PSE Circular for Brokers No. 650-99

March 31, 1999 PSE CIRCULAR FOR BROKERS NO. 650-99 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. 30 March 1999 Date of Report 2. SEC Identification Number: ASO94-006430 3. BIR Tax Identification Number: 003-942-108 4. EMPIRE EAST LAND HOLDINGS, INC. Exact name of registrant as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC Use Only) Industry Classification Code 7. 21st Floor, The World Centre 330 Sen. Gil J. Puyat Avenue Makati City, Philippines 1227 Address of principal office 8. (632) 867-8351 to 59 Registrant's telephone number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Class No. of Common Shares Outstanding Common 4,676,530,649 10. Item No. 9. Other Events. The Board of Directors of Empire East Land Holdings, Inc. (The "Corporation") approved, today, an increase in the Corporation's authorized capital stock from Ten Billion Pesos (P10,000,000,000.00) to Thirteen Billion Pesos (P13,000,000,000.00) divided into Eleven Billion (11,000,000.00) common shares and Two Billion (2,000,000,000) preferred shares. LexLib The Board also set on May 6, 1999, the record date for this year's annual stockholders' meeting. In a previous meeting, the Board approved the amendment to the By-Laws of the Corporation moving the date of the annual stockholders' meeting from the third Friday of April to the second Tuesday of June of each year as well as the postponement of this year's annual stockholders' meeting to June 8, 1999. This year's meeting will thus be held on June 8, 1999 at 1:00 p.m. at the Eastwood City Information Center (Showroom), C-5 Road, Libis, Quezon City, Philippines. The agenda for the annual stockholders' meeting shall be as follows: 1 Proof of Notice to Stockholders 2. Determination of Quorum 3. Reading and Approval of Minutes Of previous Meeting 4. Report of Management for the year 1998 5. Amendment to the Articles of Incorporation: Increase in Authorized Capital Stock 6. Amendment to the By-Laws: Change in Date of Annual stockholders' Meeting 7. Ratification of Acts of the Board of Directors and Officers for the year 1998 8. Election of Directors 9. Adjournment SIGNATURE 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. EMPIRE EAST LAND HOLDINGS, INC. By: (SGD.) ENRIQUE SANTOS L. SY Corporate Secretary