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.

D&L Industries, Inc.DNL

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	7,142,857,990
Less: Number of Treasury Common Shares, if any	0
Number of Outstanding Common Shares	7,142,857,990

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Yin Yong L. Lao	5,000	13,266,485	13,271,485	0.19
John L. Lao	54,987,202	11,808,529	66,795,731	0.93
Alvin D. Lao	6,786,300	9,067,282	15,853,582	0.22
Corazon de la Paz-Bernardo	100	0	100	0
Lydia Balatbat-Echauz	1	537,499	537,500	0.01
Mercedita S. Nolledo	100,000	800,000	900,000	0.01
Karl Kendrick T. Chua	100	0	100	0
	61,878,703	35,479,795	97,358,498	1.36

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Dean L. Lao	0	1,123,660	1,123,660	0.02
Leon L. Lao	0	2,010,493	2,010,493	0.03
Alex L. Lao	32,579,888	10,705,812	43,285,700	0.6
Dean A. Lao, Jr.	1,140,000	3,689,057	4,829,057	0.07
Lester A. Lao	1,123,000	43,008,868	44,131,868	0.62
Vincent D. Lao	5,848,000	2,291,520	8,139,520	0.11
Ainslee Anne T. Lao	676,000	22,081,559	22,757,559	0.32
Franco Diego Q. Lao	823,000	22,466,142	23,289,142	0.32
Kristine Ann Catindig-Ong	340,000	126,000	466,000	0.01
Crissa Marie Bondad	470,000	466,800	936,800	0.01
	42,999,888	107,969,911	150,969,799	2.11

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Jadel Holdings Co., Inc.	3,930,114,061	633,195,924	4,563,309,985	63.89
Allvee United, Inc.	89,793,091	0	89,793,091	1.26
CEE Industries, Inc.	132,862,015	5,000,000	137,862,015	1.93
Hansevian, Inc.	248,000	630,000	878,000	0.01
Jadana, Inc.	64,058,141	0	64,058,141	0.9
Prime Spin, Inc.	85,564,307	5,595,000	91,159,307	1.27
Smartworks Trading Co., Inc.	111,476,466	0	111,476,466	1.56
	4,414,116,081	644,420,924	5,058,537,005	70.82

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
-	-	-	-	-
	0	0	0	0

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&L Employees Retirement Fund	13,564,370	0	13,564,370	0.19
	13,564,370	0	13,564,370	0.19

Number of Listed Common Shares	7,142,857,990
Total Number of Non-Public Shares	5,320,429,672
Total Number of Shares Owned by the Public	1,822,428,318
Public Ownership Percentage	25.51

Other Relevant Information
Dean Lao, Leon Lao, Alex Lao, Yin Yong Lao and John Lao ("Reporting Shareholders"), each hold two (2) indirect shares of D&L via Jadel Holdings Co. Inc. (JHCI). These indirect shares were incorporated in the Reporting Shareholders' respective indirect shares. Meanwhile, the figure reported as JHCI's direct shares are net of the Reporting Shareholders' indirect shares.