| C07625-2026 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common | 7,520,983,658 |
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JG Summit Holdings, Inc.JGS| Subject of the Disclosure |
|---|
Acquisition by JGS of OPMC Shares Held by JGSCSC |
| Background/Description of the Disclosure |
On October 26, 2026, JG Summit Holdings, Inc. (“JGS”) completed the acquisition from its wholly owned subsidiary, JG Summit Capital Services Corp. (“JGSCSC”), of 37,051,952,896 common shares in Oriental Petroleum and Minerals Corporation (“OPMC”). |
| Date of Approval by Board of Directors |
Oct 22, 2026 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
The acquisition is intended to consolidate JGS’s investment in OPMC at the parent level. |
| Date | Oct 26, 2026 |
|---|
| Manner |
|---|
Cross-block sale through the facilities of the PSE. |
| Description of the company to be acquired or sold |
OPMC is a publicly listed Philippine company engaged in the exploration, development, and production of petroleum and mineral resources in the Philippines. |
| Number of shares to be acquired or disposed | 37,051,952,896 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 19.33 |
| Price per share | see description above |
| Nature and amount of consideration given or received |
|---|
Cash consideration amounting to PHP 562,003,406.29 |
| Principle followed in determining the amount of consideration |
The price per share was based on the 30-day volume-weighted average price (VWAP) of OPMC shares, calculated up to and including the close of trading on October 23, 2026. |
| Terms of payment |
In accordance with the applicable terms of the transaction and PSE trading, clearing, and settlement procedures. |
| Conditions precedent to closing of the transaction, if any |
Compliance with applicable laws, rules and regulations, PSE requirements, and the terms and conditions approved by JGS. |
| Any other salient terms |
None |
| Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates | |
|---|---|---|
| JG Summit Capital Services Corp. | Wholly owned subsidiary of JGS |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
The acquisition consolidates JGS’s investment in OPMC at the parent level by transferring the shares held by JGSCSC directly to JGS. |
| Other Relevant Information |
Please see the attached JGS SEC Form 17-C Current Report. |
| Name | Maria Celia Fernandez-Estavillo |
|---|---|
| Designation | Chief Legal Officer and Corporate Secretary |