Application for a Certificate of Authority to Operate as a Financing Company

September 12, 2005 IN THE MATTER OF PANAY FINANCE 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 Leganes, Iloilo. The applicant's capital structure is as follows: Authorized Capital Stock P2,500,000.00 Subscribed Capital Stock 2,500,000.00 Paid-up Capital Stock 2,500,000.00 According to the papers/documents presented, the following persons are the officers/directors of the corporation: Name Position Quintin M. Florete, Jr. Chairman/President Ma. Cecilia D. Florete Director/Corp. Sec. Jose Audie T. Jamili Director/Treasurer Hernando R. Catequista, Jr. Director Romeo G. Cahilgan, Jr. Director Juan Paolo F. Amistoso 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. cCEAHT 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. September 12, 2005. (SGD.) JUSTINA F. CALLANGAN Director Published in The Manila Times on September 16 & 19, 2005.