Max's Group IncPSE: MAXS

Results of Annual or Special Stockholders' Meeting

· Issued by Max's Group 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) May 20, 20222. SEC Identification Number A2000-003083. BIR Tax Identification No. 205-357-210-0004. Exact name of issuer as specified in its charter MAX'S GROUP, INC.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 3F KDC Plaza Chino Roces AvenuePostal Code12308. Issuer's telephone number, including area code 02842480009. 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 1,037,292,224
11. Indicate the item numbers reported herein Items 3, 4 and 9

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.

Max's Group, Inc.MAXS PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' 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 Company's 2022 Annual Stockholders' Meeting

Background/Description of the Disclosure

On 20 May 2022, the Company held its Annual Stockholders' Meeting via remote communication in accordance with SEC Rules. The matters approved during the meeting are as stated in this report.

List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
SHARON T. FUENTEBELLA 26,437,890 0 NA
ROBERT RAMON F. TROTA 33,906,034 0 NA
CAROLYN F. TROTA 32,212,460 0 NA
DAVE T. FUENTEBELLA 25,686,860 0 NA
CRISTINA T. GARCIA 33,292,714 0 NA
JIM T. FUENTEBELLA 26,437,890 0 NA
WILLIAM E. RODGERS 19,094,802 0 NA
ISAIAS P. FERMIN 640,200 0 NA
ANTONIO JOSE U. PERIQUET 3,000,002 0 NA
JOSE VICTOR P. PATERNO 100 0 NA
External auditor Reyes, Tacandong & Co.
List of other material resolutions, transactions and corporate actions approved by the stockholders

(a) During the Annual Stockholders' Meeting on May 20, 2022, stockholders holding 608,658,670 shares, constituting 100% of the total voting shares represented at said meeting, and comprising 58.67% of the total issued and outstanding capital stock of the Corporation approved the amendment of the By-Laws of the Corporation to comply with the procedures set for by the Securities and Exchange Commission for the holding of stockholders' meetings by publicly-listed companies:

"ARTICLE II
MEETINGS OF STOCKHOLDERS

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Section 2. Special Meeting - The special meetings of stockholders, for any purpose or purposes, may at any time be called by any of the following: (a) Board of Directors, at its own instance or at the written request of stockholders representing at least ten percent (10%) or more of the outstanding capital stock of the corporation, subject to the guidelines set under the Revised Corporation Code and other relevant regulations; (b) President.

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Section 4. Notice of Meeting - Notices for regular or special meeting of stockholders may be sent by the Secretary by personal delivery or by mail at least twenty-one (21) calendar days prior to the date of the meeting to each stockholder of record at his last known address. The notice shall state the place, date and hour of the meeting, and the purpose or purposes for which the meeting is called."

(b) During the Annual Stockholders' Meeting on May 20, 2022, stockholders holding 548,737,770 shares, constituting 90.17% of the total voting shares represented at the said meeting, approved the offer and re-issuance (whether to the public or through private placement) of up to 49,789,800 treasury shares of the Corporation, subject to the registration requirements of the Securities and Exchange Commission and the requirements of the Philippine Stock Exchange, as may be applicable.

Other Relevant Information

Stockholders holding 608,658,670 shares, constituting 100% of the total voting shares represented at said meeting, also voted (i) to approve the Company's Audited Financial Statements for the year ended 31 December 2021, and (ii) to ratify all actions and resolutions of the Board and Management since the last annual stockholders' meeting.

Filed on behalf by:
Name Carmen Rose Basallo
Designation General Counsel and Compliance Officer

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