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.

Philippine Estates CorporationPHES

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	2,891,099,660
Less: Number of Treasury Common Shares, if any	0
Number of Outstanding Common Shares	2,891,099,660

Less :

A. Directors

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Arthur M. Lopez	1,000	0	1,000	0
Elvira A. Ting	500,000	0	500,000	0.01
Dee Hua Gatchalian	2,000	0	2,000	0
Richard L. Ricardo	1,230,000	1,230,000	2,460,000	0.08
Arthur R. Ponsaran	1,000	0	1,000	0
Sergio Ortiz-Luis, Jr	1,000	0	1,000	0
Renato C. Francisco	100	0	100	0
Ruben D. Torres	100	0	100	0
Josaias T. Dela Cruz	100	0	100	0
Roberto De Venecia	0	1,000	1,000	0
Hanniel T. Ngo	0	100	100	0
	1,735,300	1,231,100	2,966,400	0.09

B. Officers

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
Glenn Gerald Pantig	0	0	0	0
Amando J. Ponsaran Jr	0	0	0	0
Christine Valenzuela	0	0	0	0
Erwin Bryan Kanapi	0	0	0	0
Jocelyn Valle	0	0	0	0
Richard L. Ricardo	0	0	0	0
	0	0	0	0

C. Principal/Substantial Stockholders

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
THE WELLEX GROUP, INC	143,892,990	865,315,230	1,009,208,220	34.91
RECOVERY REAL ESTATE CORPORATION	150,000,000	200,000,000	350,000,000	12.1
REXLON REALTY GROUP, INC	200,000,000	260,960,000	460,960,000	15.94
KENNETH T GATCHALIAN	320,000	0	320,000	0.01
	494,212,990	1,326,275,230	1,820,488,220	62.96

D. Affiliates

Name	Direct	Indirect	Total direct & indirect shares	% to Total Outstanding Shares
ROPEMAN INTERNATIONAL CORP.	178,270,000	0	178,270,000	6.16
INTERNATIONAL POLYMER CORP.	718,000	718,000	1,436,000	0.05
FORUM HOLDING CORP.	20,000	66,204,500	66,224,500	2.29
RECOVERY DEVELOPMENT CORP.	3,000,900	53,000,900	56,001,800	1.93
	182,008,900	119,923,400	301,932,300	10.43

E. Government

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

F. Banks

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

G. Employees

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

H. Lock-Up Shares

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

I. Others

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

Number of Listed Common Shares	2,890,984,660
Total Number of Non-Public Shares	2,125,386,920
Total Number of Shares Owned by the Public	765,712,740
Public Ownership Percentage	26.48%

Other Relevant Information
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