PSE Circular for Brokers No. 680-00

March 16, 2000 PSE CIRCULAR FOR BROKERS NO. 680-00 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) THEREUNDER 1. Date of Report (Date of earliest event reported): 15 March 2000 2. SEC Identification No.: 60586 3. BIR Tax Identification No.: 004 5042281-VAT 4. Exact name of registrant as specified in its charter: EAST ASIA POWER RESOURCES CORPORATION (formerly Northwest Holdings & Resources Corporation) 5. Philippines 6. Thursday(SEC Use Only) Province, country or other jurisdiction Industry Classification Code of incorporation 7. 20th Floor OMM-CITRA Condominium San Miguel Avenue Pasig City 1605 Address of principal office Postal Code 8. (632) 633-1626 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 3,554,720,004 Outstanding Shares US$25,000,000.00 in Outstanding Debt 11. Indicate the item numbers reported herein: Item 4 Resignation, Removal or Election of Registrant's Directors or Officers. 12. Report on Item No. 4 Resignation of Registrant's Directors or Officers The Board of Directors of East Asia Power Resources Corporation ("EAPRC' or the "Company") wishes to inform the Securities & Exchange Commission ("SEC") and the Philippine Stock Exchange, Inc. ("PSE") that, in the regular meeting of the Board of Directors held today, the resignations of the following directors and officer were received by the remaining members of the Board of Directors, to wit: Name Position John D. Hushon Director/Chairman of the Board Victor S. Chiongbian Director Wayne B. Allred Director Richard H. Weiss Director Augusto T. Villa-Real Director John Stuart A. Slack Director and the following persons were elected by the remaining Board members to fill the vacancies, to serve in such capacity until their successors shall have been duly elected and qualified in the year 2000 Annual Stockholders' Meeting, to wit: Name Position Richard K McQuain Director A. Parks Cobb Director W. Patrick Fligg Director Byron G. Kelley Director Victor M. Taylor Director Mathew Cassidy, Jr. Director The Board of Directors also elected Mr. Byron G. Kelley as Chairman of the Board and appointed Mr. Robert G. Diffley to the office of Chief Operating Officer, which has been vacant since February 11, 1999. 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. ACaEcH EAST ASIA POWER RESOURCES CORPORATION by: (SGD.) WALDEN H. TANTUICO Authorized Representative