China Banking Corporation (CHIB) was incorporated on July 20, 1920 and commenced business on August 16 of the

same year as the first privately-owned local commercial bank in the Philippines. CHIB acquired its universal banking
license in 1991. CHIB started by mainly catering to the Chinese-Filipino commercial sector, but has since expanded its
market scope to include the retail and consumer segments.

CHIB's main businesses include corporate and SME lending, retail loans including mortgage and auto loans,
treasury and foreign exchange trading, trust and investment management, wealth management, cash management,
insurance products through wholly-owned subsidiary China Bank Insurance Brokers, Inc. (CBIB) and affiliate Manulife
China Bank Life Assurance Corporation (Manulife China Bank), internet banking and mobile banking services and
remittances through tie-ups with remittance companies and exchange houses in the Middle East, Asia and major US
cities. The Company also offers foreign currency deposits of US Dollar, Euro and Yuan to cater to clients' trade,
investment and remittance requirements in this currency.

The Company's subsidiaries include CBIB; CBC Properties and Computer Center, Inc.; China Bank Capital Corporation
(CBCC); China Bank Savings, Inc.; CBC Forex Corporation (awaiting clearance to effect dissolution); Manulife China
Bank; and Planters Development Bank. In 2016, the Company, through CBCC, acquired ATC Securities, Inc. to set up its
own brokerage firm, China Bank Securities Corporation. CBCC likewise incorporated a securitization company, CBC
Assets One (SPC), Inc.

As of December 31, 2015, CHIB's products and services are made available across multiple distribution and delivery
channels, particularly through its 517 branches and 740 ATMs nationwide.
Source: SEC Form 17-A (2015)/Circular Nos. 3510-2016/3861-2016

Petron Corporation (PCOR) was incorporated on December 22, 1966 as Esso Philippines, Inc. (Esso) and later renamed
to Petrophil Corporation (Petrophil) when the Philippine National Oil Company (PNOC) acquired Esso. In 1985, Petrophil
and Bataan Refinery Corporation were merged, with Petrophil as the surviving corporation. Petrophil changed its
corporate name to the present one in 1988.

PCOR's principal business involves the refining of crude oil and the marketing and distribution of refined
petroleum products including gasoline, LPG, diesel, jet fuel, kerosene, asphalts and petrochemicals. The Company
continues to have a tie-up with San Miguel Group for the "San Mig Avenue" convenience stores at the stations. In 2014,
PCOR re-launched the "Treats" store as the secondary retail store brand found in PCOR service stations.

PCOR's direct subsidiaries are New Ventures Realty Corporation; Petrogen Insurance Corporation; Overseas Ventures
Insurance Corporation Ltd.; Petron Freeport Corporation; Petron Marketing Corporation; Limay Energen Corporation;
Petron Singapore Trading Pte. Ltd.; Petron Global Limited; Petron Finance (Labuan) Limited; Petrocheminal Asia (HK)
Limited; and Petron Oil & Gas Mauritius Ltd. (POGM).

Petron Oil & Gas International Sdn Bhd (POGI) is a subsidiary of POGM which, on March 30, 2012, acquired 65% of Esso
Malaysia Berhad (EMB), a publicly-listed company in Malaysia, and 100% ExxonMobil Malaysia Sdn Bhd (ExxonMobil
Malaysia) and ExxonMobil Borneo Sdn Bhd (ExxonMobil Borneo). POGI subsequently acquired an additional 8.4% of the
voting shares of EMB in May 2012 pursuant to a mandatory takeover offer. On April 23, 2012, the Companies
Commission of Malaysia (CCM) issued a certificate for the change of name of ExxonMobil Malaysia to Petron Fuel
International Sdn Bhd (PFISB) and of ExxonMobil Borneo to Petron Oil (M) Sdn Bhd (POMSB). Thereafter, on July 10,
2012, the CCM issued a certificate for the change of name of EMB to Petron Malaysia Refining & Marketing Bhd
(PMRMB). PMRMB, PFISB, and POMSB are collectively called Petron Malaysia Companies and are engaged in the
downstream oil business in Malaysia.

Source: SEC Form 17-A (2015)

Globe Telecom, Inc. (GLO) was originally incorporated on January 16, 1935 as Globe Wireless Limited with a franchise to
operate wireless long distance message services in the Philippines. The Company eventually changed its name to the
present one in 1992, and welcomed Singapore Telecom, Inc. as a new foreign partner the following year.

GLO is a telecommunications company that provides digital wireless communication services nationwide under the "Globe
Postpaid", "Globe Prepaid", "Touch Mobile", and "Tattoo" brands using a fully digital network. The Company also offers
domestic and international long distance communication services or carrier services.

On July 20, 2015, GLO agreed to purchase from Bayan Telecommunications Holdings Corporation and Lopez Holdings
Corporation all the equity in the capital stock of Bayan Telecommunications, Inc. (BayanTel). The transaction followed the
conversion by GLO of BayanTel debt into equity provided under the resolution of BayanTel's Rehabilitation Court
(Regional Trial Court Branch 158 Pasig City) and as approved by the National Telecommunications Commission on July
2, 2015. This transaction increased the Company's equity interest in BayanTel to 98.57% from 56.87%.

On May 30, 2016, GLO announced the approval of its Board for GLO to acquire 50% of the equity interest of the
telecommunications business of San Miguel Corporation held through Vega Telecom, Inc. (Vega Telecom), with
Philippine Long Distance Telephone Company (TEL) acquiring the remaining 50% interest. The Board of GLO also
approved the acquisition by GLO of 50% equity interest in the telecommunications businesses of New Century Telecoms,
Inc. and eTelco, Inc. Vega Telecom owns controlling interests in Bell Telecommunication Philippines, Inc.; Eastern
Telecommunications Philippines, Inc.; Cobaltpoint Telecommunication, Inc. (formerly Extelcom); Tori Spectrum
Telecommunication, Inc. (formerly Wi-Tribe); and Hi-Frequency Telecommunication, Inc.

The Company's subsidiaries are composed of Innove Communications Inc.; G-Xchange, Inc.; GTI Business Holdings,
Inc.; Kickstart Ventures, Inc.; Asticom Technology, Inc.; and Globe Capital Venture Holdings, Inc.

Source: SEC Form 17-A (2015)/Disc. No. 3078-2016