #n!
members of teir imme!i#te f#mil% #! or is to #ve # !irect or in!irect m#teri#linterest. 4ompl%in" 'it tis item re3uires # ver% c#reful revie' of #ll tr#ns#ctionst#t involve insi!ers or teir imme!i#te f#milies !urin" te l#st t'o %e#rs.
(1) Describe #n% tr#ns#ction !urin" te l#st t'o %e#rs& or propose! tr#ns#ctions& to
'ic te re"istr#nt '#s or is to be # p#rt%& in 'ic #n% of te follo'in"
persons #! or is to #ve # !irect or in!irect m#teri#l interest.
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in!irectl%& from te issuer #n! te n#ture #n! #mount of #n% #ssets&
services or oter consi!er#tion receive! or to be receive! b% te
re"istr#nt+ #n!
(b) As to #n% #ssets #c3uire! or to be #c3uire! from # promoter& st#te te
#mount #t 'ic te #ssets 'ere #c3uire! or #re to be #c3uire! #n!
te principle follo'e! or to be follo'e! in !eterminin" suc #mount#n! i!entif% te persons m#,in" te !etermin#tion #n! teir
rel#tionsip& if #n%& 'it te re"istr#nt or #n% promoter. If te #ssets
'ere #c3uire! b% te promoter 'itin t'o %e#rs prior to teir tr#nsfer
to te issuer& #lso st#te te cost tereof to te promoter.
(8) or purposes of tis P#rt IH& p#r#"r#p (D)& # person !oes not #ve #n in!irect
m#teri#l interest in # tr#ns#ction 'ere
(#) Te interest #rises onl%
(i) from suc person7s position #s # !irector of #noter corpor#tion
or or"#ni*#tion (oter t#n # p#rtnersip) 'ic is # p#rt% to
te tr#ns#ction+ #n!6or
(ii) from te tot#l o'nersip (!irect or in!irect) b% #ll specifie!
persons of less t#n # five percent (80) e3uit% interest in
#noter person (oter t#n # p#rtnersip) 'ic is # p#rt% to
te tr#ns#ction+
(b) Te interest #rises onl% from suc person7s position #s # limite! p#rtner
in # p#rtnersip in 'ic e #n! #ll oter specifie! persons #! #n
interest of less t#n five percent (80)+ or
(c) Te interest of suc person #rises solel% from ol!in" #n e3uit% interest
(but not # "ener#l p#rtnersip interest) or # cre!itor interest in
#noter person t#t is # p#rt% to te tr#ns#ction #n! te tr#ns#ction is
not m#teri#l to suc oter person.
************************************************************
Instructions to Part I6, Paragraph (%)
$. Include information for any material underriting discounts and commissions upon the sale of
securities by the registrant here any of the specified persons as or is to be an underriter or is a
controlling person or member of a firm that as or is to be an underriter.
2. As to any transaction involving the purchase or sale of assets by or to the registrant other than in the
ordinary course of business, state the cost of the assets to the purchaser and if acuired by the seller
ithin to years before the transaction, the cost thereof to the seller.
*********************************************************
6ART ; COR6ORATE
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(a) %he evaluation system established by the company to measure or determinethe level of compliance of the 5oard of Directors and top'level managementith its 6anual of$orporate 7overnance
(b) 6easures being undertaken by the company to fully comply ith the adoptedleading practices on good corporate governance
(c) 0ny deviation from the company&s 6anual of $orporate 7overnance. It shallinclude a disclosure of the name and position of the person/s involved, andthe sanction/s imposed on said individual
(d) 0ny plan to improve corporate governance of the company.
PART ;IRE
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(!) Brief !escription of use of procee!s from te offerin"+
(e) Un!er'riters7 fees+
(f) Divi!en! polic%+
(") A!!ress #n! telepone number of te comp#n%7s princip#l office.
(-) T#ble of 4ontents.
($) Brief !escription of te comp#n%7s business. :ore !et#ile! inform#tion s#ll beprovi!e! in te bo!% of te prospectus un!er Item 11 of SE4 orm 1-21.
(9) Summ#r% p#r#"r#p or ,e% points c#r#cteri*in" te ris,s of te offerin" un!erte c#ption FRis,s of Investin"G. :ore !et#ile! inform#tion s#ll be provi!e!un!er Item $ of SE4 orm 1-21.
(8) Summ#r% fin#nci#l inform#tion in t#bul#r or "r#pic form 'ic is useful topotenti#l investors. Suc inform#tion s#ll be summ#ri*e! from te more!et#ile! fin#nci#l st#tement inform#tion re3uire! un!er Item 1- of SE4 orm 1-21. D#t# s#ll inclu!e& but nee! not be limite! to& te follo'in"
(#) Abbrevi#te! income st#tement !#t# for prior t'o %e#rs+
(b) Abbrevi#te! b#l#nce seet !#t# for te prior t'o %e#rs.
