EXEQUIEL R. RIÑON, JR.

14 Licaros Avenue, BF Resort Village, Talon 2

Las Pinas City 1740 Metro Manila Philippines
CERTIFIED PUBLIC ACCOUNTANT Tel. No. (632) 917-3931

9 KEYS YABES ENTERPRISE INC.

2744 Mactan Street, Baclaran, Parañaque City

TIN: 007-881-106-000

AUDITED FINANCIAL STATEMENTS

December 31, 2014

(With Comparative Figures in 2013)

(In Philippine Pesos)

EXEQUIEL R. RINON, JR.

CERTIFIED PUBLIC ACCOUNTANT
EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
9 KEYS YABES
CERTIFIED PUBLIC ENTERPRISE
ACCOUNTANT INC. Tel. No. (632) 917-3931
2744 Mactan Street, Baclaran, Parañaque City

TIN No. 227-429-691-000

STATEMENT OF MANAGEMENT’S RESPONSIBILITY

FOR FINANCIAL STATEMENTS

The management of 9 KEYS YABES ENTERPRISE INC. is responsible for all information and
representations contained in the financial statements for the year ended December 31, 2014. The
financial statements have been prepared in conformity with generally accepted accounting principles
and reflect amounts that are based on the best estimates and informed judgment of management with an
appropriate consideration to materiality.

In this regard, management maintains a system of accounting and reporting which provides for the
necessary internal controls to ensure that transactions are properly authorized and recorded, assets are
safeguarded against unauthorized use or disposition and liabilities are recognized.

TO THE STOCKHOLDERS & BOARD OF DIRECTORS reviews the financial statements before
such statements are approved and submitted to the stockholders of the company.

EXEQUIEL R. RIÑON JR, the independent auditor and appointed by the stockholders, has examined
the financial statements of the company in accordance with generally accepted auditing standards and
has expressed its opinion on the fairness of presentation upon completion of such examination, in its
report to stockholders.

RHODORA D. YABES ABEL V. YABES

Chief Financial Officer Chairman / Chief Executive
Officer
EXEQUIEL R.ENTERPRISE
9 KEYS YABES RIÑON, JR.INC. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
2744 Mactan Street,
CERTIFIED PUBLIC Baclaran, Parañaque City
ACCOUNTANT Tel. No. (632) 917-3931

STATEMENT OF MANAGEMENT’S RESPONSIBILITY

FOR ANNUAL INCOME TAX RETURNS

The management of 9 KEYS YABES ENTERPRISE INC. is responsible for all information and
representations contained in the financial statements for the year ended December 31, 2014.
Management is likewise responsible for all information and representations contained in the financial
statements accompanying the Annual Income Tax Return covering the same reporting period.
Furthermore, the management is responsible for all information and representations contained in all the
other tax returns filed for the reporting period, including, but not limited, to the value added tax and/or
percentage tax returns, withholding tax returns, documentary tax returns and any and all other tax
returns.

In this regard, the Management affirms that the attached audited financial statements for the year ended
December 31, 2014 and the accompanying Annual Income Tax Return are in accordance with the
books of records of 9 KEYS YABES ENTERPRISE INC., complete and correct in all material
respects. Management likewise affirms that:

a. The Annual Income Tax Returns has been prepared in accordance with the provisions of the
National Internal Revenue Code, as amended, and pertinent tax regulations and other
issuances of the Department of Finance and the Bureau of Internal Revenue;

b. Any disparity of figures in the submitted in the submitted reports arising from the preparation
of financial statements pursuant to financial accounting standards and preparation of the
income tax return pursuant to tax accounting rules has been reported as reconciling items and
maintained in the company’s books and records in accordance with the requirements of
Revenue Regulation No. 8-2007 and other relevant issuances;

c. the 9 KEYS YABES ENTERPRISE INC., has filed all applicable tax returns, reports and
statements required to be filed under Philippine tax laws for the reporting period, and all taxes
and other impositions shown thereon to be due and payable have been paid for the reporting
period, except those contested in good faith.

