IHAP BOARD OF DIRECTORS AND OFFICERS 2024 Members of the Investment House Association of the Philippines (IHAP) selected the association’s set of officers for 2024 during the Annual General and Organizational Meeting held last December 5, 2023 at the Alphaland Corporate Tower in Makati City. AIB’s President & CEO, Mr. Robert M. Lehmann, has been elected anew as president of IHAP for 2024, a post he has held since the second half of 2020. With the position Mr. Lehmann also retains the role as one of the directors of the association. Joining him also as incumbent officers are Mr. Gerry B. Valenciano, president and CEO of PNB Capital & Investment Corporation, as Vice President, Mr. Jose Patricio A. Dumlao, president of First Metro Investment Corporation, as Treasurer, Mr. Jesus Mariano P. Ocampo, managing director of Investment and Capital Corporation of the Philippines, as Corporate Secretary. OFFICERS President - Mr. Robert M. Lehmann Vice President - Mr. Gerry B. Valenciano Treasurer - Mr. Jose Patricio A. Dumlao Corporate Secretary - Mr. Jesus Mariano P. Ocampo DIRECTORS Mr. Robert M. Lehmann President and CEO- Amalgamated Investment Bancorporation Mr. Gabriel U. Lim Senior Vice President - BDO Capital & Investment Corporation Mr. Francis L. Jardeleza Director and COO - BPI Capital Corporation Mr. Ryan Martin L. Tapia President - China Bank Capital Corporation Mr. Jose Patricio A. Dumlao President - First Metro Investment Corporation Mr. Jesus Mariano P. Ocampo Managing Director - Investment and Capital Corporation of the Philippines Mr. Aurelio Noel G. Dayrit President - Maybank Capital, Inc. Mr. Jose Ma. A. De Leon Executive Vice President - Penta Capital & Investment Corporation Mr. Gerry B. Valenciano President and CEO - PNB Capital & Investment Corporation Mr. Arsenio Kenneth M. Ona President and CEO - RCBC Capital Corporation Mr. Virgilio O. Chua President - SB Capital Investment Corporation

Ladies and gentlemen, welcome to our Annual General Membership Meeting. Sincerest thanks to all of you for taking the time to attend today’s gathering. While this year marked our exit from the emergency brought by the COVID-19 pandemic, the challenges and impacts of the pandemic still affect us on many aspects of our life, economy, and society. This year also introduced new and brought back old and recurring challenges, including higher prices of basic and essential commodities such as food and fuel, high inflation rate, and lukewarm market. While Russia’s invasion of Ukraine is still ongoing, conflicts in the Middle East, including the fighting between Israeli and Hamas forces, have also raised global tensions and disrupted global markets and supply chains. Just like during the height of the COVID-19 pandemic, although we may not be able to overcome the challenges individually, we can nevertheless do so together. It is in this context that I address you today on behalf of the Board of Directors of IHAP. I would like to extend my thanks to all of you for your continuing support to our Association. Your commitment and participation make all the difference. Over the years, IHAP has remained resilient and was able to overcome many challenging situations. We are convinced that we will overcome these present challenges too. We would like to emphasize the special responsibility that an Association like ours has at this time. The underwriters play a pivotal and crucial role in keeping the capital markets robust and strong. In times like these, our purpose and values matter a lot to the people, to the companies, and to the Philippine economy that we serve. A year has passed, and it is once again time for us to look back and see our progress as an Association. Let me give you a brief walkthrough of the activities and projects we accomplished in 2023. On 29 March 2023, IHAP inducted its newly elected directors and officers. SEC Chairman Emilio B. Aquino was the inducting officer. On 16 August 2023, the 7th and 8th IHAP Awards were held, in partnership with R. G. Manabat & Co. or KPMG Philippines, to recognize the excellence and the good and hard work of our members. Let us continue to be inspired by each other not only to overcome the challenges we face but also to further develop our dynamic industry. SEC Commissioner Kelvin Lester K. Lee attended as Guest of Honor of the 7th and 8th IHAP Awards. On 15 September 2023, the 7th IHAP Cup Golf Tournament was held at the Manila Golf & Country Club. SEC Commissioner Kelvin Lester K. Lee, SSS President and CEO Rolando L. Macasaet, and GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso were the Guests of Honor. IHAP will be donating a total of PhP 120,000.00 from the proceeds of the 7th IHAP Cup Golf Tournament to charities chosen by the Guests of Honor. I would like to thank again our members who sponsored and/or participated in the 7th IHAP Cup Golf Tournament. On 19 September 2023, IHAP was an endorsing industry partner for the 5th REIT Philippines Investor Summit. Atty. Francis Ed. Lim of ACCRA Law and Mr. Hermenegildo Z. Narvaez, President