(?) A
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'ole or in p#rt& or not provi!e #n #!e3u#te return). Tese f#ctors m#% inclu!emon" oter tin"s& #n #bsence of oper#tin" istor% of te re"istr#nt& no recent profitfrom oper#tions& poor fin#nci#l position& te ,in! of business in 'ic te re"istr#nt isen"#"e! or proposes to en"#"e& or no m#r,et for te re"istr#nt7s securities.
Discuss ho the company shall manage the risks mentioned above.
(D) Speci#li*e! Re"istr#nts.
(1) Investment 4omp#nies
In #!!ition to te oter re3uirements cont#ine! erein #s #ppropri#te& te
prospectus of #n investment comp#n% s#ll cont#in
(#) # !escription of te investment fun!& its cl#ssific#tion in #ccor!#nce
'it c#te"ories st#te! in rules #!opte! un!er te Investment 4omp#n%
Act& its investment obectives #n! initi#l investment pl#ns.
(b) # st#tement of investment restrictions& inclu!in" ceilin"s per comp#n%
or in!ustr%& li3ui!it% st#n!#r!s #n! portfolio mi+
(c) terms of te issue #n! pricin" of securities issue! or to be issue! b% te
investment comp#n%& s#les lo#!& minimum si*e re3uirements& income
!istribution polic% #n! proce!ures in te purc#se #n! s#le of suc
securities+
(!) in te c#se of re!eem#ble securities& te meto! #n! b#sis of
comput#tion of net #sset v#lue+ m#nner #n! meto! of re!emption+
#utori*e! re!emption centers+ minimum ol!in" perio!s+ #n!
re!emption c#r"es& if #n%+
(e) te etent of p#rticip#tion or o'nersip b% members of te Bo#r! of
Directors #n! m#n#"ement in te e3uit% #n!6or !ebt securities issue!b% te investment comp#n%+
(f) princip#l responsibilities of te un!er'riters& sellin" #"ents&
investment #!visors6m#n#"ers& custo!i#n #n! in!epen!ent #u!itor+
(") #u!ite! fin#nci#l st#tements #s of # !#te not e#rlier t#n ninet% (/)
!#%s from te !#te of te filin" of te re"istr#tion st#tement+ #n!
() sce!ule of investments (portfolio) in!ic#tin" issuer& cost #n! m#r,et
v#lue.
(E) Use of Procee!s
(1) St#te te princip#l purposes for 'ic te net procee!s of te offerin" 'ill be
use!& in!ic#tin" te #pproim#te #mount inten!e! to be use! for e#c suc
purpose. ere te re"istr#nt #s no current specific pl#n for te procee!s& or
# si"nific#nt portion tereof& te re"istr#nt s#ll so st#te #n! !iscuss te
princip#l re#sons for te offerin".
ere less t#n #ll of te securities to be offere! m#% be sol! #n! more t#n
one use is liste! for te procee!s& te re"istr#nt s#ll in!ic#te te or!er of
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priorit% of suc purposes #n! !iscuss its pl#ns if subst#nti#ll% less t#n te
m#imum procee!s #re obt#ine!.
If #n% m#teri#l #mounts of oter fun!s #re necess#r% to #ccomplis te
specifie! purpose(s) for 'ic te offerin" is m#!e& te re"istr#nt s#ll st#te
te #mounts #n! sources of suc oter fun!s nee!e!.
If # m#teri#l #mount of procee!s 'ill !isc#r"e !ebt& st#te te interest r#te#n! m#turit%. If t#t !ebt '#s incurre! 'itin one %e#r& !escribe te use ofte procee!s of t#t !ebt.
If #n% m#teri#l #mount of te procee!s is to be use! to #c3uire #ssets orfin#nce te #c3uisitions of oter businesses& !escribe te #ssets or businesses#n! i!entif% te persons from 'om te% 'ill be bou"t. St#te te cost of te#ssets #n!& 'ere suc #ssets #re to be #c3uire! from #ffili#tes of tere"istr#nt or teir #ssoci#tes& "ive te n#mes of te persons from 'om te%#re to be #c3uire! #n! set fort te principle follo'e! in !eterminin" te costto te re"istr#nt.
Epl#in if #n% of te procee!s #re to be use! to reimburse #n% officer& !irector&emplo%ee or s#reol!er for services ren!ere!& #ssets previousl% tr#nsferre!&mone% lo#ne! or #!v#nce!& or oter'ise.
(2) Di*&l*e "#e e:%en*e* /#i *#$ll e eu&"e ' %$i u" "#e 4'**%'&ee*
($) Investment 4omp#nies
St#te t#t te procee!s from te s#le of securities& inclu!in" te ori"in#l
subscription p#%ments #t te time of incorpor#tion constitutin" te ori"in#l
p#i!2in c#pit#l of te investment comp#n%& s#ll be el! b% # custo!i#n b#n,
referre! to in rules #!opte! un!er te Investment 4omp#n% Act.