RHODORA D. YABES ABEL V. YABES

Chief Financial Officer Chairman / Chief Executive
Officer
EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
9 KEYS YABES
CERTIFIED PUBLICENTERPRISE
ACCOUNTANTINC. Tel. No. (632) 917-3931
2744 Mactan Street, Baclaran, Parañaque City

SECRETARY’S CERTIFICATE

I, FRANCIS V. YABES, Corporate Secretary of 9 KEYS YABES ENTERPRISE INC.

declare under the penalty of perjury, hereby certify that the company has a total number of five (5)
stockholders owning one hundred (100) or more shares each duly recorded and verified the correctness
to the best of my knowledge and belief.

I further certify that the stock and transfer book has been inspected and conducted the tests
needed to validate their entries and balances.

Done this _________ day of _________ 20___ at ______________.

FRANCIS V. YABES
Corporate Secretary

SUBSCRIBED AND SWORN to before me in _________________________, Philippines on

____________________, affiant personally appeared before me and exhibited to me her CTC No.
___________________ issued at ________________________ on ______________, 20___.

NOTARY PUBLIC

Doc. No: _______

Page No.: ______
Book No.: ______
Series of 2015
EXEQUIEL R. RIÑON,
9 KEYS YABES JR.INC.
ENTERPRISE
14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
CERTIFIED
2744 MactanPUBLIC ACCOUNTANT
Street, Baclaran, Parañaque City Tel. No. (632) 917-3931

CERTIFICATION

To The Securities And Exchange Commission:

This is to certify that except for certain details / breakdowns required in the General Form of
Financial Statements, the Generally accepted accounting Principles in the Philippines or Philippine
Financial Reporting Standards prescribed accounts and figures provided in electronic documents are
based on the contents of the Financial Statements submitted to the Securities and Exchange
Commission.

Done ______________________ at _________________________, Philippines.

RHODORA D. YABES
Chief Financial Officer
EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
CERTIFIED PUBLIC ACCOUNTANT Tel. No. (632) 917-3931

STATEMENT OF REPRESENTATION

To The Securities and Exchange Commission:

In connection with my examination of the financial statements of 9 KEYS YABES ENTERPRISE

INC., which are to be submitted to the Commission, I hereby represent the following:

1. That I am in the active practice of the accounting profession and duly registered with the
Board of Accountancy (BOA);

2. That financial statements are presented in conformity with generally accepted accounting
principles in the Philippines in all cases where I shall express an unqualified opinion; Except
that in case of any departure from such principles, I shall indicate the nature of the departure,
the effects thereof, and the reasons why compliance with the principles would result in a
misleading statement, if such is a fact;

3. That I shall fully meet the requirements of independence as provided under the Code of
Professional Ethics for CPAs;

4. That in the conduct of the audit, I shall comply with the generally accepted auditing standards
promulgated by the Board of Accountancy; in case of any departure from such standards or
any limitation in the scope of my examination, I shall indicate the nature of the departure and
the extent of the limitation, the reasons therefore and the effects thereof on the expression of
my opinion or which may necessitate the negation of the expression of an opinion;

5. That I shall comply with the applicable rules and regulations of the Securities and Exchange
Commission in the preparation and submission of financial statements; and

6. That relative to the expression of my opinion on the said financial statements, I shall not
commit any acts discreditable to the profession as provided under Code of Professional Ethics
for CPAs.

As a CPA engaged in public practice, I make these representations in my individual capacity.

EXEQUIEL R. RIÑON JR.