and CEO of BPI Securities Corporation made brief presentations on behalf of IHAP during the said summit. All throughout the year, IHAP also participated in various inter-organizations meetings such as the Joint General Membership Meeting among IHAP, MART, ACI, TOAP and NASBI in November 2023. Also, IHAP’s Board met with SEC Commissioner Kelvin Lester K. Lee to discuss the issues which affect the members of IHAP, including, but not limited to, the increase in SEC fees and the current regulations that affect us in our underwriting transactions. Lastly, IHAP also supported a number of position papers regarding important subject matters that affect the industry and society in general such as the joint position paper on the proposed amendments to the REIT Act. IHAP also sent its comments to the proposed amendments to the REIT Act. Acknowledgements The year would not have been as great without the participation of all of those present here. For that, I give my deepest gratitude and appreciation to all of you, who have worked hard and contributed precious time and energy all towards the goal of having a successful and meaningful organization. I understand that this might not have been easy, considering the challenges we are all facing. I would particularly like to thank the Members of the Board of Directors and Officers of IHAP for religiously attending the meetings of the Association, supporting its various activities, and contributing their valuable time, resources, and expertise to bring IHAP to a new level. I also would like to thank the IHAP Secretariat, specifically, Mr. Ed Hipolito, IHAP’s counsels, ACCRALAW, and IHAP’s auditors, R. S. Bernaldo & Associates, for ensuring that the administrative aspect in running the Association is done smoothly. Thank you also to all active members of IHAP. Please know that you have all contributed in one way or the other. I would like to thank all IHAP members who have trusted me with the leadership of this august organization. Thank you for your support. I believe that we have been a great team for these past years, and I hope we will continue to be united for the years to come.

AIB awarded as one of the top performers in 2020 for Fixed-Income and Corporate Securities Brokering. 26 March 2021, Makati City, Philippines – Celebrated annually since 2006, the PDS Group Awards Night has hailed PDS members who have distinguished themselves over the past year, contributing to the growth and stability of the Philippine financial markets. This virtual awards ceremony was especially memorable as we were able to celebrate the achievements of our market who forged on through adverse conditions and collectively set annual milestones in both primary market activity at PHP 387 Billion, and secondary market activity at PHP 6.13 Trillion. Strength in Adversity as this year’s theme is reflective of our market participants’ resilience amidst the Covid-induced market. A total of forty-four (44) awards ranging from depository, custody, settlement, to fixed income market categories were received virtually by twenty-nine (29) top-performing institutions. The evening began with PDS Group President and CEO Ramon S. Monzon delivering his welcome remarks. “Not being able to receive the trophy in person does not lessen the prestige of the award we are giving out. In fact, the awards tonight probably have a bit more prominence because it represents deals and transactions done in a year characterized by economic turmoil and immense uncertainty. While the amount raised from corporate bond issuances have been on an uptrend, the record PHP 387.83 Billion in issuances and listing in 2020 is a testament to the confidence of institutional and retail investors to the stability of the financial markets.”, concluded Mr. Monzon. The Governor of the Bangko Sentral ng Pilipinas, Benjamin E. Diokno also graced the event through a recorded message. Gov. Diokno congratulated the PDS Group for having organized this virtual event as well as all the awardees for successful leadership and innovation throughout these trying times. He further reminded all the attendees to take note of all the lessons to be learned throughout the pandemic. Gov. Diokno remarked: “We should not let this unprecedented crisis go to waste. Let’s learn from it. Let us all continue to discover and tap into our inner strengths. Our shared fortitude as a nation will enable us to withstand all adversities and come out of this pandemic as economic champions”. After the insightful messages of Mr. Monzon and Gov. Diokno, the depository, settlement, and custody awards were announced where BDO Securities Corporation, the Hong Kong and Shanghai Banking Corporation Limited, Bank of China Limited, Manila Branch, and Security Bank Corporation took the top spots in their categories. The Securities and Exchange Commission Chairman Emilio B. Aquino then delivered his message. “Amidst this ongoing challenge and the continuous evolution in the markets globally, we are positive, and we look forward for further initiatives as well as the