() Determin#tion of ;fferin" Price.
Discuss the various factors considered in determining the offering price of thesecurities for registration.
Te follo'in" f#ctors m#% be relev#nt to te price #t 'ic te securities #re bein"
offere! #fter2t# e#rnin"s& price6e#rnin"s multiple& net t#n"ible boo, v#lue pers#re.
(
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securities #re bein" re"istere! b% # re"istr#nt t#t #s #! losses in e#c of its l#st
tree fisc#l %e#rs& or from inception if sorter& #n! tere is # m#teri#l !ilution of te
purc#sers7 e3uit% interest& te follo'in" s#ll be !isclose!
(1) Te net t#n"ible boo, v#lue per s#re before #n! #fter te !istribution. or
tis purpose& net t#n"ible boo, v#lue me#ns tot#l #ssets (eclusive of
cop%ri"ts& p#tents& "oo!'ill& rese#rc #n! !evelopment costs& pre2oper#tin"costs& #n! simil#r int#n"ible #ssets) minus tot#l li#bilities.
(-) Te #mount of te incre#se in suc net t#n"ible boo, v#lue per s#re
#ttribut#ble to te c#s p#%ments m#!e b% purc#sers of te s#res bein"
offere!+ #n!
($) Te #mount of te imme!i#te !ilution from te public offerin" price 'ic 'ill
be #bsorbe! b% suc purc#sers.
>. Sellin" Securit% >ol!ers.
If #n% of te securities to be re"istere! #re to be offere! for te #ccount ofsecurit% ol!ers& n#me e#c suc securit% ol!er& in!ic#te te n#ture of #n% position&
office& or oter m#teri#l rel#tionsip 'ic te sellin" securit% ol!er #s #! 'itin
te p#st tree %e#rs 'it te re"istr#nt or #n% of its pre!ecessors or #ffili#tes& #n!
st#te te #mount of securities of te cl#ss o'ne! b% suc securit% ol!er prior to te
offerin"& te #mount to be offere! for te securit% ol!er7s #ccount& te #mount #n! (if
one percent or more) te percent#"e of te cl#ss to be o'ne! b% suc securit% ol!er
#fter completion of te offerin".
*******************************************************************
Instruction to Part 6I, Paragraph (;)
#esponses to Part 6, paragraph (;) may be combined ith disclosure in response to Part I6, Paragraph
(C), "ecurity :nership of Certain #ecord and -eneficial :ners and
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securities of te offerin"& so st#te& #n! submit # cop% of te #"reement
or& if or#l& st#te te subst#nce tereof.
(c) Disclose hether or not the underriter or marketer is licensed bythe $ommission to engage in underriting or distribution ofsecurities to the public, or the status of its application, if not yet
licensed.
(-) Ne' un!er'riters
Describe te business eperience of te le#! un!er'riter. If suc un!er'riter
#s been in business less t#n tree %e#rs& st#te teir princip#l business
function #n! i!entif% #n% m#teri#l rel#tionsips bet'een te promoters of te
issuer #n! te un!er'riter(s). Tis inform#tion nee! not be "iven if te issuer
is # reportin" comp#n% #n! #n offerin" #s no m#teri#l ris,s.
($) ;ter Distributions
;utline briefl% te pl#n of !istribution of #n% securities to be re"istere! t#t
#re to be offere! oter t#n trou" un!er'riters.
(#) If #n% securities #re to be offere! pursu#nt to # !ivi!en! or interest
reinvestment pl#n te terms of 'ic provi!e for te purc#se of
some securities on te m#r,et& st#te 'eter te re"istr#nt or te
p#rticip#nt p#%s fees& commissions& #n! epenses incurre! in
connection 'it te pl#n. If te p#rticip#nt 'ill p#% suc fees&
commissions #n! epenses& st#te te #nticip#te! cost to p#rticip#nts
b% tr#ns#ction or oter convenient reference.
(b) If te securities #re to be offere! trou" te sellin" efforts of Bro,er
De#lers& !escribe te pl#n of !istribution #n! te terms of #n%
#"reement& #rr#n"ement& or un!erst#n!in" entere! into 'it Bro,er
De#lers prior to te effective !#te of te re"istr#tion st#tement&
inclu!in" volume limit#tions on s#les& p#rties to te #"reement #n! te
con!itions un!er 'ic te #"reement m#% be termin#te!. If ,no'n&
i!entif% te Bro,er De#ler 'ic 'ill p#rticip#te in te offerin" #n! st#te
te #mount to be offere! trou" e#c.
