In re Forum Pacific, Inc.

April 8, 2008 SEC-CFD ORDER NO. 034-08 IN THE MATTER OF FORUM PACIFIC, INC. VIOLATION OF SRC RULES 17.1 (1) (A) (i) AND 17.1 (1) (a) (ii) ORDER OF REVOCATION The records on file with this Commission show that: 1. In its Order dated May 7, 2007, the Commission suspended the registration of securities of Forum Pacific, Inc. for a period of sixty (60) days upon receipt thereof or upon payment of the assessed monetary penalty, whichever comes first for the company's failure to timely file its 2005 Annual Report (SEC Form 17-A) in violation of SRC Rules 17.1 (1) (A) (i), its 1st and 2nd Quarterly Report for 2006 in violation of SRC Rules 17.1 (1) (A) (ii) as well as for failing to comply with the Order of the Commission dated May 17, 2006. 2. The company received said Suspension Order on May 9, 2007, hence, it had until July 9, 2007 within which to comply therewith. Despite the hearing for revocation on September 11, 2007, where the company was duly represented, the company failed to comply with said Suspension Order when it paid the monetary penalty assessed against it for said violations only on October 18, 2007. 3. Furthermore, while the company was still suspended it committed subsequent violations when it failed to timely file its 2006 Annual Report (SEC Form 17-A) and its 1st Quarter Report for 2007, in violation of SRC Rules 17.1 (1) (A) (i) and (ii), respectively. Pursuant to the resolution of the Commission in its meeting on March 27, 2008, the company's registration of Securities/Permit to Sell Securities is hereby REVOKED. This revocation order, however, shall not exempt the company from complying with its reportorial obligations under the Securities Regulation Code or other pertinent laws. Let a copy of this Order be transmitted to the Philippine Stock Exchange and posted in the Commission's official website for the information and guidance of the public. HIAcCD SO ORDERED. EDSA, Mandaluyong. April 8, 2008. (SGD.) JUSTINA F. CALLANGAN Director