Robinsons Land : Approved Minutes of the Annual Shareholders Meeting May 07, 2025

About this update from Robinsons Land Corp.

ROBINSONS LAND CORPORATION MINUTES OF THE ANNUAL MEETING OF SHAREHOLDERS * MAY 7, 202510:00 a.m. via remote communication through Microsoft Teams Live at http://bit.ly/RLC_ASM2025 in accordance with the rules of the Securities and Exchange Commission. Directors Present: 1. James L. Go Director and Chairman Emeritus 2. Lance Y. Gokongwei Director and Chairman 3. Robina Gokongwei-Pe Director 4. Patrick Henry C. Go Director 5. Johnson Robert G. Go, Jr. Director 6. Maria Socorro Isabelle V. Aragon-GoBio Director, President and Chief Executive Officer 7. Omar Byron T. Mier Independent Director 8. Bienvenido S. Bautista Independent Director 9. Jose T. Pardo Independent Director Also Present: Faraday D. Go Executive Vice President and Business Unit General Manager of the Commercial Centers Division Kerwin Max S. Tan Chief Financial, Risk and Compliance Officer Jericho P. Go Senior Vice President and Business Unit General Manager Barun Jolly Senior Vice President and Business Unit General Manager John Richard B. Sotelo Senior Vice President, Chief Marketing Officer and Business Unit General Manager Ronald D. Paulo Senior Vice President - Construction Corazon L. Ang Ley Senior Vice President - Corporate Land Acquisition Constantino C. Felipe Vice President - Human Resources Eileen B. Fernandez Vice President - Treasurer Sheila Jean S. Francisco Vice President - Controller Liza R. Gerella Vice President - Deputy Compliance Officer Anne Mae E. Mangaser Vice President - Accounting Dennis R. Llarena Data Protection Officer Atty. Juan Antonio M. Evangelista Corporate Secretary Atty. Iris Fatima V. Cero Assistant Corporate Secretary Shareholders present: Total present in person, via remote communication and represented by proxies: 86.83% of the Total Outstanding Shares PROOF OF NOTICE OF THE MEETING AND EXISTENCE OF A QUORUM The Chairman of the Board of Directors of Robinsons Land Corporation ("Corporation" or "RLC"), Mr. Lance Y. Gokongwei, requested the Corporate Secretary, Atty. Juan Antonio M. Evangelista, to certify on the sending of notices to the shareholders and to the existence of a quorum. The Corporate Secretary certified that notice of the meeting was sent to the shareholders of record as of March 28, 2025 through the following methods: By publication in the Manila Standard and Business Mirror for two (2) consecutive days in both online and print formats; By posting on the website of the Corporation; and By disclosure to the Philippine Stock Exchange. The Corporate Secretary further certified that shareholders entitled to vote representing 86.78% of the total outstanding shares of the Corporation, were present in the meeting, in person, via remote communication or by proxy and that a quorum was present to act upon the items in the agenda. The meeting was then called to order by the Chairman The Chairman requested the Corporate Secretary to explain the rules and procedures for the meeting. The Corporate Secretary explained that the rules and procedures were set forth in the Definitive Information Statement ("DIS") sent to the shareholders and in the Explanation of Agenda Items integrated into the Notice of meeting while all tabulation results for the meeting are subject to validation by SyCip Gorres Velayo & Co. ("SGV&Co") The Corporation requested the shareholders to send their questions or comments by email. Questions which were received by April 29, 2025 were collated and selected questions will be answered during the meeting. Any questions or comments which were not taken up during the meeting will be answered via email. APPROVAL OF THE MINUTES OF THE ANNUAL MEETING OF THE SHAREHOLDERS HELD ON MAY 8, 2024 The Chairman proceeded to the next item in the agenda which is the Approval of the Minutes of the Annual Meeting of the Shareholders held on May 8, 2024 ("Minutes of the 2024 ASM"). According to the Corporate Secretary, copies of the Minutes of the 2024 ASM were distributed to the Shareholders by providing the link to the said minutes in the DIS and by showing the QR code on the screen prior to the meeting. A motion was made to waive the reading of the Minutes