PSE Circular for Brokers No. 496-99

March 16, 1999 PSE CIRCULAR FOR BROKERS NO. 496-99 March 15, 1999 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. March 15, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number: 38745 3. BIR Tax Identification No.: 002-837-461 4. CROWN EQUITIES, INC. (CEI) Exact name of registrant as specified in its charter 5. Metro Manila Province, country or other jurisdiction of incorporation 6. [ ] (SEC Use only) Industry Classification Code: 7. 20/F Pacific Star Building, Sen. Gil J. Puyat Avenue, Makati City, Metro Manila Address of principal office Postal Code 8. (632) 811-5526 to 27 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 Number of Share of Common Stock Outstanding Title of Each Class and Amount of Debt Outstanding Common Shares 1,699,999,995 11. Indicate the item numbers reported herein: Item 9 In its meeting on March 15, 1999, the CEI Board of Directors approved the postponement of the annual stockholders' meeting to May 25, 1999 , in lieu of April 27, 1999 (which is the scheduled date under the By-Laws) to afford the Company's external auditors sufficient time to complete the preparation of the Company's audited financial statements as of December 31, 1998. The postponement of the annual stockholders' meeting will enable the Company to comply with the requirements of RSA 34(c)-1 (Information Statement Rule) specifically requiring that the Company's audited financial statements shall form part of the Annual Report accompanying the Information Statement which shall be distributed to all stockholders at least 15 business days prior to the scheduled date of the annual stockholders' meeting. aisadc In the same meeting, the Board of Directors likewise approved April 15, 1999 as the record date for purposes of determining the stockholders entitled to notice and to vote at the annual meeting of the stockholders to be held on May 25, 1999. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CROWN EQUITIES, INC. Registrant By: (SGD.) CYNTHIA Y. LIGERALDE-DE LA PAZ Assistant Corporate Secretary