(c) If #n% of te securities bein" re"istere! #re to be offere! oter t#n for
c#s& st#te briefl% te "ener#l purposes of te !istribution& te b#sis
upon 'ic te securities #re to be offere!& te #mount of compens#tion
#n! oter epenses of !istribution& #n! b% 'om te% #re to be borne. If
te !istribution is to be m#!e pursu#nt to # pl#n of #c3uisition&
reor"#ni*#tion& re#!ustment or succession& !escribe briefl% te "ener#l
effect of te pl#n #n! st#te 'en it bec#me or is to become oper#tive.
(!) As to #n% m#teri#l #mount of #ssets to be #c3uire! un!er te pl#n&
oter t#n in te or!in#r% course of business& !escribe briefl% #n! st#te
te cost of te #ssets #n!& 'ere te #ssets #re to be #c3uire! from
#ffili#tes of te re"istr#nt or teir #ssoci#tes& "ive te n#mes of te
persons from 'om te% #re to be #c3uire! #n! set fort te principle
follo'e! in !eterminin" te cost to te re"istr#nt.
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(9) Un!er'riters7 4ompens#tion
(#) To te etent not set fort on te cover p#"e of te prospectus&
!escribe te !iscounts #n! commissions p#i! or to be p#i!& !irectl% orin!irectl%& to te un!er'riters.
(b) or purposes of tis p#r#"r#p (I)(9)& CcommissionsC s#ll inclu!e #ll
c#s& securities& contr#cts& or #n%tin" of v#lue& p#i!& to be set #si!e&
or !ispose! of& or un!erst#n!in"s 'it or for te benefit of #n% oter
person in 'ic #n% un!er'riter is intereste!& m#!e in connection 'it
te s#le of te securit% to be issue!. A commission p#i! or to be p#i!
in connection 'it te s#le of suc securit% b% # person in 'ic te
issuer #s #n interest or 'ic is controlle! b%& or un!er common
control 'it& te issuer s#ll be !eeme! to #ve been p#i! b% te
issuer. ere #n% suc commission is p#i!& te #mount of suc
commission p#i! to e#c un!er'riter s#ll be st#te!.
(8) Un!er'riter7s Represent#tive in te Bo#r! of Directors
Describe #n% #rr#n"ement 'ereb% te un!er'riter #s te ri"t to !esi"n#te
or nomin#te # member or members of te bo#r! of !irectors of te re"istr#nt.
I!entif% #n% !irector so !esi"n#te! or nomin#te! #n! in!ic#te #n% rel#tionsip
'it te re"istr#nt.
(?) Desi"n#te! S#res #n! Alloc#tions
St#te 'eter #n% s#res #re !esi"n#te! to be sol! to specifie! persons #n!& if
so& n#me tem #n! te #mount of te s#res to be so !esi"n#te!. St#te te
m#nner in 'ic s#res #re to be #lloc#te! to #n Ec#n"e #n!6or to its
members& or b% #n Ec#n"e to its members.
() Bro,ers6De#lers7 4ompens#tion
St#te briefl% te !iscounts #n! commissions to be #llo'e! or p#i! to Bro,er De#lers&
inclu!in" #ll c#s& securities& contr#cts or oter consi!er#tions to be receive! b% #n%
Bro,er De#ler in connection 'it te s#le of te securities.
(O) in!ers
I!entif% #n% fin!er #n!& if #pplic#ble& !escribe te n#ture of #n% m#teri#l rel#tionsip
bet'een suc fin!er #n! te re"istr#nt& its officers& !irectors& princip#l stoc,ol!ers&fin!ers or promoters or te un!er'riter(s)& or if tere is # le#! un!er'riter(s)& te le#!
un!er'riter(s)& (inclu!in"& in e#c c#se& #ffili#tes or #ssoci#tes tereof).
(=) Interests of N#me! Eperts #n! In!epen!ent 4ounsel
(1) Direct or In!irect Interest in Re"istr#nt
If #n CepertC or Cin!epen!ent counselC ire! on # contin"ent b#sis 'ill receive
# !irect or in!irect interest in te re"istr#nt or '#s # promoter& un!er'riter&
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votin" trustee& !irector& officer& or emplo%ee& of te re"istr#nt& !escribe te
contin"ent b#sis& interest& or connection= provided, hoever& te re"istr#nt
!oes not nee! to !isclose te interest of #n epert (oter t#n #n #ccount#nt)
or in!epen!ent counsel if teir interest (inclu!in" te f#ir m#r,et v#lue of #ll
securities of te re"istr#nt receive! #n! to be receive!& or subect to options&
'#rr#nts or ri"ts receive! or to be receive!) !oes not ecee! P 8//&///.//.
(-) Definitions
(#) Epert is # person 'o is n#me! #s prep#rin" or certif%in" #ll or p#rt of
te re"istr#nt7s re"istr#tion st#tement or # report or v#lu#tion for use
in connection 'it te re"istr#tion st#tement.
