Board Resolution No.

01
Series of 2018

A RESOLUTION AUTHORIZING LOU CHENGHUI TO REPRESENT THE

FANGFUNG CORPORATION IN PURCHASING A LAND

WHEREAS, FANGFUNG CORPORATION is in need of a parcel of land

where it can construct buildings and other improvements;

WHEREAS, there is an available lot suitable for land development

located in the barangay of Soro-so, municipality of Mambajao, province of
Camiguin.

WHEREAS, in a BOARD meeting dated April 18, 2018 in Cagayan de Oro

City, there being a quorum, the majority of the members of the board voted to
buy a real property for the amount of TWO MILLION FIVE HUNDRED SEVENTY
EIGHT THOUSAND SEVEN HUNDRED FIFTY PESOS (Php 2,578,750), Philippine
currency, located the barangay of Soro-so, municipality of Mambajao, province of
Camiguin covered under TRANSFER CERTIFICATE OF TITLE NO. P-9704 containing
an area of ELEVEN THOUSAND ONE HUNDRED SIXTY FOUR (11,164) SQUARE
METERS, and to authorize LOU CHENGHUI, to represent the corporation and
signed in its behalf the Deed of Sale for the purchase of the said property.

BE RESOLVED, as it is hereby resolved that LOU CHENGHUI, is hereby

authorize by FANGFUNG CORPORATION to purchase the above-described parcel
of land for the amount of TWO MILLION FIVE HUNDRED SEVENTY EIGHT
THOUSAND SEVEN HUNDRED FIFTY PESOS (Php 2,578,750) and to represent the
corporation and signed in its behalf the Deed of Sale for the purchase of the said
property.

DONE this April 18, 2018 at Cagayan de Oro City.

PREPARED BY:

SHAYNE SUMAMPONG
Corporate Secretary

ATTESTED BY:

ROQUE GALENDEZ
ACTING CHAIRMAN OF THE BOARD
 SECRETARY CERTIFICATE

I, SHAYNE SUMAMPONG of legal age, Filipino, and a resident of Cagayan de

Oro after having been sworn to in accordance with law, hereby depose and say as
follows:

1. That I am the duly elected Corporate Secretary of FANGFUNG

CORPORATION, a corporation duly organized and existing and by virtue of the
laws of the Republic of the Philippines;

2. That hereto quoted is the excerpt of the Board Resolution thus:

“WHEREAS, in a BOARD meeting dated April 18, 2018 in Cagayan

de Oro City, there being a quorum, the majority of the members of the board
voted to buy a real property for the amount of TWO MILLION FIVE
HUNDRED SEVENTY EIGHT THOUSAND SEVEN HUNDRED FIFTY PESOS (Php
2,578,750), Philippine currency, located the barangay of Soro-so,
municipality of Mambajao, province of Camiguin covered under TRANSFER
CERTIFICATE OF TITLE NO. P-9704 containing an area of ELEVEN THOUSAND
ONE HUNDRED SIXTY FOUR (11,164) SQUARE METERS, and to authorize LOU
CHENGHUI, to represent the corporation and signed in its behalf the Deed of
Sale for the purchase of the said property.

BE RESOLVED, as it is hereby resolved that LOU CHENGHUI, is

hereby authorize by FANGFUNG CORPORATION to purchase the above-
described parcel of land for the amount of TWO MILLION FIVE HUNDRED
SEVENTY EIGHT THOUSAND SEVEN HUNDRED FIFTY PESOS (Php 2,578,750)
and to represent the corporation and signed in its behalf the Deed of Sale for
the purchase of the said property.”

3. That the foregoing resolution has not been altered, modified, nor
revoked; and that the same is now in full force and in effect; and

4. That I am executing this Certificate for whatever legitimate purpose it

may serve.

IN WITNESS WHEREOF, I have hereunto affixed my signature this April 18,

2018.

SHAYNE SUMAMPONG
Corporate Secretary

Subscribed and sworn to before me this April 18, 2018 at Cagayan de Oro
City, affiant exhibiting to me her TIN NO. ______________ as proof of her
identity.

Doc. No. ______;

Page No.______;
Book No.______;
Series of 2019.