| C07676-2026 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common Shares | 4,519,406,911 |
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| Subject of the Disclosure |
|---|
Update on the legal proceedings filed by LPZ chairman against some directors and officers. |
| Background/Description of the Disclosure |
Dismissal of the Petition for Indirect Contempt filed by LPZ Chairman Federico R. Lopez against LPZ directors Rafael L. Lopez (former director), Martin L. Lopez, Michael Jack B. Garcia and Salvador G. Tirona (former director), and Corporate Secretary Enrique I. Quiason, and Asst. Corporate Secretary, Maria Amina O. Amado. |
| Name of the court or agency in which the proceedings are pending | Regional Trial Court, Mandaluyong City, Branch 209 |
|---|---|
| Date Instituted | Apr 10, 2026 |
| Docket Number | R-MND-26-00450-SC |
| Principal Parties |
|---|
Petitioner is LPZ Chairman Federico R. Lopez. |
| Nature and description of the legal proceedings |
The petition for indirect contempt (the “Petition”) seeks to hold the respondents in indirect contempt of court, with the allegation that the respondents willfully violated the court orders dated March 11, 2026 and March 16, 2026 on the issuance of a temporary restraining order (TRO). The said court orders were issued in a case filed by Mr. Federico R. Lopez (FRL) as president of Lopez, Inc. (LI) against certain LI directors and LI's assistant corporate secretary, for the declaration of nullity of board resolutions passed during the special board meeting of LI held on February 27, 2026, which removed FRL as president and elected his replacement. |
| The effect(s) on the Issuer's business or operations, if any |
No effect on LPZ' business or operations. |
| Other Relevant Information |
None. |
| Name | Maria Amina Amado |
|---|---|
| Designation | VP, Compliance Officer & Asst. Corp. Secretary |