(b) In!epen!ent 4ounsel is in!epen!ent counsel n#me! in te prospectus#s #vin" "iven #n opinion on te v#li!it% of te securities bein"
re"istere! or upon oter le"#l m#tters concernin" te re"istr#tion or
offerin" of te securities.
(:) ;ter Epenses of Issu#nce #n! Distribution.
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@ Hotin" Trust A"reement
:#teri#l 4ontr#cts x
1/ Annu#l Report to Securit% >ol!ers& ;R:
12Q or Qu#rterl% Report to
Securit% >ol!ersn1
11 :#teri#l orei"n P#tents
1- =etter re Un#u!ite! Interim in#nci#lInform#tion
1$ =etter re 4#n"e in 4ertif%in"
Account#nt22n-
19 =etter re Director Resi"n#tion
18 =etter re 4#n"e in Accountin" Principles
1? Report urnise! to Securit% >ol!ers
1 ;ter Documents or St#tements to Securit%
>ol!ers
1@ Subsi!i#ries of te Re"istr#nt
1 Publise! Report Re"#r!in" :#tters
Submitte! to Hote of Securit% >ol!ers
-/ 4onsents of Eperts #n! In!epen!ent
4ounsel
2n$ 2n$ 2n$
-1 (#) Po'er of Attorne%
(b) Po'er of Attorne%orei"n Re"istr#nt
-- St#tement of Eli"ibilit% of Trustee
-$ Eibits To Be ile! it C!!e'&i$l
6$%e'*@Bon! Issues
-9 Eibits To Be ile! it Stoc, ;ptions
Issues
-8 Eibits To Be ile! B% Investment
4omp#nies
-? N"$'i3e4urriculum Hit#e #n!
Poto"r#ps of ;fficers #n! :embers ofte Bo#r! of Directors
- 4op% of te B;I 4ertific#te for B;I
Re"istere! 4omp#nies
-@ Autori*#tion re Re"istr#nt5s B#n,
Accounts.
- A!!ition#l Eibits
$/ 4op% of Bo#r! Resolution #pprovin" te
securities offerin" #n! #utori*in" te
filin" of te Re"istr#tion St#tement
$1 Dul% verifie! resolution of te issuer5s
Bo#r! of Directors #pprovin" te
!isclosures cont#ine! in te re"istr#tion
st#tement #n! #ssumin" li#bilit% for te
inform#tion cont#ine! terein
$- Se&'e"$'+* Ce'"ii&$"e $* " $%"in +
"#e 7$' &e'"$in &'%'$"e
4ve'n$n&e %'in&i%le*
$$ E:#ii"* " e ile ' %'%'ie"$'+ '
nn-%'%'ie"$'+ *#$'e* i**ue*
$9 E:#ii"* " e ile ' =$''$n"* I**ue*
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n1 In te c#se of SE4 orm 12A& 'ere te #nnu#l report to securit% ol!ers is
incorpor#te! b% reference into te tet of ;R: 12A. Note SR4 Rule 1-.- proibits
inform#tion from bein" incorpor#te! b% reference to te prospectus.
n- If re3uire! pursu#nt to P#rt III& p#r#"r#p B($) of tis Anne 4.
n$ ere te opinion of te epert or in!epen!ent counsel #s been incorpor#te! b%
reference to # previousl% file! SE4 orm 1-21 re"istr#tion st#tement.
(B) Description of Eibits.
Set fort belo' is # !escription of e#c !ocument liste! in te eibit t#ble.
(1) Public#tion of Notice re ilin"
An un!ert#,in" t#t re"istr#nt 'ill publis notice of te filin" of te
re"istr#tion st#tement once per 'ee, for t'o consecutive 'ee,s in t'o
ne'sp#pers of "ener#l circul#tion in te Pilippines st#tin" t#t # re"istr#tion
st#tement for te s#le of te subect securities #s been file! 'it te4ommission& t#t it #n! te p#pers #tt#ce! tereto #re open for inspection #t
te 4ommission !urin" business ours b% intereste! p#rties& t#t copies tereof
c#n be obt#ine! #t te 4ommission #t # re#son#ble c#r"e. Te re3uire!
form#t for te public#tion is cont#ine! in Anne A ereto. Tis notice s#ll be
file! 'it tis eibit.
(-) Un!er'ritin" A"reement
E#c un!er'ritin" contr#ct or #"reement 'it #n un!er'riter for te
!istribution of securities.
($) Pl#n of Ac3uisition& Reor"#ni*#tion& Arr#n"ement& =i3ui!#tion or Succession
An% suc pl#n !escribe! in te filin". Sce!ules or #tt#cments m#% be
omitte! if te% #re liste! in te in!e #n! provi!e! to te 4ommission upon
re3uest.
(9) Articles of Incorpor#tion #n! B%l#'s
(#) A complete cop% of te #rticles of incorpor#tion. enever
#men!ments to #rticles of incorpor#tion #re file!& # complete cop% of
te #rticles& #s #men!e!& s#ll be file!.
