CR02871-2025

The PSE makes no representation on the accuracy, validity, correctness and completeness of the information stated in the respective PORs of listed companies. The PSE shall use the information contained in the POR submitted by the company in computing a company's weight in the index and this may be updated or adjusted consistent with the policy of the Exchange in managing the PSEi and sector indices.

Citystate Savings Bank, Inc.CSB

PSE Disclosure Form POR-1 - Public Ownership Report Reference: Amended Rule on Minimum Public Ownership

Report Type

Report Date Apr 14, 2025
Computation of Public Ownership
Number of Issued
Common Shares		 164,865,000
Less: Number of Treasury
Common Shares, if any		 0
Number of Outstanding
Common Shares		 164,865,000

Less :

A. Directors
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
D. Edgard A. Cabangon 10,643,350 - 10,643,350 6.46
D. Alfred A. Cabangon 1 654,000 654,001 0.39
Benjamine V. Ramos 4,951 28,400 33,351 0.02
Ma. Concepcion F. De Claro - 100 100 0
Susan M. Belen - 10 10 0
Edith D. Dychiao - 100 100 0
Jose Roderick Fernando - 100 100 0
Elmer D. Nitura - 100 100 0
Filomeno P. Cadiz - 100 100 0
Reynaldo A. Catapang - 100 100 0
Jaime Valentin L. Araneta - 100 100 0
Maria Katrina C. Bote-Veguillas - 100 100 0
10,648,302 683,210 11,331,512 6.87
B. Officers
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
C. Principal/Substantial Stockholders
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
D. Affiliates
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
Top Ventures Investments and Management Corporation - 20,982,594 20,982,594 12.73
AMB. ALC. Holdings and Management Corporation 3,065,000 60,000,000 63,065,000 38.25
Fortune Life Insurance Co., Inc - 7,499,250 7,499,250 4.55
Fortune General Insurance Corporation - 5,484,000 5,484,000 3.33
Gencars Batangas, Inc. 2,846,250 - 2,846,250 1.73
Eternal Plans, Inc. - 2,641,700 2,641,700 1.6
Aliw Broadcasting Corp. 267,300 450,000 717,300 0.44
Gencars San Pablo, Inc. 726,000 - 726,000 0.44
ALC Fortune Corporation - 296,415 296,415 0.18
Eternal Crematory and Chapel Corporation - 322,500 322,500 0.19
FIG Lending Investor Corporation - 127,000 127,000 0.07
Eternal Gardens Memorial Park 2,700,000 2,055,482 4,755,482 2.88
AAA Southeast Equities, Inc. - 200,300 200,300 0.12
9,604,550 100,059,241 109,663,791 66.51
E. Government
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
F. Banks
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
G. Employees
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
H. Lock-Up Shares
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
- - - - -
0 0 0 0
I. Others
Name Direct Indirect Total direct & indirect shares % to Total Outstanding Shares
D. Alfred A. Cabangon - 8,283,330 8,283,330 5.02
Estate of the late Amb. ANTONIO L. CABANGON-CHUA 14,102,114 - 14,102,114 8.55
J. Wilfredo A. Cabangon - 1 1 0
14,102,114 8,283,331 22,385,445 13.57
Number of Listed
Common Shares		 150,600,000
Total Number of
Non-Public Shares		 143,380,748
Total Number of Shares Owned
by the Public		 21,484,252
Public Ownership Percentage 13.03
Other Relevant Information

A. Background of the Transaction
The proceeds from the additional subscription by AMB. ALC. Holdings and Management Corporation to 3,065,000 shares of Citystate Savings Bank, Inc. (CSBI) will be utilized as additional capital to comply with the new capitalization requirements mandated by the Bangko Sentral ng Pilipinas (BSP), pursuant to Section 121 of the Manual of Regulations for Banks (MORB).
Section 121 of the MORB references Monetary Board Resolution No. 1607 dated 9 October 2014, which amended Subsection X111.1 of the MORB by prescribing a minimum capitalization of One Billion Pesos (Php 1,000,000,000.00) for Thrift Banks with Head Offices located in the National Capital Region and operating 11 to 50 branches.

As this additional subscription is made in compliance with the aforementioned BSP regulations, the transaction has been appropriately recorded in CSBI’s financial statements and books of account as a capital infusion.

Details of the Subscription Transaction:
Subscriber: AMB. ALC. Holdings and Management Corporation
Nature and Date of Transaction: Subscription of shares from the Bank’s unsubscribed authorized capital stock on March 19, 2025
Date of Payment: March 18, 2025
Date of Issuance of Shares: April 14, 2025
Number of Shares Issued: 3,065,000
Issue Price per Share: Php 16.97
Aggregate Transaction Value: Php 52,013,050.00

B. Reason for the removal of Mr. Bote from the public ownership report.
Mr. Bote was a director of the Company, whose term as director ended after the 2022 Annual Stockholders’ Meeting. Since then, he has not held any directorship or management position with the Company since then.
Given the above, and in accordance with SRC Rule 3.1(b), the Company determined that Mr. Bote no longer qualifies as an affiliate. His shares have therefore been reclassified under the public float.
This classification is made in good faith and the Company remains open to further clarification with the Exchange.
Filed on behalf by:
Name Ruben Labrador
Designation Chief Compliance Officer