Re: Impact Evaluation Report Submission as of 06 February 2023

February 6, 2023 SEC ADVISORY RE: IMPACT EVALUATION REPORT SUBMISSION AS OF 06 FEBRUARY 2023 A) We thank the companies who gave acceptable submissions on or before the deadline and we will see to it that the submissions will form part of the policy inputs to the re-evaluation of Bangko Sentral ng Pilipinas Circular 1133, series of 2021 (BSP Circular 1133, s. 2021) as echoed by SEC MC No. 3, series of 2022. Below is the additional list of companies that submitted their IERs and have been deemed acceptable: 1) RIZAL A+ CREDIT CORPORATION 2) ARQCAPITAL SME FINANCE, INC. 3) Afianzar Lending Corporation 4) Laus Financing and Leasing Corporation 5) EQUAL LENDING INVESTOR CORPORATION 6) KS PRIME FINANCIAL CORP. 7) Metro Alabang Finance and Loans Corporation 8) Commercial Trade Financial Services, Inc. 9) YULON FINANCE PHILIPPINES CORPORATION 10) Dreamlife Microloans Lending Corporation 11) Fintouch Financing, Inc. 12) Fintouch Lending, Inc. 13) Gofish.com Mktg. Lending Svcs., Inc. 14) PHILTIMES CREDIT CORPORATION 15) South Asialink Finance Corporation 16) Bluestone Finance Corporation 17) iDIRECT FINANCE COMPANY, INC. 18) TRI-SUMMIT LENDING INVESTOR, INC. 19) GOLDEN HARVEST FINANCE CORPORATION 20) Cash 24 Financing, Inc. 21) VLLENET LENDING CORPORATION 22) Centro Uno Lending Corp. 23) Dreamlife Lending Investors, Inc. 24) AND FINANCING CORPORATION 25) EMA PRIME VALUE CREDIT CORPORATION 26) FIRST EMA WEST CREDIT CORPORATION 27) Flexi Finance Asia, Inc. 28) Dynawest Finance Corp. 29) Cagayan Valley A+ Credit Corporation 30) TD3 Smart Fund Credit Corporation 31) Gold Gem Lending Investors Corporation 32) RD CREDIT CORPORATION 33) PHILMOUNT CREDIT CORPORATION 34) FinShell Financing, Inc. 35) FinShell Lending, Inc. 36) Silver Finance, Inc. 37) EverFirst Loans Corporation 38) Welcome Finance, Inc. 39) MERIDIAN FINANCE AND CREDIT CORPORATION B) We hope to hear from the other companies that have yet to comply to avoid incurring penalties under Section 6-B of the MC No. 3, series of 2022, to wit: B. Noncompliance with Section 4 Frequency FCs LCs First Offense P10,000.00 plus P200.00 daily penalty P10,000.00 plus P100.00 daily penalty Second Offense Suspension of CA Third Offense Revocation of CA FCs and LCs who fail to submit the Impact Evaluation Report within the prescribed time, but who do not offer loans covered by the ceiling, shall only be subject to monetary penalties equivalent to the First Offense above-stated. C) We will inform the industry of any policy adjustments that will be made subsequently with respect to the interest rate cap.