Re: Impact Evaluation Report Submission as of 03 February 2023

February 3, 2023 SEC ADVISORY RE: IMPACT EVALUATION REPORT SUBMISSION AS OF 03 FEBRUARY 2023 A) In relation to Section 4 of the Memorandum Circular No. 3, series of 2022 (MC No. 3, series of 2022) regarding submission of Impact Evaluation Report (IER) that will be due on 06 February 2023 (with extension for submission per notice posted dated 13 January 2023), the Financing and Lending Company Division (FLCD), as of today, received a total number of 150 submissions for both Financing and Lending Companies. B) After careful review of the submitted IERs, the submissions of the following companies have been deemed acceptable: 1) BATCH '69 FINANCING CORPORATION 2) Creditable Lending Corporation 3) Comtrust Finance and Investment Corporation 4) PHILTIMES CREDIT CORPORATION 5) FILIPINO LOAN AND CREDIT CORPORATION 6) ORIX METRO Leasing and Finance Corporation 7) Kidmmanj Lending, Inc. 8) LGMC LENDING CENTER, INC. 9) NEW WEALTH RESURGE MONEY LENDING CORPORATION 10) MR. YU FINANCE CORPORATION 11) JEE FINANCE CORPORATION 12) KER CHING LENDING CORPORATION 13) LLMQ FINANCE CORPORATION 14) LITA FINANCIAL SERVICES CORPORATION 15) JANE FINANCIAL SERVICES CORPORATION 16) HIGHLITE FINANCE CORPORATION 17) ECLAIRE FINANCE CORPORATION 18) CONCHITA FINANCIAL SERVICES CORPORATION 19) CEL FINANCIAL SERVICES CORPORATION 20) ULTIMATE CREDIT LENDING CORPORATION 21) ENSINE CREDIT LENDING CORPORATION 22) GREENISH CREDIT AND LENDING CORPORATION 23) SEPIAH CREDIT LENDING CORPORATION 24) RUSTWINE CREDIT LENDING CORPORATION 25) ORCHID BLOOM CREDIT AND LENDING CORPORATION 26) CLOVER ELITE CREDIT AND LENDING CORPORATION 27) IRIS CLASS CREDIT AND LENDING CORPORATION 28) CARNATION BLUSH LENDING CORPORATION 29) CHERRY BLAZE CREDIT AND LENDING CORPORATION 30) WOOD BROWN LENDING CORPORATION 31) PLUM CREDIT AND LENDING CORPORATION 32) ELJ CREDIT & LENDING CORPORATION 33) DEBIAN RED LENDING CORPORATION 34) APPLE ELEGANS LENDING CORPORATION 35) JOANCHRISKARKA LENDING COMPANY, INCORPORATED 36) LOLC FINANCE PHILIPPINES, INC. 37) Clevergold Credit Corporation 38) ADVANCED MERCHANT PAYMENTS (AMP) LENDING CORPORATION 39) Argem Loans, Inc. 40) Summit Leasing and Finance Corporation C) To companies that have yet to receive any acknowledgement: please note that your submission is still under review. D) To companies that have received an email returning their submissions: please re-submit but comply fully with the directives. E) To companies that fail to comply with the submission of the IER: kindly refer to Section 6-B of the MC No. 3, series of 2022, to wit: B. Non-compliance 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.