(b) A complete cop% of te b%2l#'s. enever #men!ments to te b%l#'s
#re file!& # complete cop% of te b%2l#'s #s #men!e! s#ll be file!.
(8) Instruments Definin" Te Ri"ts of Securit% >ol!ers& Inclu!in" In!entures
(#) All instruments !efinin" te ri"ts of ol!ers of te e3uit% or !ebt
securities bein" re"istere! inclu!in"& 'ere #pplic#ble& te relev#nt
portion of te #rticles of incorpor#tion or b%2l#'s of te re"istr#nt.
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(b) All instruments !efinin" te ri"ts of ol!ers of lon" term !ebt unless
te tot#l #mount of !ebt covere! b% te instrument !oes not ecee!
ten percent (1/0) of te tot#l #ssets of te re"istr#nt.
(?) ;pinion Re =e"#lit%
An opinion of in!epen!ent counsel #s to te le"#lit% of te securities bein"re"istere!& in!ic#tin" 'eter te% 'ill& 'en sol!& be le"#ll% issue!& full% p#i!
#n! non2#ssess#ble& #n!& if !ebt securities& 'eter te% 'ill be bin!in"
obli"#tions of te re"istr#nt.
() ;pinion re T# :#tters
An opinion of t# counsel or of #n in!epen!ent certifie! public #ccount#nt
'ere t# m#tters #re m#teri#l to #n investor #n! # represent#tion #s to t#
conse3uences is set fort in te filin". If # t# opinion is set fort in full in te
filin"& #n in!ic#tion t#t suc is te c#se m#% be m#!e in lieu of filin" te
oter'ise re3uire! eibit. T# opinions m#% be con!itione! or m#% be
3u#lifie!& so lon" #s suc con!itions #n! 3u#lific#tions #re #!e3u#tel%
!escribe! in te filin".
(@) Hotin" Trust A"reement
An% votin" trust #"reements #n! #men!ments tereto.
() :#teri#l 4ontr#cts
(#) Ever% contr#ct not m#!e in te or!in#r% course of business 'ic is
m#teri#l to te re"istr#nt #n! is to be performe! in 'ole or in p#rt #t
or #fter te filin" of te re"istr#tion st#tement or report or '#s
entere! into not more t#n t'o %e#rs before suc filin". ;nl% contr#cts
nee! be file! #s to 'ic te re"istr#nt or subsi!i#r% of te re"istr#nt
is # p#rt% or #s succee!e! to # p#rt% b% #ssumption or #ssi"nment orin 'ic te re"istr#nt or suc subsi!i#r% #s # benefici#l interest.
(b) If te contr#ct or!in#ril% #ccomp#nies te ,in! of business con!ucte!
b% te re"istr#nt #n! its subsi!i#ries& it 'ill be !eeme! to #ve been
m#!e in te or!in#r% course of business #n! nee! not be file!& unless it
f#lls 'itin one or more of te follo'in" c#te"ories& in 'ic c#se it
s#ll be file! ecept 'ere imm#teri#l in #mount or si"nific#nce
(i) An% contr#ct to 'ic !irectors& officers& promoters& votin"
trustees& securit% ol!ers n#me! in te re"istr#tion st#tement
or report& or un!er'riters #re p#rties& oter t#n contr#cts
involvin" onl% te purc#se or s#le of current #ssets #vin" #!etermin#ble m#r,et price& #t suc m#r,et price+
(ii) An% contr#ct upon 'ic te re"istr#nt7s business is
subst#nti#ll% !epen!ent& #s in te c#se of continuin" contr#cts
to sell te m#or p#rt of re"istr#nt7s pro!ucts or services or to
purc#se te m#or p#rt of re"istr#nt7s re3uirements of "oo!s&
services or r#' m#teri#ls or #n% fr#ncise or license or oter
#"reement to use # p#tent& formul#& tr#!e secret& process or
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(18) =etter Re 4#n"e In Accountin" Principles
Unless previousl% file!& # letter from te re"istr#nt7s in!epen!ent #ccount#nt
in!ic#tin" 'eter #n% c#n"e in #ccountin" principles or pr#ctices follo'e! b%
te re"istr#nt& or #n% c#n"e in te meto! of #ppl%in" #n% suc #ccountin"
principles or pr#ctices& 'ic #ffecte! te fin#nci#l st#tements bein" file!
'it te 4ommission in te report or 'ic is epecte! to #ffect te fin#nci#lst#tements of future fisc#l %e#rs is to #n #ltern#tive principle 'ic in is
u!"ment is prefer#ble un!er te circumst#nces. No suc letter nee! be file!
'en suc c#n"e is m#!e in response to # st#n!#r! #!opte! b% te Accountin"
St#n!#r!s 4ouncil t#t cre#tes # ne' #ccountin" principle& t#t epresses #
preference for #n #ccountin" principle& or t#t reects # specific #ccountin"
principle.
