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Atty.

Disgracia
AVP and Head Division
Bonifacio Global City, Taguig City

Dear Atty. Disgracia

Appeal for the Reversal of Imposed Fines

We refer to your Notice dated November 15, 2022 imposing upon the Company) a fine of
Php50,000.00 with a Php5,000.00 daily fine for non-compliance, for violation of Section 88.

We respectfully submit an appeal for the reversal of fines listed above. The company did not
intend to delay submission of the Report, but rather an error on our part. We encountered a
technical error on our servers. 

We would like to bring to your attention that the company has religiously and timely
submitted reports upon companies through the Rules. Hence, we ask for a reprieve from this
mistake and its fines together with an assurance to prevent such from happening again.

We look forward to your most favorable response.

Thank you.

Very truly yours,

Atty. E
President

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