Alliance Select Foods International, Inc.FOOD

Change in Par Value

At the Special Meeting of Stockholders held today, on 15 October 2026, stockholders representing 81.42% of the outstanding capital stock of Alliance Select Foods International, Inc. (the “Corporation”) approved the following matters:

1. Approval of Equity Restructuring and Reduction in Par Value

Subject to regulatory approvals, an equity restructuring involving the reduction of the par value of the Corporation’s common shares from Php0.50 per share to Php0.10 per share through a decrease in authorized capital stock, as follows:

From: One Billion Five Hundred Million Pesos (Php1,500,000,000.00) divided into Three Billion (3,000,000,000) common shares with a par value of Fifty Centavos (Php0.50) per share.

To: Three Hundred Million Pesos (Php 300,000,000.00) divided into Three Billion (3,000,000,000) common shares with a par value of Ten Centavos (Php0.10) per share.

The equity restructuring is intended to strengthen the Corporation’s financial position, address its accumulated deficit, and provide additional capacity for future equity funding.

2. Approval of Application of Additional Paid-In Capital Against Accumulated Deficit

Subject to regulatory approvals and applicable accounting requirements, the reduction in the par value of the Corporation’s common shares from Php0.50 to Php0.10 per share will result in additional paid-in capital (“APIC”) of approximately US$21.4 million, which will be applied against the Corporation’s accumulated deficit as part of the equity restructuring.

The application of the resulting APIC against the accumulated deficit is intended to improve the Corporation’s capital structure and financial flexibility.

3. Approval of Amendments of the Articles of Incorporation

Subject to regulatory approvals, the Corporation’s Third and Seventh Articles of Incorporation shall be amended to:

(a) Reflect the approval of the decrease in the par value of its common shares from Php0.50 to Php0.10 per share. As a result of the reduction in par value, the Corporation’s authorized capital stock of Php1.5 billion will be decreased to Three Hundred Million Pesos (PhP300mn) divided into 3 billion common shares with a par value of Php0.10 per share, from the present 3 billion common shares with a par value of Php0.50 per share; and,

(b) Transfer the Corporation’s principal address from Suite 1205 Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City, Metro Manila to Third Floor, Keyland Valero, 114 Valero Street, Salcedo Village, Barangay Bel-Air, Makati City, Metro Manila.

4. Approval of Increase in Authorized Capital Stock

Subject to regulatory approvals, the Corporation’s Seventh Article of Incorporation shall be subsequently amended to reflect the approval of an increase in authorized capital stock from Three Hundred Million Pesos (PhP300,000,000) divided into 3 billion common shares with a par value of Php0.10 per share, to One Billion Five Hundred Million Pesos (PhP1,500,000,000) divided into Fifteen Billion (15,000,000,000) common shares with a par value of PhP0.10 per share.




5. Approval of Private Placement/ Subscription by Strongoak, Inc.

Subject to regulatory approvals, Strongoak, Inc., the Corporation’s parent company, shall subscribe to Six Billion (6,000,000,000) common shares of the Corporation at a subscription price of Php0.11 per share, for an aggregate subscription price of Php660 million, in support, and to be issued out, of the increase in the authorized capital stock.

Following the issuance of the subscription shares, the Corporation will have approximately 8.5 billion issued and outstanding common shares, with approximately 6.5 billion authorized but unissued common shares remaining available for future issuance.

6. Approval of Additional Listing of Subscription Shares

Please see attached SEC Form 17-C.

The equity restructuring is intended to strengthen the Corporation’s financial position, address its accumulated deficit, and provide additional capacity for future equity funding.

New Stock Certificates will be issued upon approval of reduction in par value from Php 0.50 to Php 0.10.

New Stock Certificates will be issued upon approval of reduction in par value from Php 0.50 to Php 0.10.

New Stock Certificate will be issued upon approval of reduction in par value from Php 0.50 to Php 0.10.

Please see attached SEC Form 17-C.

This disclosure has been amended as follows:

(a) To state that there are 2,500,000,000 issued shares before the decrease in par value, and 8,500,000,000 issued shares after the proposed decrease in par value, proposed increase in Authorized Capital Stock, and proposed private placement.

(b) To state that there are 2,499,712,463 outstanding shares before the decrease in par value, and 8,499,712,463 outstanding shares after the proposed decrease in par value, proposed increase in Authorized Capital Stock, and proposed private placement.

(c) To state that there are 2,500,000,000 listed shares before the decrease in par value, and that the number of listed shares is proposed to increase to 8,500,000,000 following the proposed decrease in par value, proposed increase in Authorized Capital Stock, and proposed private placement.

The proposed decrease in par value, increase in Authorized Capital Stock, and private placement are subject to the requisite stockholder and regulatory approvals, including approval by the Securities and Exchange Commission (SEC), as applicable. The listing of the additional 6,000,000,000 common shares is subject to the approval of The Philippine Stock Exchange, Inc. (PSE).

This disclosure was subsequently amended to indicate the date of stockholder approval, October 15, 2026.

The equity restructuring is intended to strengthen the Company's financial position, address its accumulated deficit, and provide additional capacity for future equity funding.