(1?) Report urnise! Te Securit% >ol!ers
If te re"istr#nt m#,es #v#il#ble to its stoc,ol!ers or oter'ise publises&
'itin te perio! prescribe! for filin" te report& # !ocument or st#tement
cont#inin" inform#tion meetin" some or #ll of te re3uirements of P#rt I of SE4
orm 12Q te inform#tion c#lle! for m#% be incorpor#te! b% reference to sucpublise! !ocument or st#tement provi!e! copies tereof #re inclu!e! #s #n
eibit to te re"istr#tion st#tement or to P#rt I of orm 12Q.
(1) ;ter Documents ;r St#tements To Securit% >ol!ers
If te re"istr#nt m#,es #v#il#ble to its stoc,ol!ers or oter'ise publises&
'itin te perio! prescribe! for filin" te report& # !ocument or st#tement
cont#inin" inform#tion meetin" some or #ll of te re3uirements of tis form
te inform#tion c#lle! for m#% be incorpor#te! b% reference to suc publise!
!ocument or st#tement provi!e! copies tereof #re file! #s #n eibit to te
report on tis form.
(1@) Subsi!i#ries ;f Te Re"istr#nt
=ist #ll subsi!i#ries of te re"istr#nt& te province& countr% or oter uris!iction
of incorpor#tion or or"#ni*#tion of e#c #n! te n#mes un!er 'ic suc
subsi!i#ries !o business. Tis list m#% be incorpor#te! b% reference from #
!ocument 'ic inclu!es # complete #n! #ccur#te list.
(1) Publise! Report Re"#r!in" :#tters Submitte! To Hote ;f Securit% >ol!ers
Publise! reports cont#inin" #ll of te inform#tion c#lle! for in Item 9 of P#rt I
of SE4 orm 12A.
(-/) 4onsents ;f Eperts An! In!epen!ent 4ounsel
(#) All 'ritten consents re3uire! to be file! un!er Section 1- of te 4o!e
s#ll be !#te! #n! m#nu#ll% si"ne!. ere te consent of #n epert or
in!epen!ent counsel is cont#ine! in is report or opinion or else'ere
in te re"istr#tion st#tement or !ocument file! tere'it& # reference
s#ll be m#!e in te in!e to te report& te p#rt of te re"istr#tion
st#tement or !ocument or opinion& cont#inin" te consent.
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(b) ere te filin" of # 'ritten consent is re3uire! 'it respect to
m#teri#l incorpor#te! b% reference to # previousl% file! re"istr#tion
st#tement un!er Section 1- of te 4o!e or un!er te Revise! Securities
Act& suc consent m#% be file! #s eibit to te m#teri#l incorpor#te!
b% reference. Suc consents s#ll be !#te! #n! m#nu#ll% si"ne!.
(-1) Po'er of Attorne%
(#) If # person si"ns # re"istr#tion st#tement or report pursu#nt to # po'er
of #ttorne%& # m#nu#ll% si"ne! cop% of te po'er of #ttorne% s#ll be
file!. ere te po'er of #ttorne% is cont#ine! else'ere in te
re"istr#tion st#tement or !ocuments file! tere'it& # reference s#ll
be m#!e in te in!e to 'ere it is loc#te!. In #!!ition& if #n officer
si"ns # re"istr#tion st#tement for te re"istr#nt b% # po'er of #ttorne%&
# certifie! cop% of # resolution of te re"istr#nt7s bo#r! of !irectors
#utori*in" suc si"n#ture s#ll #lso be file!. A po'er of #ttorne% t#t
is file! 'it te 4ommission s#ll rel#te to # specific filin" or #n
#men!ment tereto. A po'er of #ttorne% t#t confers "ener#l
#utorit% s#ll not be file! 'it te 4ommission.
(b) ere te re"istr#nt is not forme!& or"#ni*e! #n! eistin" un!er te
l#'s of te Pilippines& or is not !omicile! in te Pilippines& #
'ritten& m#nu#ll% si"ne! po'er of #ttorne% s#ll be file! 'ic #s
been certifie! #n! #utentic#te! in #ccor!#nce 'it l#'& !esi"n#tin"
some in!ivi!u#l person& 'o s#ll be # resi!ent of te Pilippines& on
'om #n% summons #n! oter le"#l processes m#% be serve! in #ll
#ctions or oter le"#l procee!in"s #"#inst im& #n! consentin" t#t
service upon suc resi!ent #"ent s#ll be #!mitte! #s v#li! #n! proper
service upon te re"istr#nt& #n! if #t #n%time t#t service c#nnot be
m#!e upon suc resi!ent #"ent& service s#ll be m#!e upon te
4ommission.
