SUMMARY OF BOARD RESOLUTIONS PASSED BY THE

BOARD OF DIRECTORS OF
ALL ASIAN COUNTERTRADE, INC.
(From 1 October 2019 to 30 September 2020)

1. 3 October 2019 Board Meeting

 To request for certified true copies of the Corporation’s documents from the
Bureau of Internal Revenue and Bureau of Customs, and designate the
authorized representative in connection thereto.

 To apply with the National Meat Inspection Service as Meat Importer, and
designate the authorized representative in connection thereto.

 Sale of Cargo Truck, and designate the authorized signatory in connection

thereto.

 To open an account and engage in stock market investments with IGC

Securities, Inc., and designate the authorized signatories in connection thereto.

2. 14 November 2019 Board Meeting

 To apply for a Salary Loan Facility with Bank of Commerce, and designate the
authorized signatories in connection thereto.

3. 18 December 2019 Board Meeting

 To secure and obtain the necessary permits, licenses and authorizations for
the conduct of the Corporation’s business in Makati City, Manila City and
Municipality of Carmona, Cavite, and designate the authorized
representatives in connection thereto.

4. 8 January 2020 Board Meeting

 To process the Authorization Allowing the Release of Locally Produced Raw

Sugar/Molasses and Certificate of Advance Payment of VAT, and designate
the authorized representatives in connection thereto.

 To obtain the necessary permits, licenses and authorizations for the conduct of
business and operations in Municipality of Bacolod, Negro Occidental, and
designate the authorized representative in connection thereto.

5. 17 January 2020 Board Meeting

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  To approve and authorize the release of the audited financial statements for
the fiscal year 2019.

6. 5 February 2020 Board Meeting

 To obtain the necessary permits, licenses and authorizations for the conduct of
its business and operation in Makati City, Manila and Municipality of
Carmona, Cavite, and designate the authorized representative in connection
thereto.

 To receive or pick up all documents related to the sale of shares of stock with
Makati (Sports) Club, Inc., and designate the authorized representative in
connection thereto.

7. 6 February 2020 Board Meeting

 To set aside the amount of Twenty Million Pesos (Php20 million) out of the
Corporation’s unrestricted retained earnings to be declared and distributed as
cash dividends, payable to stockholders of record as of 6 February 2020, and
to be paid on 15 May 2020.

8. 17 February 2020 Board Meeting

 To approve and authorize the release of its audited financial statements as of,
and for the fiscal year ended 30 September 2019.

9. 21 February 2020 Board Meeting

 To amendArticle II Sections 1, 4, and 6, Article III Sections 5 and 7, and Article

IV Sections 3 to 10 of the By-Laws.

10. 2 March 2020 Board Meeting

 To apply for the registration of the mark “Sweet Selection, All Natural” with
the Intellectual Property Office, and designate the authorized representative
in connection thereto.

 To enter into a Subscription Agreement with All Asian Bioethanol

Corporation, and designate the authorized signatory in connection thereto.

 Renewal of Fire Safety Inspection Certificate with the Bureau of Fire

Protection, and designate the authorized representative in connection thereto.

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 Renewal of Certificate of Registration with the Bureau of Customs, and
designate the authorized representative in connection thereto.

 To enter into a Contract of Lease with Lim Se Chun (Jaime Lim S. C.), and
designate the authorized signatory in connection thereto.

 To transact with PETNET, and designate the authorized representative in

connection thereto.

 To renew its membership with Philippine Exporters Confederation, Inc., and

designate the authorized representative in connection thereto.

 To enter into a Contract of Lease with Springfield Properties, Inc. for the lease
of its Warehouses, and designate the authorized signatory in connection
thereto.

 To update the authorized signatories with Asia United Bank

 To update the authorized signatories with Bank of China

 To update the authorized signatories with Bank of Commerce

 To update the authorized signatories with Bank of Commerce (Salary Loan

Facility)

 To update the authorized signatories with Bank of the Philippine Islands

 To update the authorized signatories with China Banking Corporation

(Treasury Transactions)

 To update the authorized signatories with China Banking Corporation

 To update the authorized signatories with CTBC Bank (Philippines) Bank

 To update the authorized signatories with CTBC Bank Co., Ltd.

 To update the authorized signatories with Equicom Savings Bank

 To update the authorized signatories with JP Morgan Chase Bank & Co.

 To update the authorized signatories with Land Bank of the Philippines

 To update the authorized signatories with Maybank Philippines, Inc.

(Derivative Transactions)

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  To update the authorized signatories with Maybank Philippines, Inc.

 To update the authorized signatories with Metropolitan Bank & Trust

Company (Treasury Transactions)

 To update the authorized signatories with Metropolitan Bank & Trust

Company

 To update the authorized signatories with Philippine National Bank

 To update the authorized signatories with Rizal Commercial Banking

Corporation (Treasury Transactions)

 To update the authorized signatories with Rizal Commercial Banking

Corporation

 To update the authorized signatories with Security Bank Corporation

 To update the authorized signatories with Unionbank of the Philippines

11. 4 April 2020 Board Meeting

 To open and maintain deposit account(s) of any and all kinds with the
Bangkok Bank Public Company Limited – Manila Branch, and designate the
authorized signatories in connection thereto.

12. 15 May 2020 Board Meeting

 To apply for an Authority to Print with the Bureau of Internal Revenue, and
designate the authorized representative in connection thereto.

 To designate authorized signatories in connection with the supply of sugar to

Coca Cola Bottlers Philippines, Inc.

 To request with the Bureau of Internal Revenue for the issuance of Tax Debit
Memo, and designate the authorized representative in connection thereto.

 To authorize the closure of the leased warehouse with Wee Eng Construction,
Inc.

 To enter into an Amended Contract of Lease with Springfield Properties, Inc.

for the lease of Warehouses, and designate the authorized signatory in
connection thereto.

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  To authorize the filing of case against the Planters, and designate the
authorized representative in connection thereto.

13. 4 September 2020 Board Meeting

 To Enter into a Deed of Assignment and Transfer of Rights with St. John Paul
Countertrade Corporation, and designate the authorized representative in
connection thereto.

 To transact with any branches of Metropolitan Bank & Trust Company for the
availment of banking products and services, and designate the authorized
signatories in connection thereto.

JOSE A. FERIA, JR.

Corporate Secretary

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