APPENDIX F.

Company Background

SM Investments Corporation (SMIC)

A leading and dynamic conglomerate with major investments in retail, banking,

and property in the Philippines. Founded by Henry Sy, Sr., SMIC is a highly focused

and synergistic group that continues to expand at an unparalleled scale in the

Philippines with the view to tap into the growth potential of our core markets. In over

six decades, SMIC has become one of the largest market capitalized companies listed

on the Philippine Stock Exchange. Our three largest companies – SMIC, SM Prime

Holdings and BDO Unibank comprise over 30% of the value of the Philippine

Index. This is a testament to our ability to deliver steady high earnings and asset

growth, sound financial management, long-term sustainability and a comprehensive

development program for our host communities that creates value for all our

stakeholders.

SM Prime Holdings, Inc.

Publicly listed SM Prime Holdings, Inc. (SM Prime) is one of the largest

integrated property developers in Southeast Asia that offers innovative and

sustainable lifestyle cities with the development of malls, residences, offices, hotels,

and convention centers. The company is the largest mall developer, both in terms of

gross floor area (GFA) and geographical reach. It operates 76 malls in the country and

7 in China. While many its malls are concentrated in Metro Manila, this area continues

to present significant growth opportunities through the expansion of its existing malls,

even as SM Prime penetrates new markets in provincial areas. In terms of commercial

developments, SM Prime has office buildings that primarily cater to the growing

Business Process Outsourcing (BPO) industry. It continues to expand the E-com hub
within the Mall of Asia complex and develop stand-alone as well as mall-based BPO

buildings around the country. The company has hotels with over 1,900 rooms as well

as convention facilities that aim to take advantage of the growing tourism and

entertainment sectors.

International Container Terminal Services, Inc.

ICTSI was recognized as one of the elite companies in Asia. For the sixth year

in a row, ICTSI was recognized by The Asset Corporate Awards as one of the elite

companies in Asia showing All-Round Excellence in Financial Performance,

Management, Corporate Governance, Social Responsibility, Environmental

Responsibility, and Investor Relations. ICTSI’s Global Corporate Investor Relations

Department was also recognized as among the Best Investor Relations teams; while

the company’s programs and activities supporting diversity, inclusivity, and gender

equality for women in Papua New Guinea was lauded as a Highly Commended

Initiative for Diversity and Inclusion. These Awards were given at a gala dinner last

December 2019 in Hong Kong.

NOW Corporation

Engaged in the use of technology, NOW Corporation’s IT services portfolio

enables digital transformation for enterprises. With businesses in the

Telecommunications, Media, and Technology space, NOW offers software licenses

and integration, IT manpower solutions, and a fast-growing broadband service. NOW

offers bundled services by providing enterprises with guaranteed Fiber broadband

connectivity with collaboration software, cloud services, live streaming technical

services, web development, and wireless cable TV.

Ayala Corporation engages in the real estate and hotel businesses in the

Philippines and internationally. Its Real Estate and Hotels segment develops,

constructs, leases, and sells residential and commercial communities; manages land

bank; operates hotels, cinema, and theaters; and provides construction and property

management services. The company’s Financial Services and Insurance segment

provides corporate, consumer, mortgage, leasing, and Agri loans; deposit and cash

management, asset management, online stock trading, foreign exchange and capital

markets investments dealing, corporate finance and consulting, investment banking,

internet banking, foreign exchange, and safety deposit services; and life, non-life, pre-

need, and reinsurance services.

Ayala Land

Ayala Land, Inc. operates as a property developer in the Philippines. It operates

through Property Developments, International, Shopping Centers, Offices, Hotels and

Resorts, Construction, and Property Management and other segments. The company

sells high-end and upper middle-income residential lots and units, affordable housing

units and lots, and economic housing and leisure community developments; leases

residential developments under joint venture; acquires, develops, and sells large-

scale, mixed-use, and master-planned communities; and sells override units. It also

develops and sells of residential lots and units.

IRemit, Inc.

I-Remit, Inc. Is a Philippines-based company engaged in the business of

servicing the remittance needs of overseas Filipino workers (OFWs) and other migrant

workers. The Company's segments include Philippines, Asia Pacific, Europe, and
North America. The Company and its subsidiaries are primarily engaged in the

business of fund transfer and remittance services of any form or kind of currencies or

monies, either by electronic, telegraphic, wire or any other mode of transfer and

undertakes the delivery of such funds or monies, both in the domestic and international

market, by providing either courier or freight forwarding services, and conducts foreign

exchange transactions.

Jollibee Food Corporation

Jollibee Foods Corporation develops, operates, and franchises quick service

restaurants. As of July 20, 2022, it operated approximately 6,200 stores in the

Philippines, the United States, Canada, the People’s Republic of China, the United

Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab

Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama,

Malaysia, South Korea, Australia, and India. The company also offers property leasing,

manufacturing, digital printing, advertising, financial accounting, human resources and

logistics, business management, and other services. Jollibee Foods Corporation was

founded in 1975 and is headquartered in Pasig, the Philippines.

City and Land Developers INC.

City & Land Developers Incorporated operates in the real estate management and

development industry with 57 employees. It engages in the acquisition, development,

sale, and lease of real estate properties in the Philippines. It focuses on residential,

office, commercial, institutional, and industrial projects. The company was

incorporated in 1988 and is headquartered in Makati City, the Philippines.

Together with its subsidiaries, engages in extracting, mining, smelting, refining, and

converting nickel, chromite, copper, gold, manganese, and other ores in the

Philippines. The company has a mineral production sharing agreement covering an

area of approximately 4,799 hectares located in Carrascal, Cantilan, and Madrid,

Surigao Del Sur; 6,694 hectares located in Motiong, San Juan De Buan and Paranas,

Province of Samar; 4,860 hectares of the municipalities of Carrascal and Cantilan in

the Province of Surigao del Sur; and 5,519 hectares located in Gandara, San Jose De

Buan and Wright, Province of Samar. The company was formerly known as AJO.net

Holdings Inc. and changed its name to Marcventures Holdings, Inc. in March 2010.

Marcventures Holdings, Inc. was incorporated in 1957 and is based in Makati City, the

Philippines. Marcventures Holdings, Inc. is a subsidiary of PCD Nominee Corporation.

DMCI Holdings, Inc., (Mining Industry, Industrials Sector)

Through its subsidiaries, engages in the general construction, coal and nickel mining,

power generation, real estate development, water concession, and manufacturing

businesses in the Philippines and internationally. It operates through seven segments:

Construction and Others, Coal Mining, Nickel Mining, Real Estate, On-Grid Power,

Off-Grid Power, and Water. It constructs various projects comprising commercial and

residential buildings; bridges, power plants, industrial plants; and chapels, hotels,

irrigation dams, power transmission lines, and theaters.