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Payment of penalty of Twenty-Eight Thousand Five Hundred Pesos (PHP28,500.00) to the Securities and Exchange Commission (“SEC”) due to noncompliance with the SEC’s financial reporting requirements, specifically, material disclosure deficiency in the Company’s 2013 Consolidated Audited Financial Statements

Payment of penalty of Twenty-Eight Thousand Five Hundred Pesos (PHP28,500.00) to the Securities and Exchange Commission (“SEC”) due to noncompliance with the SEC’s financial reporting requirements, specifically, material disclosure deficiency in the Company’s 2013 Consolidated Audited Financial Statements

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