Crown Equities Inc.PSE: CEI

Results of Organizational Meeting of Board of Directors

· Issued by Crown Equities Inc.
SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jun 23, 20222. SEC Identification Number 397453. BIR Tax Identification No. 002-837-4614. Exact name of issuer as specified in its charter CROWN EQUITIES, INC.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Crown Center, 158 Jupiter cor. N. Garcia Sts., Makati CityPostal Code12098. Issuer's telephone number, including area code (632) 8899-0081, (632) 8899-04559. Former name or former address, if changed since last report NA10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 14,959,999,950
11. Indicate the item numbers reported herein Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Crown Equities, Inc.CEI PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure

Results of the Organizational Meeting of the Board of Directors of Crown Equities, Inc.

Background/Description of the Disclosure

Ladies and Gentlemen:

In the Organizational Meeting of the Board of Directors of Crown Equities, Inc. (CEI) held May 24, 2022 via Remote Communication (Microsoft Teams), the corporate officers and Board Committee members were appointed.

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Position/Designation Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
George L. Go Chairman and Chief Audit Executive 17,695,880 756,942,500 N/A
Wilfrido V. Vergara Vice Chairman 2,297,600 22,536,000 N/A
Romuald U. Dy Tang President 10,292,000 76,700,000 N/A
Patrick D. Go Treasurer and Chief Compliance Officer 68,123,000 181,412,000 N/A
Eugene B. Macalalag First Vice President and Investors Relations Officer 13,040,088 6,800,000 N/A
Christopher Brian C. Dy Assistant Vice President for Real Estate Subsidiaries & Operations and Chief Risk Officer 6,632,000 0 N/A
Mark O. Vergara Corporate Secretary 0 0 N/A
Gino Paulo O. Uy Assistant Corporate Secretary 0 0 N/A
List of Committees and Membership
Name of Committees Members Position/Designation in Committee
Executive Committee Wilfrido V. Vergara Chairman
" George L. Go Member
" Romuald U. Dy Tang Member
Nominations Committee George L. Go Chairman
" Wilfrido V. Vergara Member
" Romuald U. Dy Tang Member
" Ramon A. Recto Member
Compensation and Remuneration Committee Wilfrido V. Vergara Chairman
" George L. Go Member
" Romuald U. Dy Tang Member
" Emilio S. De Quiros, Jr. Member
Audit Committee Conrado G. Marty Chairman
" Ramon A. Recto Member
" Rodolfo B. Fernandez Member
Corporate Governance Committee Rodolfo B. Fernandez Chairman
" Ramon A. Recto Member
" Reynaldo V. Reyes Member
Board Risk Oversight Committee Emilio S. De Quiros, Jr. Chairman
" Rodolfo B. Fernandez Member
" Nixon Y. Lim Member
Related Party Transaction Committee Nixon Y. Lim Chairman
" Reynaldo V. Reyes Member
" Emilio S. De Quiros, Jr. Member
Investment Committee Wilfrido V. Vergara Chairman
" George L. Go Member
" Romuald U. Dy Tang Member
" Emilio S. De Quiros, Jr. Member
" Reynaldo V. Reyes Member
" Nixon Y. Lim Member
" Eugene B. Macalalag Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors

Appointment of Rodolfo B. Fernandez as Lead Independent Director.

Other Relevant Information

Earlier disclosure is being amended to indicate the professional experience of newly appointed Corporate Secretary, Atty. Mark O. Vergara as follows:

Atty. Mark O. Vergara has considerable exposure in the field of Banking and Finance. His early involvement in the Build Operate Transfer (BOT) and Build Own Operate (BOO) concessions of the government resulted in extensive legal advisories on project finance transactions covering the first wave of power sector infrastructure projects under the original iteration of the Philippine BOT Law. He has served as counsel for the lenders on the financing of the nationwide computerization projects such as that of the Land Transportation Office and the Land Registration Authority likewise under BOT and BOO concessions.

Atty. Vergara regularly provides advice to client private & government banks & financial institutions in loan syndications, and in corporate bonds & notes issuances. He has advised local lenders in the loan syndications for the construction & operation of the expressway in north Luzon and the redevelopment of the harbor port for the domestic passenger terminal in Manila, both priority projects of the government.

Atty. Vergara is also involved in the Mergers & Acquisition practice, having counseled and advised on the consolidation of the expressways in south Luzon. In addition, Atty. Vergara also provides dedicated advice to international firms on global corporate solutions for multinational corporate clients on cross-border issues, particularly on equity compensation.

Atty. Vergara has been recognized by Asia Legal 500 in the field of Banking and Finance, and in Capital Markets. He is currently a senior partner at the Martinez Vergara & Gonzalez Sociedad Law.

Thank you.

Filed on behalf by:
Name Elmer Serrano
Designation Corporate Information Officer

Earlier from Crown Equities

All Crown Equities news releases