(--) St#tement ;f Eli"ibilit% ;f Trustee
A st#tement of eli"ibilit% #n! 3u#lific#tion of e#c person !esi"n#te! to #ct #s
trustee& un!er #n in!enture.
(-$) Eibits to be ile! it C!!e'&i$l 6$%e'*@Bon! Issues
($) C'ei" '$"in4 'e%'"
() In &$*e n ' ln4-"e'! &!!e'&i$l %$%e'* i**ue* une'&ll$"e'$l &ni"in 'e4i*"'$"in, "#e ll/in4 *#$ll e ileB
(i) Bo#r! of Director5s 4ertific#te certif%in" t#t te stoc,ol!erso'nin" #t le#st # m#orit% of te subscribe! c#pit#l stoc,
#utori*e! te issu#nce #n! re"istr#tion of te bon!s si"ne! b%
te 4#irm#n6Presi!ent #n! m#orit% of te Bo#r! of Directors+
(ii) A resolution of te Bo#r! of Directors& si"ne! b% #t le#st #
m#orit% of its members& cont#inin" te follo'in"
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(A) !esi"n#tion of #t le#st t'o (-) senior officers 'it # r#n, of
vice presi!ent or i"er or teir e3uiv#lent to si"n te bon!
instrument to be issue!+
(B) s#mple forms of te bon! so'in" te terms #n!
con!itions& te f#ce v#lue& interest r#te ('ere
#pplic#ble)& !#te or m#turit%.
(iii) Su%%'"in4 &u!en"* n %'%e' v$lu$"in &ll$"e'$li3e%'%e'"+B
(A) report of #n in!epen!ent #!$ accredited#ppr#iser+
(B) potocop% of ;ri"in#l 4ertific#te of Title or Tr#nsfer
4ertific#te of Title 'it # certific#tion #s to #utenticit%
#n! "enuineness of te title from te re"ister of !ee!s of
te province6cit% 'ere te propert% is situ#te!+
(4) l#test t# !ecl#r#tion on re#l est#te mort"#"e.
(iv) trust in!enture eecute! b% #n! bet'een te comp#n% #n! te
trustee b#n,.
(v) certific#tion from te trustee t#t e #s receive! te follo'in"
!ocuments
(A) ;'ner5s !uplic#te copies of ;ri"in#l 4ertific#te of Title or
Tr#nsfer 4ertific#te of Title
(B) Re#l est#te mort"#"es& c#ttel mort"#"es #n! ple!"e
#"reements !ul% re"istere! 'it te #ppropri#te
"overnment #"encies.
(-9) Eibits to be ile! 'it Stoc, ;ptions Issues
(#) Bo#r! of Director5s resolution #utori*in" te issu#nce of stoc, options.
(b) 4ertific#tion from te 4orpor#te Secret#r% #s to te stoc,ol!ers
meetin" #pprovin" te "r#nt of stoc, options to !irectors& m#n#"in"
"roups or officers.
(-8) Eibits to be ile! b% Investment 4omp#nies
(#) 4opies of propose! m#n#"ement contr#cts& !istributorsip&
un!er'ritin" #n! escro' or custo!i#l #"reements& #n! oter contr#ctspert#inin" to te investment& m#n#"ement or s#le of securities.
(b) 4ertific#tion& un!er o#t& b% te Presi!ent #n! 4#irm#n of te Bo#r!&
or teir e3uiv#lent in r#n,& !escribin" te involvement& if #n%& b%
m#n#"ement or members of te Bo#r! of Directors in comp#nies 'ic
te investment comp#n% 'ill be !e#lin" 'it.
(-?) Not#ri*e! 4urriculum Hit#e #n! Re&en"Poto"r#ps of ;fficers #n! Directors
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un ' "#e &!%le"in "#e %'.e&" as originally stated T#e"e'!* "#e $4'ee!en" *#$ll e i*&l*e in "#e %'*%e&"u*
() C%+ #u*e@!e!e'*#i% 'ule* $n 'e4ul$"in*
(e) C%+ 'u'e* $n "#e' *ellin4 !$"e'i$l*
() C%+ "#e Envi'n!en"$l C!%li$n&e Ce'"ii&$"e (ECC)(4) Ce'"iie T'ue C%+ Ce'"ii&$"e Ti"le Re$l 6'%e'"+
(#) C%+ Le$*e Cn"'$&" (i %'%e'"+ i* une' le$*e)
(i) C%+ T'u*" A4'ee!en" (i "i!e*#$'e*)
(.) C%+ Cu*"i$n A4'ee!en" /i"# $ $n
() C%+ Devel%!en" A4'ee!en", i $n+
(8) E:#ii"* " e ile ' =$''$n" I**ue*
($) C%+ $ =$''$n" Ce'"ii&$"e() C%+ $ =$''$n" In*"'u!en" ' $ ee &n"$inin4 "#e "e'!* $n&ni"in* "#e /$''$n"