HENRY SY

Born in Xiamen, China in November 1924, Henry Sy was not born with a silver spoon in his mouth. Wanting to
escape poverty, Henry followed his father to the Philippines only to experience a miserable youth in a foreign
country. Sy struggled hard living in a foreign country as an immigrant and had to learn the local language.
Determined to become successful, he worked hard day and night to provide for his needs.
Sy started out with a small sari-sari store business that helped them in their day-to-day life. Sy and his father lived in
a small space until the fruits of their labor made them successful in the following years. However, when the
Philippine economy collapsed in World War II, their store burned down that forced his father to go back to China.
Henry Sy stayed in the Philippines and built his own shoe business in Marikina.
Sy did not have an overnight success. He enrolled himself to school and was able to graduate college with a degree
in commerce from Far Eastern University. Sy also changed legal names, sold rejected and overrun shoes, plus many
other setbacks that he had to face early in life. He did not give up and pushed through maybe because he knew that
something big, which is what he has now, is about to come.
After a series of failures in his business, Henry Sy stood back up and persevered to attain his goal. He established a
small shoe store in Quiapo, Manila in 1958 named “Shoe Mart” that eventually marked the establishment of SM
Prime Holdings. Now with three of the most valuable companies in the Philippines: SM Investments Corp. and SM
Prime Holdings Inc., valued at over Php 1 trillion each, and BDO Unibank, valued at around Php 635 million, he has
become the richest man in the country for 11 consecutive years since 2005 and ranked 52nd in Forbes World
Billionaires List of 2018.

Tony Tan Caktiong

 TONY TAN CAKTIONG, born January 5, 1953, Filipino, has been an Independent Director of the company since
April 2005. He is the Chairman of Jollibee Foods Corporation and Co-Chairman of DoubleDragon Properties
Corp., both of which are publicly-listed companies. He is a director of listed company Philippine Long Distance
Telephone Company, and is at the helm of Chowking, Greenwich, Red Ribbon Bakeshop, and Mang Inasal in
the Philippines, along with Yonghe King and Hong Zhuang Yuan in China. He is a member of the board of
trustees of the Asian Institute of Management (AIM), St. Luke’s Medical Hospital, Philippine Business for
Education, and the Temasek Foundation of Singapore. He is an Agora Awardee for Outstanding Marketing
Achievement, AIM Triple A Alumni Awardee, TOYM Awardee for Entrepreneurship, and a recipient of the World
Entrepreneur of the Year award in 2004. Mr. Caktiong has a BS in Chemical Engineering from the University of
Santo Tomas (1975) and management tutoring certifications from Harvard University, AIM, the University of
Michigan Business School, and Harvard Business School.

Lucio Tan

Lucio Tan was born on July 17, 1934 in China’s Fujian province. His family moved to Philippines, in Naga, where he was
a child. He worked his way through college studying Chemistry in Far Eastern University but quit before graduating, set up
a business that deals with scrap in the late 1950s and and later on found a job in a tobacco factory where he was tasked
to buy leaf tobacco in the Ilocos provinces.

Because of this experience, Lucio Tan started his own cigarette company named Fortune Tobacco in 1966. It was also
during this time when his close friend Ferdinand Marcos was newly elected as President. The tobacco business was a
success and it expanded introducing a budget brand ‘Hope’ in 1975. By year 1980, Fortune Tobacco was the Philippines’
largest cigarette manufacturer.
In 1977, Lucio Tan acquired from the Philippine Government the then bankrupt bank General Bank and Trust Co.
(Genbank) for only P500,000 which was described by many as a sweetheart deal. It was later renamed to Allied Bank.

In 1982, Lucio Tan established and put up Asia Brewery where he used to his benefit, the Marcos ruling that lifted the ban
on the establishment of new beer companies. Back then, it was the only brewery allowed to compete with the market
leader San Miguel Corp.

In 1993, Lucio Tan secured control of the country’s airline carrier Philippine Air Lines (PAL).
While a lot of articles say that Lucio Tan benefited a lot from tax concessions and privileges that the Marcos Regime gave
to him in exchange for a rumored 60% on all his shareholdings, on December 7, 2007, the Philippine Supreme Court
affirmed the decision dismissing the state’s sequestration of Lucio Tan’s companies. The court’s decision says that “there
can be no question that indeed, petitioner’s orders of sequestration are void and have no legal effect.”

In 1995, he founded yet another company in the aviation industry. The Macro Asia Corporation was envisioned to be the
leading provider of aviation and logistics services. This vision has become a reality as Macro Asia Corporation is now the
provider of technical ground handling, engineering and maintenance services, and catering services to majority of the
international airlines.

In 2000, Tan has become the majority stockholder of Philippine National Bank. The merger of PNB and Allied Bank is
expected to be completed before the end of this year.

HIS COMPANIES DEAL WITH LIQUOR, TOBACCO, AVIATION, BANKING AND REAL ESTATE. THSE ARE;
* Asia Brewery, the 2nd largest brewer in the Philippines.
* Tanduay Holdings, one of the world's largest rum makers.
* Fortune Tobacco, the largest tobacco company in the country.
* Philippine Airlines, the Philippines' Number 1 Airline and Aviation Company and Asia's FIRST Airline
* University of the East one of the most financially stable universities in the Philippines in terms of assets.
* Philippine National Bank, the 5th largest bank in the country.
* Allied Bank, the Philippines' 8th largest lender (Merged with Philippine National Bank).
* Eton Properties Philippines, the global real estate brand of the Lucio Tan Group.

To date, Lucio Tan's Group of Companies provides jobs to 50,000 people. To these employees, Lucio Tan is simply
Kapitan. A nickname that is very much appropriate to him as he was able to navigate his vast businesses through rough
seas and tough times.

Today, Lucio Tan is still one of the richest person in the Philippines ranking him as second to Henry Sy last year 2008 with
a total asset of %1.5 Billion. His Lucio Tan Group of Companies now owns several industries that includes liquor
(Tanduay Holdings, Inc. and Asia Brewery), tobacco (Fortune Tobacco), aviation (Philippine Airlines), banking (Allied
Bank and Philippine National Bank), real estate (Eton Properties Philippines), and education (Univerity of the East).