and to approve the same. Followed by a second, the Chairman announced the approval of the same. The Minutes of the 2024 ASM were approved by shareholders representing 86.84% of the total outstanding shares of the Corporation as tabulated below: Approval of the Minutes of the Annual Shareholders Meeting held on May 8, 2024 Yes No Abstain Total number of shares who voted: 4,178,102,915 0 0 % to the total outstanding shares of the Corporation: 86.82% 0.00 0.00 The resolution of the shareholders covering this agenda item can be found below: "RESOLVED, that the Minutes of the Annual Meeting of the Shareholders of Robinsons Land Corporation held on May 8, 2024, is hereby approved." PRESENTATION OF ANNUAL REPORT AND APPROVAL OF THE FINANCIAL STATEMENTS FOR THE PRECEDING YEAR The Chairman proceeded to the next item in the agenda which is the Presentation of the Annual Report and the Approval of the Financial Statements for the year ended December 31, 2024. The President and Chief Executive Officer of the Corporation, Ms. Maria Socorro Isabelle V. Aragon-Gobio began her report by presenting the strong financial and operational results. As of end of 2024, RLC boasts a diverse and robust asset portfolio that includes 55 operational lifestyle centers, 134 residential developments, 32 office developments, 31 mixed-use developments, 26 hotels, 11 work.able centers and 12 industrial facilities. Financial Highlights RLC maintains a strong financial position, with total assets at Php261.8 billion pesos, which includes approximately Php10.5 billion pesos in cash reserves. Shareholders' equity stands at Php161.5 billion pesos, reflecting a solid capital base and financial stability. As of December 31, 2024, total outstanding debt is at Php53.2 billion pesos, resulting in a prudent net debt to equity ratio of 27%. Earnings Per Share has reached Php2.73 pesos, an 11% increase from the same period last year. The Net Book Value per share as of end of the year is at Php32.28, indicating that the company's intrinsic value significantly exceeds its market valuation. Overall, RLC's robust financial standing, durable capital structure, and notable earnings growth underscore its resilience and exemplary management practices, thereby enhancing shareholder confidence and market positioning. Ms. Aragon-GoBio noted that the presentation is based on unaudited financial statements. For the full year 2024, RLC witnessed a 2% increase in consolidated revenues, totaling Php42.88 billion pesos, primarily driven by the strong performances of its investment portfolio offset by the lower realized revenues of the residential division. As a result, both EBITDA and EBIT increased by 2% as well. Net income attributable to the parent company improved by 10% year-over-year, totaling Php13.21 billion pesos for the full year. This growth was mainly driven by a one-time gain from the reclassification of its investment in GoTyme and the temporary reduction in RLC's ownership in RCR from April to August. These results showcase RLC's ability to deliver sustained growth and profitability through strategic initiatives and effective management. For the full year 2024, the investment portfolio - which includes the malls, offices, hotels, and logistics segments - delivered substantial growth, contributing 77% of consolidated revenues, 85% of EBITDA, and 80% of EBIT. Additionally, the Destination Estates segment posted positive revenue growth, driven by the recognition of deferred gains from lots to joint ventures. Robinsons Malls Robinsons Malls generated Php17.96 billion in revenues for CY2024, marking an 11% year-on-year (" YoY ") increase. This was supported by higher tenant sales, increased foot traffic, and contribution from new mall. Rental revenues grew 10% YoY to Php12.58 billion. EBITDA increased 14% YoY to Php10.60 billion, while EBIT posted a 23% growth to Php7.17 billion. Driven by a high revenue base and operational efficiencies, mall EBITDA and EBIT margins for the full year 2024 are at 59% and 40%, respectively. In July, RLC unveiled Opus Mall in Bridgetowne Estate, its debut in the upscale retail segment-expanding its portfolio to 55 lifestyle centers. By the end of 2024, Opus achieved an 85% lease rate, with over 65% of