continuing involvement of every participant to help advance our debt market to become to become a more buyable investment destination, as well as continue to be among the fastest growing bond market in the region.”, said Chairman Aquino before honoring the top performers in the Corporate Securities Awards. The top performers in this category were conferred to Amalgamated Investment Bancorporation, Metropolitan Bank & Trust Co. (Metrobank), BPI Capital Corporation, Standard Chartered Bank, and First Metro Investment Corporation. Notably, Vista Land & Lifescapes, Inc was awarded as the Top Traded Corporate Bond Issue for 2020 for their PHP 10 Billion Fixed Rate Bonds due 2025. Meanwhile, the Bank of the Philippine Islands was given a Special Citation for their BPI COVID Action Response (CARE) Bond where proceeds were used to mitigate the socio-economic impact of the Covid-19 Pandemic. Following the honoring of the Corporate Securities Awards was a very encouraging message from the National Treasurer Rosalia V. De Leon. In her message, Hon. De Leon said: “This era of the Covid-19 pandemic will always be remembered of its devastating effects on public health and the country’s economy. But those of us in the financial industry will also look back at this time of how we demonstrated strength against such adversities and how we transformed opportunities into significant innovation in our reality”. The Honorable Treasurer De Leon then honored the awarding of the Government and Corporate Securities Awards where Union Bank of the Philippines and Metrobank held the top positions in their respective categories. The PDS Annual Awards’ highest honor, the Cesar E.A. Virata Award – Best Securities House, was presented to Metrobank (Bank Category) and BPI Capital Corporation (Investment House Category) – accolades they have held for eight and five consecutive years respectively. PDS Group Chairman Emeritus Cesar E.A. Virata closed the awards ceremony with a special message where he encouraged the award-winning institutions to strive for further growth in our capital market. “I’m very sure that the present institutions will follow all the regulations for a transparent and up to international standards. We also have the duty to educate our investors and our brokers to be able to show the best choice of investments in terms of debt capital or in equities. Our institutions should also be innovative enough to create new products and create new markets not only for the Philippine market but also to invite foreign investments in our securities. I really hope we can improve and develop further the Philippine Capital Market so we will not be too dependent on financing from banks.”, said Honorable Chairman Emeritus Virata.

AIB awarded as one of the top performers in 2021 for Fixed-Income Brokering. 25 March 2022, Makati City, Philippines – Celebrated annually for 17 years now, the PDS Annual Awards has hailed PDS members who have distinguished themselves over the past year, contributing to the growth and stability of the Philippine financial markets. For the second time, the PDS Group decided once again to hold the awards ceremony virtually due to the still ongoing Covid-19 pandemic. The decision to hold another virtual event came out of concern for the safety of our market participants and special guests. This virtual awards ceremony was nonetheless memorable as we were able to celebrate the achievements of our market who successfully created value despite these trying times. Creating Value, the theme for this year’s annual awards was embodied by this year’s winners. PDS market participants have indeed remained strong and steadfast behind yet another challenging year. A total of 45 awards, ranging from depository, custody, and settlement, to fixed income market categories were recognized in the virtual awards ceremony. The celebratory evening began with a message from PDS Group President and CEO Ramon S. Monzon. In his welcome remarks, he said: “All of our Group initiatives have been with the continued support of our regulators, the Securities and Exchange Commission as well as the Bangko Sentral ng Pilipinas. Both PDS and PSE have been active partners within the SEC’s Communication Advocacy and Network focused on increasing investor education and thereby improving awareness and their protection. The past year’s results are a testament to such regulator’s support for which we express our sincere gratitude.” “Tonight, like previous awards nights, is still about our stakeholders and a celebration of community members’ performances trialed through the challenges that the past year posed yet nonetheless outstanding.”, added Mr. Monzon. The Governor of the Bangko Sentral ng Pilipinas, Benjamin E. Diokno also graced the event and delivered a special message before awarding the depository, settlement, and custody awards. Gov. Diokno acknowledged the growth of our economy since the pandemic struck and affected many individuals whilst reminding everyone of what is expected of them. He said: “By now, we are seeing