PSE Circular for Brokers No. 2073-99

August 20, 1999 PSE CIRCULAR FOR BROKERS NO. 2073-99 SECURITIES AND EXCHANGE COMMISSION SEC Form 11-C Current Report Pursuant to Section 11 Securities Act and RSA Rule 11 (a)-1 (b)(3) Thereunder 1. 18 August 1999 2. Commission Identification Number (SEC Registration No.) 7199 3. BIR TIN 002-856-627 4. Acesite (Phils.) Hotel Corporation 5. Philippines 6. Industry Classification Code: _____________ 7. Room 527, Holiday Inn Manila, United Nations Avenue, Ermita, Manila 1000 cdasia 8. Telephone Number (632) 526-1212 9. Former Name: Delbros Hotel Corporation Ermita, Manila Former Address: Delbros Suites, 22nd Floor, Manila Hilton, UN Ave., Former FY: January December 10. Common Stock (P1.00 par value) Authorized 300,000,000 shares Issued 99,852,308 shares 11. Items to be reported: Stockholders Meeting Earlier today, at the annual stockholders meeting of Acesite (Phils.) Hotel Corporation, the following were elected -members of the Board of Directors: P. H. Yu Francis B. Lam Gwen P. Feliciano Vicente G. Gregorio Norma T. Azores Gerry Ka Cheung Wai Alexander Lacson Andrew Ho Emmanuel Pelaez, Jr. Yiu Kin Wan Peter Go Pailian SGV & Company and Pelaez Gregorio Sipin Bala & Robles here retained as the external auditors and legal counsel of the company respectively. LLjur Board Meeting At the organizational meeting of the Board of Directors held immediately after the stockholders meeting, the following were elected officers of the corporation: P. H. Yu Chairman Francis Lam President Norma T. Azores Vice-President & Treasurer Vicente G. Gregorio Corporate Secretary At the same meeting, the following were elected members of the Executive Committee: P. H. Yu Francis Lam Norma T. Azores Gwen Feliciano Gerry Ka Cheung Wai Acesite (Phils.) Hotel Corporation By: (SGD.) RICKY L. RICARDO Manager, Corporate Affairs