tenants already operational. Total mall leasable space now spans 1.68 million square meters, home to more than 8,700 retailers. Robinsons Offices RLC's office segment posted an 8% increase in revenues to Php7.95 billion in CY2024, supported by rental growth across its high-quality office developments. In the fourth quarter alone, revenues rose 11% YoY to Php2.03 billion. Occupancy remained stable at 86%, underscoring the resilience of RLC's office portfolio. EBITDA reached Php6.40 billion, while EBIT came in at Php5.26 billion, highlighting the segment's robust contribution to overall performance. Currently, RLC has 32 office buildings with a total of 793,000 of gross leasable space. Separately, with the addition of Robinsons Summit Center 1 & 2 in Makati, the company now have 11 work.able locations, offering a total of 2,601 co-working seats. Robinsons Hotels and Resorts Robinsons Hotels and Resorts sustained its growth momentum in 2024, posting a 31% YoY increase in revenues to Php6.00 billion. This was fueled by robust performance across all brands-highlighted by its international partnerships and Fili Hotel, its proudly Filipino 5-star brand-alongside a strong food and beverage segment, which accounted for 38% of total revenues. EBITDA grew 61% to Php1.80 billion, while EBIT more than doubled, reaching Php985 million. RHR's expanding portfolio, now consists of 26 hotel properties with over 4,000 room keys, reinforces its position as a key player in the hospitality sector. Residential Division RLC Residences recorded Php20.18 billion in net sales for 2024, with Php7.29 billion coming from its organic projects and Php12.89 billion from joint ventures. Realized revenues totaled Php8.78 billion, which includes Php2.63 billion from equity share in joint venture developments. EBITDA reached Php2.92 billion, while EBIT stood at Php2.80 billion Robinsons Logistics and Industrial Facilities Robinsons Logistics and Industrial Facilities posted a 33% revenue growth in 2024, reaching Php916 million, driven by sustained demand for industrial and warehouse spaces. EBITDA rose by 35% to Php856 million, while EBIT grew 38% to Php671 million-demonstrating continued profitability despite a high base. During the year, RLX expanded its footprint with the completion of three new warehouses: RLX Sierra 2 in Sierra Valley Estate, RLX Calamba 2 C&D, and RLX San Fernando 2. The portfolio now includes 12 industrial facilities strategically located across Metro Manila, Pampanga, and Laguna, offering a total of 294,000 sqm in gross leasable area to meet growing business demand Robinsons Destination Estates Robinsons Destination Estates generated Php1.27 billion in property development revenues for the full year, primarily from deferred land sales to joint venture entities. EBITDA and EBIT stood at Php728 million and Php724 million, respectively. Key milestones for the year include the completion of the Montclair Interchange and UNIQLO's first 'logo store' in the Philippines at Sierra Valley Gardens, Taytay, Rizal-a large-format roadside store that reflects rising retail demand beyond Metro Manila. Capital Expenditures In 2024, RLC spent Php21.98 billion in capital expenditures, supporting the development of malls, offices, hotels, and warehouse facilities, as well as land acquisitions and residential construction for its local operations. Landbank To support its expansive growth plans, RLC's landbank now spans over 838 hectares, with an estimated value of approximately Php192 billion as of year-end 2024. CY2024 ESG Updates RLC continues to integrate environmental stewardship into its projects. From 2015 to 2024, 24 Robinsons Malls generated 195 million kWh of clean energy-saving Php1.65 billion and avoiding 138,300 metric tons of CO₂ emissions, equal to planting 2.3 million trees. In 2025, RLC will boost its solar capacity by another 11,000 kWh. RLC also champions sustainable design, with 18 green-certified properties-6 LEED-certified offices and 12 EDGE certifications across office and residential developments. Additionally, 29 malls and 15 office buildings feature rainwater collection and wastewater recycling systems for efficient water use. Robinsons Land Foundation Inc. (" RLFI "), through its RLove