CPA Certificate No.: 89038
TIN No.: 202-257-987
BIR A.N.: 08-004082-001-2012 dated: 06/18/2012 expiry: 06/18/2015
BOA A.N.: 3842 dated: 01/01/2013 expiry: 12/31/2015
PTR No.: 10818764
January 21, 2015
Las Piñas City

January 28, 2015

EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
CERTIFIED PUBLIC ACCOUNTANT Tel. No. (632) 917-3931

INDEPENDENT AUDITOR’S REPORT

TO THE STOCKHOLDERS & BOARD OF DIRECTORS

9 KEYS YABES ENTERPRISE INC.
2744 Mactan Street, Baclaran, Parañaque City

Report on the Financial Statements

We have audited the accompanying financial statements of 9 KEYS YABES ENTERPRISE INC., which comprise
the balance sheet as at December 31, 2014, and the income statement, statement of comprehensive income,
statement of changes in equity and cash flow statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance
with Philippine Financial Reporting Standards, this includes the design, implementation and maintenance of and
for such internal control relevant to the preparation and fair presentation as management determines is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our
audit in accordance with Philippine Standards on Auditing. Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the
risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of 9 KEYS
YABES ENTERPRISE INC. as at December 31, 2014, and its financial performance and its cash flows for the
year then ended in accordance with Philippine Financial Reporting Standards.

EXEQUIEL R. RIÑON JR.

CPA Certificate No.: 89038
TIN No.: 202-257-987
BIR A.N.: 08-004082-001-2012 dated: 06/18/2012 expiry: 06/18/2015
BOA A.N.: 3842 dated: 01/01/2013 expiry: 12/31/2015
PTR No.: 10818764
January 21, 2015
Las Piñas City

January 28, 2015

EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
CERTIFIED PUBLIC ACCOUNTANT Tel. No. (632) 917-3931

TO THE STOCKHOLDERS & BOARD OF DIRECTORS

9 KEYS YABES ENTERPRISE INC.
2744 Mactan Street, Baclaran, Parañaque City

I have examined the financial statements of 9 KEYS YABES ENTERPRISE INC. for the year ended
December 31, 2014, on which I have rendered the attached report dated January 28, 2015.

In compliance with SRC Rule 68, I/We are stating that 9 KEYS YABES ENTERPRISE INC. has a
total number of five (5) stockholders owning one hundred (100) or more shares each.

EXEQUIEL R. RIÑON JR.

CPA Certificate No.: 89038
TIN No.: 202-257-987
BIR A.N.: 08-004082-001-2012 dated: 06/18/2012 expiry: 06/18/2015
BOA A.N.: 3842 dated: 01/01/2013 expiry: 12/31/2015
PTR No.: 10818764
January 21, 2015
Las Piñas City

January 28, 2015

EXEQUIEL R. RIÑON, JR. 14 Licaros Avenue, BF Resort Village, Talon 2
Las Pinas City 1740 Metro Manila Philippines
CERTIFIED PUBLIC ACCOUNTANT Tel. No. (632) 917-3931

TO ACCOMPANY INCOME TAX RETURN

TO THE STOCKHOLDERS & BOARD OF DIRECTORS

9 KEYS YABES ENTERPRISE INC.
2744 Mactan Street, Baclaran, Parañaque City

We have audited the financial statements of the 9 KEYS YABES ENTERPRISE INC. for the year
ended December 31, 2014, on which we have rendered the attached report dated January 28, 2015.

In compliance with Revenue Regulation V-20, we are stating the following:

1. The taxes paid or accrued by the above Institution for the year ended December 31, 2014 are
shown in the Annual Income Tax Return.

2. I am not related by consanguinity or affinity to the president, manager or member of the board
of the company.

EXEQUIEL R. RIÑON JR.

CPA Certificate No.: 89038
TIN No.: 202-257-987
BIR A.N.: 08-004082-001-2012 dated: 06/18/2012 expiry: 06/18/2015
BOA A.N.: 3842 dated: 01/01/2013 expiry: 12/31/2015
PTR No.: 10818764
January 21, 2015
Las Piñas City

January 28, 2015