The Company adopted the Manual to ensure its compliance with the leading practices on good corporate governance and related Philippine SEC rules and regulations. The Manual was approved and adopted by the Board on [●] and made effective from [●].
The statements made regarding taxation in the Philippines are based on the laws in force as of the date of this Document and are subject to any changes in law occurring after such date. The following summary does not purport to be a comprehensive description of all of the tax considerations that may be relevant to a decision to participate.
Certain legal matters as to Philippine law relating to the Loan will be passed upon by Siguion Reyna, Monticello & Ongsiako, the Company’s legal counsel. None of the above mentioned advisers have any direct or indirect interest in the Company arising from this transaction.
Grajo & Associates, CPAs, an accredited external accounting firm by the Securities Exchange Commission (SEC), has audited the Company’s financial statements as of December 31, 2015.