program, remains committed to disaster relief and rehabilitation-extending aid to communities affected by typhoons Krising, Carina, Pepito, and Marce, as well as fire incidents in Cebu and Palawan, and floods in Tagum and Butuan. Beyond emergency response, RLFI supports long-term community development through key initiatives such as the donation of Livelihood Carts, participation in the Brigada Eskwela Program to improve school facilities, and ongoing engagement in education and livelihood programs nationwide. RLC is firmly committed to good corporate governance. To uphold ethical and responsible business practices, we continue to adopt a comprehensive Anti-Bribery and Anti-Corruption Policy. Additionally, RLC has fully complied with the registration requirements of the Anti-Money Laundering Council in accordance with the Anti-Money Laundering Act. Future plans - Malls, Offices Last year, Opus Mall was opened - its first premier upscale lifestyle center-which contributed an additional 3% to the total gross leasable area, bringing it to 1.68 million square meters. This year, it is set to expand further with 28,000 square meters of additional leasable space through the expansion of its Bacolod malls undertaking the redevelopment of the mall in the City of Manila and completing new malls in Pagadian and Caloocan. For offices, it recently completed GBF Tower 1. This year, it will complete GBF Tower 2 and Cybergate Iloilo 3, which will collectively grow the office portfolio by 12%, reaching 885,000 square meters of net leasable space. Future plans - RLX, RHR For logistics, RLC completed RLC Sierra 2, RLX Calamba 2 C&D and RLX San Fernando 2, with a combined total of 67,000 gross leasable space added in its logistics portfolio bringing to a total of 294,000 sqm of leasable space by year-end. This year, it will complete two more logistics facilities, namely RLX Taytay 2 and RLX Calamba 2E bringing the total to 14 logistics assets and increasing the gross leasable space by 12% to 328,000 sqm. Lastly, Robinsons Hotels and Resorts is expected to complete this year NUSTAR Hotel, its foray in the ultra-luxury segment. This will be in NuStar Integrated Resorts, Cebu. With this, its room keys shall grow by 5% to 4,466 rooms in 2025. Cash Dividend Declaration The Board of RLC has approved the distribution of over Php3.61 billion in regular cash dividends, equivalent to Php0.75 per outstanding common share. This marks the highest declared cash dividend per share in the company's history. Record date is on June 5, 2025 and entitled shareholders will receive their dividends on 30 June 2025. Vision 5-25-50 The President and CEO, unveiled Vision 5-25-50 - RLC's strategic and purpose-driven roadmap to sustained growth-anchored on aspiration with five strategic moves to deliver ₱25 billion in net income by our 50th anniversary in 2030. This long-term vision is not just a milestone, but a testament to its commitment to creating enduring shareholder value. To get there, RLC is executing five deliberate and synergistic strategic moves - which will be detailed in the following slides. First. Expand and Diversify the Investment Portfolio Accelerating capital deployment into targeted investment projects that will enhance and replenish RLC's recurring earnings base. A slide illustrating the project timeline for malls and offices was shown. Ms. Aragon-GoBio shared RLC's ambitious expansion strategy, which includes a 50% increase in mall Gross Leasable Area (GLA) and a 50% expansion of office space. Another objective is to double the logistics capacity by 2030 and achieve a 25% increase in hotel room keys. Second. Unlock Capital through Active Asset Monetization This strategic initiative is fully aligned with the asset recycling principles established under the REIT law. By continually replenishing its asset pipeline following the infusion of stabilized properties into the REIT, RLC ensures a sustainable cycle of growth and investment. A key component of this growth strategy is RLC's deliberate sale of its shares in RCR. This provides immediate cash flow to support the development of new properties, which are then infused back into the REIT. As RLC injects new assets into the REIT, it also strategically replenishes its