SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Oct 26, 2026

2. SEC Identification Number

PW-94

3. BIR Tax Identification No.

000-707-922

4. Exact name of issuer as specified in its charter

PAL Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Lucio K. Tan Jr. Center, Philippine Airlines, PAL Gate 5, Andrews Avenue, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

(02) 8810-2451

9. Former name or former address, if changed since last report

Not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	26,852,106,890

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of the Board of Directors' Meeting of PAL Holdings, Inc.
Background/Description of the Disclosure
We wish to advise the Exchange that during its meeting held today, October 26, 2026, the Corporation approved and confirmed the resignation of Ms. Anna Isabel V. Bengzon as Chief Risk Officer to allow her to focus on her existing responsibilities as Chief Finance Officer of Philippine Airlines, Inc. (PAL), and the appointment of Mr. Rabbi Vincent L. Ang as Chief Risk Officer of both PAL and PAL Holdings, Inc. (PHI).

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
Anna Isabel V. Bengzon	Chief Risk Officer	Oct/26/2026	To focus on her existing responsibilities as Chief Finance Officer of Philippine Airlines, Inc. (PAL).

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Rabbi Vincent L. Ang	Chief Risk Officer	Oct/26/2026	Oct/26/2026	-	-	-

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information
None.