PSE Circular for Brokers No. 3244-99

December 21, 1999 PSE CIRCULAR FOR BROKERS NO. 3244-99 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. 17 December 1999 Date of Report 2. SEC Identification No. 4409 3. BIR Tax Identification No. 000-313-401 4. WILLIAM, GOTHONG & ABOITIZ, INC. (formerly William Lines, Inc.) Exact name of registrant as specified in its charter 5. Philippines Province country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. Sergio Osmea Blvd., North Reclamation Area, Cebu City Address of principal office 6000 Postal Code 8. 032-2320421 Registrant s telephone number including area code 9. Not Applicable Former name or former address if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common Shares 1,496,598,638 11. Indicate the item numbers reported herein: Item # 4 RESIGNATION OF BOARD OF DIRECTORS Effective October 11, 1999, Mr. Albert S. Chiongbian has resigned his seat as director of WG&A to devote full time and attention to his business interests. Mr. Felipe O. Casing has been appointed to represent his boardseat. Mr. Casing brings to WG&A a rich experience in shipping and logistics spanning over 40 years as a key executive of the old William Lines, Inc. and as Co-Founder and, presently, Chairman/CEO of Fast Cargo Logistics Corporation. Pursuant to the requirements of the Memorandum Circular No. 5 series of 1997, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GOTHONG & ABOITIZ. INC. Registrant (SGD.) SUSAN V. VALDEZ Chief Financial Officer