RCR shareholdings - allowing the cycle of monetization and reinvestment to continue seamlessly. In addition, RLC benefits from dividends received from the REIT, further enhancing its income potential. The company maximizes these dividends by effectively unlocking depreciation value and leveraging the REIT's tax-exempt incentives, delivering a compelling financial advantage. Crucially, this disciplined approach protects RLC's asset base from being cannibalized by RCR, ensuring a consistent inflow of high-quality assets into the REIT. By maintaining its role as the Sponsor, RLC reinforces its position as a key value creator, aligning its strategic direction with long-term investor interests. In essence, RLC's active asset monetization strategy not only drives income growth but also strengthens the foundation for sustainable development and continued investor confidence. Third. Elevate Offerings through Premiumization Repositioning key assets, upgrading product lines, and enhancing the customer experience across all business units to command premium pricing and strengthen brand equity. This strategic shift aligns with rising consumer aspirations and expands the Group's presence in the upper mid to premium segments, capturing higher margins and deepening brand equity. Fourth. Forge High-Impact Strategic Partnerships RLC is pursuing strategic alliances, joint ventures, and co-investments that enhance execution capabilities, expand RLC's pipeline, and accelerate market entry-de-risking growth initiatives and extending its reach across horizontal developments, township-scale estates, and digital infrastructure. Fifth. Enhance Customer Experience through Ecosystem Initiatives RLC is investing in innovation, digitization, and lifestyle ecosystems-including sports and entertainment centers, ecosystem synergies, and sustainability-driven services-to deepen customer engagement, foster loyalty, and unlock new business streams by making every RLC touchpoint more personalized, seamless, and future-ready. These five strategic levers work together to transform RLC into a more agile, diversified, and future-ready company-well-positioned to deliver stronger returns, long-term capital appreciation, and sustained value creation as we approach our 50th year and beyond. Ms. Aragon-GoBio expressed her sincere appreciation to Mr. Lance Gokongwei, who assumed the role of President & CEO in 2024. His leadership, vision, and strategic direction have been instrumental in guiding RLC through an evolving business landscape. Under LYG's stewardship, we pursued innovative growth opportunities, and reinforced our commitment to delivering long-term value to our stakeholders. His unwavering dedication and expertise continue to inspire the entire RLC team as we drive the company towards greater success. She also extended her heartfelt thanks to our Board for their guidance, and to our shareholders, partners, customers, and communities for their trust and support. Question sent via email to the Corporate Secretary were then addressed by the Chairman. A motion to note the report of the President and CEO and to approve the Audited Financial Statements for the preceding fiscal year of the Corporation was made and seconded. The Chairman announced that the report is duly noted and that the Audited Financial Statements for the preceding fiscal year of the Corporation is hereby approved. The Audited Financial Statements for the preceding fiscal year of the Corporation were approved by shareholders representing 86.78% of the total outstanding shares of the Corporation as tabulated below: Approval of Audited Financial Statements for CY 2024 Yes No Abstain Total number of shares who voted: 4,175,037,745 0 3,065,170 % to the total outstanding shares of the Corporation: 86.87 0.00 0.06 The resolution of the shareholders covering this agenda item can be found below: "RESOLVED, that the report of the President and CEO is duly noted and that the Audited Financial Statements for the preceding fiscal year of the Corporation is hereby approved." ELECTION OF THE BOARD OF DIRECTORS The Chairman moved on to the next item in the agenda which is the Election of the Members of the Board of Directors. The Corporate Secretary read the names of