PSE Circular for Brokers No. 903-99

April 28, 1999 PSE CIRCULAR FOR BROKERS NO. 903-99 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. 27 April 1999 (Date of earliest event reported) 2. SEC Identification Number 23736 3. BIR Tax Identification NO. 000-099-128 4. STENIEL MANUFACTURING CORPORATION 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. Gateway Business Park General Trias, Cavite, Philippines 4107 Address of principal office Postal Code 8. (046) 433-0026 and 433-0027 Registrant's telephone number, including area code 9. N. A. 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 Common Shares 876,182,045 Reported by the stock transfer agent as of March 31, 1999. 11. Indicate the item numbers reported herein: Item 4 Election of Directors Officers and Item 9 Other Events Item 4 Election of Directors/Officers At the annual meeting of the stockholders of Steniel Manufacturing Corporation (the "Company") held on 27 April 1999, the following were elected as directors: aisadc 1. Napoleon L. Nazareno 2. Albert F. del Rosario 3. Manuel V. Pangilinan 4. Ricardo S. Pascua 5. Edward S. Go 6. Meliton V. Salazar 7. Heinrich J. Merkt 8. Leonardo Siguion-Reyna 9. Delfin P. Paycana 10. Ian C. Wilson 11. Gemma M. Santos At the organizational meeting of the Board of Directors of the Company, immediately following the annual meeting of stockholders, the following were elected as officers: Napoleon L. Nazareno Chairman of the Board President & CEO Albert F. del Rosario Vice-Chairman Delfin P. Paycana Chief Operating Officer Paul Richard T. Camangian Treasurer Axel B. Aguirre Corporate Secretary At the same meeting, the auditing firm of Joaquin Cunanan & Co. was re-appointed as the Company's independent auditors for the fiscal year 1999. Item 9 Other Events At the said annual meeting of the stockholders of the Company stockholders representing at least two-thirds of the issued and outstanding capital stock of the Company approved the amendment to the Article Third of the Amended Articles of Incorporation changing the principal office of the Company from Cavite City to General Trias, Cavite. 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 hereto duly authorized. STENIEL MANUFACTURING CORPORATION (SGD.) AXEL B. AGUIRRE Corporate Secretary