PSE Circular for Brokers No. 2677-98

November 27, 1998 PSE CIRCULAR FOR BROKERS NO. 2677-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 26 November 1998 (Date of Report [Date of earliest/event reported]) 2. SEC Identification Number 163671 3. BIR Tax Identification No. 320-000-804-342 4. GUOCO HOLDINIGS (PHILIPPINES), INC. Exact name of registrant as specified in its charter 5. Metro, Manila, Philippines Province, country or other jurisdiction of incorporation 6. [ ] (SEC Use Only) Industry Classification Code 7. 17/F, BA-Lepanto Building, 8747 Paseo De Roxas, Makati City Address of Registrant's Principal Office 8. (632) 887-8701 Registrant's Telephone Number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the RSA (As of 31 October 1998) Title of each Class Number of shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares 2,366,444,383 Preferred Shares 0 Loans Payable P8.7 Billion 10. Indicate the item numbers reported herein: Items 4 and 9 In compliance with the Disclosure Rules of the Securities & Exchange Commission, we wish to inform you that at the annual meeting of the stockholders of Guoco Holdings (Philippines), Inc . (the "Corporation") held on 26 November 1998, the following were elected as directors of the Corporation for the fiscal year 1998-1999: Kwek Leng Hai Felipe U. Yap David C. Go Micky Yong Mee Swee Victor C. Say Ricardo J. Romulo Yuen Po Seng At the Organizational Meeting of the Board of Directors immediately following the stockholders' meeting, the following were elected as officers: Kwek Leng Hai Chairman of the Board Felipe U. Yap Vice-Chairman David C. Go Vice-Chairman Micky Yong Mee Swee President & Chief Executive Officer Yuen Po Seng Executive Vice President/Treasurer Daisy L. Parker Corporate Secretary Ma. Rhodora P. dela Cuesta Asst. Corporate Secretary Further, the Stockholders of the Corporation approved the following: 1. The renewal of the Corporation's Management Agreement with Guoco Assets (Philippines), Inc.; and LLjur 2. The Corporation's acceptance of the assignment to it by its wholly-owned subsidiary, Guoco Industries, Inc., of the latter's Management Agreement with Pepsi-Cola Products Philippines, Inc. GUOCO HOLDINGS (PHILIPPINES), INC. By: (SGD.) DAISY L. PARKER Corporate Secretary