PSE Circular for Brokers No. 655-00

March 14, 2000 PSE CIRCULAR FOR BROKERS NO. 655-00 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) 1. March 13, 2000 Date of Report (Date of earliest event reported) cdlex 2. SEC Identification Number: 38745 3. BIR Tax Identification No.: 002-837-461 4. CROWN EQUITIES, INC. Exact name of registrant as specified in its charter 5. Manila 6. (SEC Use Only) Province, country or other jurisdiction of Industry Classification Code of incorporation 7. 17th Floor, Equitable Bank Tower, 8751 Paseo de Roxas, Makati City Address of principal office 8. (632) 886-01-57 to 60 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 or Amount of Debt Outstanding Common Shares 1,699,999,995 11. Indicate the item numbers reported herein: Item 9 In its meeting on March 13, 2000, the CEI Board of Directors approved the postponement of the annual stockholders' meeting to June 23, 2000, in lieu of April 25, 2000 (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, 1999. The postponement of the annual stockholders' meeting will enable the Company to comply with the requirements of RSA Rule 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 fifteen (15) days prior to the scheduled date of the annual stockholders' meeting. In the same meeting, the Board of Directors likewise approved April 30, 2000 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 June 23, 2000. 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.) MS. MELANIE S. BELEN Executive Vice President & Chief Financial Officer