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PSE Circular for Brokers No. 1557-98

PSE Circular for Brokers No. 1557-98 • Philippine Stock Exchange • Circulars for Brokers • Jul 8, 1998

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July 8, 1998 PSE CIRCULAR FOR BROKERS NO. 1557-98 July 7, 1998 Philippine Stock Exchange, Inc. Philippine Stock Exchange Center Exchange Road, Ortigas Complex Pasig City Attention: Mr . Reynold P . Ong Vice President-Listings and Disclosure Group Gentlemen : Please be informed that at the Organizational Meeting of the Board of Directors held today, 7 July 1998, the following were elected officers of the Corporation to serve as such for the ensuing year and until their successors shall have been elected and shall have qualified: Lawrence C. Qua Chairman/President/CEO Remedios C. de Jesus Executive Vice President/COO Raymond C. Qua Treasurer Bonifacio R. Domingo Vice President Finance Romeo R. de la Rosa Vice President/General Manager Manuel R. Roxas Corporate Secretary Anna Melissa L. Rosario Assistant Corporate Secretary During the same meeting, the Board of Directors approved a U.S. $10.0 million capital expenditure for the acquisition of additional equipment and the expansion of its plant. The Board also approved an additional U.S. $500,000 investment in Stream Machine a company which produces DVD chip sets and DVD system chips. Should you wish further clarification on the above matters, please let us know. Very truly yours, (SGD.) MANUEL R. ROXAS Corporate Secretary

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