bright spots that suggest that the economy is on its way to recovery. The economy grew 5.6 percent in 2021, higher than government estimates and market expectations. Unemployment dropped to a low of 6.4 percent in January 2022 as businesses opened and adjusted to the new economy. Several other indicators, from mobility indices to manufacturing activities, suggest that full recovery is well on its way.” “Our goal is not only to regain what was lost to the pandemic, but to embark on a more sustainable path of development.”, further stated Gov. Diokno. After hearing the insightful messages of Mr. Monzon and Gov. Diokno, the depository, settlement, and custody awards were announced where BDO Securities Corporation, the Hong Kong and Shanghai Banking Corporation Limited, Bank of China Limited, Manila Branch, and Security Bank Corporation took the top spots in their categories. The Securities and Exchange Commission Chairman Emilio B. Aquino then shared some insight with all the attended. “We at the SEC encourage a digitalized work environment as we also develop and promote systems and systems and portals for easier access and processes”, said Chairman Aquino as he commended the PDS Group for the Group’s digitalization initiatives for the past year. “We laud the initiatives of the Group to digitalize its operations which will provide efficiency in the listing procedures, registry, and depository. This will encourage more issuers and investors to participate in our fixed income markets.”, further said Chairman Aquino. “The amount raised from new corporate bond listings for 2021 was lower than previous years. However, during the start of 2022, PDEx has recorded its largest-ever issuance which is the BDO Sustainability Bonds amounting to PHP 52.7 Billion. It was followed by the RCBC Sustainability Bonds Due 2024 amounting to PHP 14.76 Billion. In addition, the fixed income market likewise surpassed its previous year’s growth. Government bonds accounted for 43.15% of the GDP while corporate bonds were at 7.33%.”, said Chairman Aquino as he looks forward to a better year ahead. After Chairman Aquino’s message, the top performers in the Corporate Securities Awards were conferred to BPI Capital Corporation, Metropolitan Bank & Trust Co., China Bank Capital Corporation, Standard Chartered Bank, and First Metro Investment Corporation. Vista Land & Lifescapes, Inc was awarded as the Top Traded Corporate Bond Issue for 2021 for their PHP 10 Billion Fixed Rate Bonds due 2025, the same issue which also won them the award the previous year. At the same time, a special citation was also awarded to Ayala Land, Inc. for being the first issuer to use the electronic Securities Issue Portal (e-SIP) for its pre-listing and registry onboarding activities. The e-SIP, which was launched in May 2021 has since been utilized by ten (10) corporate issuers for eleven (11) listings since ALI’s pioneering utilization. Subsequent to the honoring of the Corporate Securities Awards was another special message for the evening from the National Treasurer Rosalia V. De Leon. In her message, Hon. De Leon said: “For the past two (2) years, our financial system has proven itself resilient in tackling the difficult circumstances brought about by the Covid-19 pandemic. As such, the Bureau of the Treasury the value of providing pandemic-friendly digital services to respond to the growing sophistication of Filipino investors and thereby embraces innovative structures that will continuously support the National Government’s financing efforts to realize the much-needed projects for economic recovery and sustainable growth.”, said Hon. Treasurer de Leon in her informative message. The Honorable Treasurer De Leon then honored the awarding of the Government and Corporate Securities Awards where AFS Philippines, Inc., Philippine National Bank, China Banking Corporation, and Metropolitan Bank & Trust Co. held the number one (1) sports in their respective categories. The main highlight of the evening was the awarding of the PDS Annual Awards’ highest honor, the Cesar E.A. Virata Award – Best Securities House for both the Bank and Investment House Categories. This Year’s Cesar E.A. Virata Awards were presented to China Banking Corporation for the bank category and First Metro Investment Corporation for the Investment House Category. PDS Group Chairman Emeritus Hon. Cesar E.A. Virata closed the awards ceremony with a special message. “I congratulate all the winners tonight for contributing to the healthy development of the Philippine Capital Market despite the effects of the pandemic on the business sector and the investors both in the equity and fixed income markets.”, remarked Hon. Virata. “Having been involved in the corporation of the Philippine Stock Exchange, Inc. and the Philippine Dealing System Corp. and Subsidiaries, I can see the unification of our Philippine Capital Market exchanges. I am glad that we are providing more investors to participate directly in the growth of our economy.”, said Hon. Virata as the event neared its close.