Wellex Industries, Inc.

November 26, 1999 PSE CIRCULAR FOR BROKERS NO. 3025-99 SUBJECT : Wellex Industries, Inc . Wellex Industries, Inc. ("WIN") furnished the Exchange a copy of its SEC Form 34-C (Preliminary Information Statement) in connection with its Annual Stockholders' Meeting which will be held on December 28, 1999 , at 2:30 p.m., at the Makati Shangri-La, Manila, Ayala Avenue, Makati City. The agenda of the meeting shall be as follows: 1. Call to Order LexLib 2. Report on Attendance and Quorum LibLex 3. Approval of Minutes of Previous Annual Stockholders' Meeting cdlex 4. Report to Stockholders for the year 1998 5. Ratification of Acts of the Board and Management for 1998 6. Appointment of External Auditor cdlex 7. Election of Board of Directors for the ensuing term cdll 8. Such Other Business as may properly come before the meeting cdlex Stockholders of record as of December 9, 1999 are entitled to notice of, and to vote at, said meeting. For this purpose, the Board authorized the closing of the stock and transfer books of the corporation during the period from December 10, 1999 to December 28, 1999. A copy of WIN's Preliminary Information Statement is available for reference at the PSE Centre and PSE-Ayala Libraries. LibLex For your information. llcd (SGD.) MARIA ISABEL T. GARCIA OIC, Listings and Disclosure Dept.