Mr. T.R. Miguel

April 22, 1982 Mr. T.R. Miguel Growth Link Inc. 108 Panay Avenue Quezon City Dear Sir: This has reference to your letter of February 19, 1982 seeking clarification as to whether or not an absentee-director may be substituted by any stockholders present during the annual stockholders' meeting of Supra Process and Engineering Supplies Inc. In reply, please be informed that this Commission could not render an appropriate opinion based on facts alleged in your letter since the same is a matter of evidence and therefore a justiciable issue which could only be clarified and determined in a proper proceeding. Like in other letter-queries of similar nature, the Securities and Exchange Commission has adopted the policy of not taking any action that will prejudice the outcome of the case, if it will eventually be litigated in the future. Thus, instead of rendering an opinion on said questions and in order to afford the parties due process of law, we suggest that you file the necessary verified complaint with this Commission. Please be guided accordingly. LexLib Very truly yours, (SGD.) CORAZON I. MORANDO Director Corporate and Legal Department