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.

Belle CorporationBEL

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

Report Type

• Monthly
• Quarterly
• Others

Report Date	Dec 31, 2025

Computation of Public Ownership

Number of Issued Common Shares	10,560,999,857
Less: Number of Treasury Common Shares, if any	864,535,560
Number of Outstanding Common Shares	9,696,464,297

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Willy N. Ocier	50,462,372	168,744,230	219,206,602	2.26
Armin Antonio B. Raquel Santos	1,000	7,000	8,000	0
Jacinto C. Ng, Jr.	135,860,666	0	135,860,666	1.4
Gregory L. Domingo	1,000	1	1,001	0
Maria Gracia P. Tan	666	0	666	0
Paquito N. Ochoa, Jr.	1	0	1	0
Laurito E. Serrano	1,000	9,000	10,000	0
	186,326,705	168,760,231	355,086,936	3.66

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Armin Antonio B. Raquel Santos (Please refer to the above shareholdings)	-	-	-	-
Aileen M. Malto	-	-	-	-
Jason C. Nalupta	-	-	-	-
Arthur A. Sy	-	-	-	-
Michelle Angeli T. Hernandez	-	-	-	-
	0	0	0	0

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Belleshares Holdings, Inc.	2,604,740,622	-	2,604,740,622	26.86
Sysmart Corporation	1,625,199,505	4,425,964	1,629,625,469	16.81
Sybase Equity Investment Corp	525,073,578	6,246,999	531,320,577	5.48
	4,755,013,705	10,672,963	4,765,686,668	49.15

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Premium Leisure Corp.	99,987,719	-	99,987,719	1.03
Parallax Resources, Inc.	86,308,131	-	86,308,131	0.89
SLW Development Corp.	66,082,333	-	66,082,333	0.68
	252,378,183	0	252,378,183	2.6

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
-	-	-	-	-
	0	0	0	0

Number of Listed Common Shares	10,560,999,857
Total Number of Non-Public Shares	5,373,151,787
Total Number of Shares Owned by the Public	4,323,312,510
Public Ownership Percentage	44.59%

Other Relevant Information
The "Indirect Shares" of the Directors, Principal/ Substantial Stockholders and Others include the scripless shares held through PCD Nominee Corporation and shares held by a corporation in which the Director/Principal Stockholder is a controlling shareholder.