the incumbent members of the Board of Directors: Incumbent Members of the Board of Directors 1. James L. Go Chairman Emeritus and Director 2. Lance Y. Gokongwei Chairman and Director 3. Robina Gokongwei-Pe Director 4. Patrick Henry C. Go Director 5. Johnson Robert G. Go, Jr. Director 6. Maria Socorro Isabelle V. Aragon-GoBio Director, President and CEO 7. Omar Byron T. Mier Independent Director 8. Bienvenido S. Bautista Independent Director 9. Jose T. Pardo Independent Directors The Chairman opened the table for nomination to the Board of Directors of the Corporation. The following were nominated as members of the Board of Directors: List of Nominees to the Board of Directors 1. James L. Go Director 2. Lance Y. Gokongwei Director 3. Robina Gokongwei-Pe Director 4. Patrick Henry C. Go Director 5. Johnson Robert G. Go, Jr. Director 6. Maria Socorro Isabelle V. Aragon-GoBio Director 7. Bienvenido S. Bautista Independent Director 8. Jose T. Pardo Independent Director A motion was made to close the nominations which was duly seconded. Having no objections, the Chairman directed the Corporate Secretary to cast the votes accordingly and the nominees were declared as the duly elected members of the Board of Directors of the Corporation for the ensuing year, until their successors shall have been elected and qualified. The results of voting are as follows: Duly Elected Members of the Board of Directors Yes No Abstain No. of shares % to outstanding No. of shares % to outstanding No. of shares % to outstanding 1. James L. Go 3,660,165,980 76.06 517,936,935 10.76 0 0.00 2. Lance Y. Gokongwei 3,782,984,292 78.61 395,118,623 8.21 0 0.00 3. Robina Gokongwei- Pe 3,660,445,616 76.07 517,657,299 10.76 0 0.00 4. Patrick Henry C. Go 3,660,445,616 76.07 517,657,299 10.76 0 0.00 5. Johnson Robert G. Go, Jr. 3,660,622,116 76.07 517,480,799 10.75 0 0.00 6. Maria Socorro Isabelle V. Aragon-GoBio 3,859,864,212 80.21 318,236,434 6.61 2,269 0.00 7. Bienvenido S. Bautista 4,149,428,537 86.23 28,672,109 0.60 2,269 0.00 8. Jose T. Pardo 4,175,749,821 86.77 2,350,825 0.05 2,269 0.00 The resolution of the shareholders covering this agenda item can be found below: "RESOLVED, that the following are hereby elected as the members of Board of Directors of Robinsons Land Corporation for the year 2025 to 2026: Duly Elected Members of the Board of Directors Yes No Abstain No. of shares % to outstanding No. of shares % to outstanding No. of shares % to outstanding 9. James L. Go 3,660,165,980 76.06 517,936,935 10.76 0 0.00 10. Lance Y. Gokongwei 3,782,984,292 78.61 395,118,623 8.21 0 0.00 11. Robina Gokongwei- Pe 3,660,445,616 76.07 517,657,299 10.76 0 0.00 12. Patrick Henry C. Go 3,660,445,616 76.07 517,657,299 10.76 0 0.00 13. Johnson Robert G. Go, Jr. 3,660,622,116 76.07 517,480,799 10.75 0 0.00 14. Maria Socorro Isabelle V. Aragon- GoBio 3,859,864,212 80.21 318,236,434 6.61 2,269 0.00 15. Bienvenido S. Bautista 4,149,428,537 86.23 28,672,109 0.60 2,269 0.00 16. Jose T. Pardo 4,175,749,821 86.77 2,350,825 0.05 2,269 0.00 APPOINTMENT OF EXTERNAL AUDITOR The Chairman moved to the next item in the agenda which is the appointment of the External Auditor of the Corporation. A nomination was made that the accounting firm of Sycip Gorres Velayo & Co. be the External Auditor of the Corporation for fiscal year 2025. After tabulation of the votes, the appointment of the auditing firm of SyCip Gorres Velayo & Co. as the External Auditor of the Corporation for fiscal year 2025 has been approved by shareholders representing 86.82% of the total outstanding shares of the corporation. The voting results on this Agenda item are as follows: Appointment of External for CY 2025 Yes No Abstain Total number of shares who voted: 4,178,153,315 833,300 1,000 % to the total outstanding shares of the Corporation: 86.82 0.02 0.00 The resolution of the shareholders covering this agenda item can be found below: "RESOLVED, that the appointment of the accounting firm of Sycip Gorres Velayo & Co., as the External Auditor of Robinsons Land Corporation for the fiscal year 2025 is hereby approved." AMENDMENT OF ARTICLE 3 OF THE ARTICLES OF INCORPORATION The Chairman proceeded to the next item in the agenda which is the amendment of Article 3 of the Articles