In the Matter of People's Assured Financing Corporation

June 10, 2005 IN THE MATTER OF PEOPLE'S ASSURED FINANCING CORPORATION APPLICATION FOR A CERTIFICATE OF AUTHORITY TO OPERATE AS A FINANCING COMPANY NOTICE AND ORDER Notice is hereby given that the above-named corporation has filed an application for a Certificate of Authority to engage in financing business in accordance with Sections 2, 4, and 5 of the Rules and Regulations to Implement the Provisions of R.A. No. 8556 (The Financing Company Act of 1998). Its principal office shall be located in J. R. Borja Street, Cagayan de Oro, Misamis Oriental. The applicant's capital structure is as follows: Authorized Capital Stock P40,000,000.00 Subscribed Capital Stock 10,000,000.00 Paid-up Capital Stock 10,000,000.00 According to the papers/documents presented, the following persons are the directors/officers of the corporation: Name Position Tomas U. Yap Chairman Sherman Y. Yap Director/President Ronald Y. Yap Director/Treasurer Melodina Y. Yap Director Lily S. Yap Director Stella Marie Y. Yap Director This Notice and Order shall be published in a newspaper of general circulation in the Philippines once a week for two (2) consecutive weeks and shall be simultaneously posted in a public and conspicuous place in the City/Municipality where the office of the company is proposed to be located and in the office of the Commission. SECATH Any interested party may oppose the application in writing personally or through counsel within two (2) weeks after the last publication of the Notice. If the Commission finds that the requirements of R.A. No. 8556, the Implementing Rules and Regulations and other pertinent laws have been complied with and no valid reason exists for the disapproval of the subject application, the Commission shall take appropriate action on said application. SO ORDERED. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on July 23 & 25, 2005 .