of Incorporation for purposes of changing the principal address of RLC from "Level 2, Galleria Corporate Center, EDSA corner Ortigas Avenue, Quezon City, Metro Manila" to "Mall Admin Office, Lower West Lane, Robinsons Galleria, EDSA corner Ortigas Avenue, Ugong Norte, Quezon City 1110". A motion was made to approve the said amendment followed by a second. After tabulation of the votes, the Amendment of Article 3 of the Articles of Incorporation were approved by the shareholder representing 86.84% of the total outstanding shares of the Corporation. The voting results for this Agenda item are as follows: Amendment of Article 3 of the Articles of Incorporation: Yes No Abstain Total number of shares who voted: 4,178,101,915 0 1,000 % to the total outstanding shares of the Corporation: 86.82 0.0 0.00 AMENDMENT OF ARTICLE VII OF THE BY-LAWS The Chairman proceeded to the next item in the agenda which is the amendment of Article VII of the By-Laws for purposes of changing the date of the Annual Shareholders Meeting from "Last Wednesday of May" to "Any business day in May" each year. A motion was made to approve the said amendment followed by a second. After tabulation of the votes, the Amendment of Article VII of the By-Laws were approved by the shareholder representing 86.84% of the total outstanding shares of the Corporation. The voting results for this Agenda item are as follows: Amendment of Article VII of the By-Laws Yes No Abstain Total number of shares who voted: 4,178,101,915 0 1,000 % to the total outstanding shares of the Corporation: 86.82 0.00 0.00 RATIFICATION OF THE ACTS OF THE BOARD OF DIRECTORS AND ITS COMMITEES, OFFICERS AND MANAGEMENT The Chairman then proceeded to the next item in the agenda which is the ratification of all acts of the Board of Directors, its committees, officers and management of the Corporation for the period beginning from the last annual meeting of the shareholders up to the current annual meeting of the shareholders, as duly recorded in the corporate books and records of the Corporation. The list of acts for ratification were showed on the screen and the Corporate Secretary mentioned that it was made available to the shareholders by showing the link and QR code to the said list prior to the meeting. A motion was made for the approval of the ratification. After tabulation of the votes, shareholders representing 86.77% of the total outstanding shares of the Corporation have confirmed and ratified the acts of the Board of Directors, and its committees, officers and management of the Corporation for the period beginning from the last annual meeting of the shareholders up to the current annual meeting of the shareholders, as duly recorded in the corporate books and records of the Corporation. The voting result for this agenda item is as follows: Ratification of the Acts of the Board of Directors and its Committees, Officers and Management Yes No Abstain Total number of shares who voted: 4,174,642,545 0 3,460,370 % to the total outstanding shares of the Corporation: 86.75 0.00 0.00 The resolution of the shareholders covering this agenda item can be found below: " RESOLVED, that all the acts of the Board of Directors and its committees, officers and management of Robinsons Land Corporation ("Corporation") from the period beginning from the last annual meeting of the shareholders up to the current annual meeting of the shareholders, as duly recorded in the corporate books and records of the Corporation, are hereby confirmed and ratified." CONSIDERATION OF SUCH OTHER MATTERS AS MAY PROPERLY COME DURING THE MEETING The Chairman asked if there are any other matters for discussion and the Corporate Secretary replied that there are none. ADJOURNMENT There being no other matters for discussion, a motion was made to adjourn the meeting. There being no objection, the Chairman advised those present that the 2025 Annual Shareholders Meeting of the Corporation is adjourned and that a link where a replay of the meeting may be viewed will be made available at the website of RLC. There being no further business to transact, the meeting was thereupon adjourned. ATTY. JUAN ANTONIO M. EVANGELISTA Corporate Secretary of 12

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