REPUBLIC OF THE PHILIPPINES) City of Makati ) SS. SECRETARY’S CERTIFICATE I, FELICIANO B. HATUD, of legal age, Filipino and Corporate Secretary of PRYCE CORPORATION (the “Corporation”), a corporation duly organized and existing under and by virtue of Philippine laws with principal office address at 17TH Floor, Pryce Center, 1179 Chino Roces Avenue corner Bagtikan Street, Makati City, do hereby certify that: At the Special Meeting of the Board of Directors held on January 21, 2021, the following resolutions, among others, were unanimously adopted and approved, and shall remain in full force and effect, to wit: “RESOLVED, as it is hereby resolved, that the venue for the regular Annual Stockholders’ Meeting of the Corporation shall be changed to Rigodon Ballroom, The Peninsula Manila, corner of Ayala and Makati Avenues due to the temporary shutdown of the operation of Makati Shangri-La starting February 1, 2021, since it has been suffering from financial distress due to the prolonged effects of COVID-19 Pandemic, as confirmed by its management. RESOLVED, as it is hereby resolved, that the Annual Stockholders’ Meeting of the Corporation shall be held in person, and not via remote communication, on February 5, 2021 at 4PM at the new venue Rigodon Ballroom, The Peninsula Manila, corner of Ayala and Makati Avenues “RESOLVED FURTHER, that the agenda for the aforesaid meeting are as follows: 1. Call to Order and Determination of Quorum 2. Approval of Minutes of Previous Meeting 3. President’s Report 4. Approval of Annual Report and Audited Financial Statements 5. Ratification of Acts of the Board of Directors and Management COVER SHEET 1 6 8 0 6 3 S.E.C. Registration Number P R Y C E C O R P O R A T I O N (Company’s Full Name) 1 7 / F P R Y C E C E N T E R C H I N O R O C E S A V E N U E M A K A T I C I T Y (Business Address: No. Street City/ Town / Province) Jose Ma. C. Ordenes / Earl Christian L. Lerio (02) 8 899-4401 Contact Person Company Telephone Number 1 2 3 1 2 0 - I S 0 2 0 5 Month Day FORM TYPE Month Day Fiscal Year ANNUAL MEETING Secondary License Type, if Applicable M S R D Dept. Requiring this Doc. Amended Articles Number/Section 359 (as of Dec. 31, 2020) Total No. of Stockholders Domestic Foreign -------------------------------------------------------------------------------------------------------------------- To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Page 1 of 25 PRYCE CORPORATION Definitive Information Statement 2020 SECURITIES AND EXCHANGE COMMISSION SEC FORM 20-IS INFORMATION STATEMENT PURSUANT TO SECTION 20 OF THE SECURITIES REGULATION CODE 1. Check the appropriate box: [ ] Preliminary Information Statement [√ ] Definitive Information Statement 2. Name of Registrant as specified in its charter: PRYCE CORPORATION 3. Province, country or other jurisdiction of incorporation or organization: Philippines 4. SEC Identification Number: 168063 5. BIR Tax Identification Number: 000-065-142-000 6. Address of principal office: 17th Floor PRYCE CENTER 1179 Chino Roces Avenue corner Bagtikan Street Makati City 1203 7. Registrant’s telephone number, including area code: (+632) 899-4401 8. Date, time and place of the meeting of security holders: Date: February 5, 2021 Time: 4 o’clock in the afternoon Place: Rigodon Ballroom, The Peninsula Manila, Ayala Avenue corner Makati Avenue, Makati City 9. Approximate date on which the amended Information Statement is first to be sent or given to security holders: January 25, 2021 10. Securities registered pursuant to Sections 8 and 12 of the Code or Sections 4 and 8 of the RSA as of December 31, 2020: Title of Each Class Number of Shares of Common Stock Outstanding Common 1,940,637,369 Treasury 83,862,631 11. Are any or all of registrant's securities listed in a Stock Exchange? Yes [√ ] No [ ] If yes, disclose the name of such Stock Exchange and the class of securities listed therein: Philippine Stock Exchange – Common Shares Page 2 of 25 PRYCE CORPORATION Definitive Information Statement 2020 PRYCE CORPORATION INFORMATION STATEMENT (Amended) This amended Information Statement is dated January 22, 2021 and to be furnished to stockholders of record of Pryce Corporation as of January 22, 2021 in connection with the company’s Annual Stockholders’ Meeting on February 5, 2021. WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. GENERAL INFORMATION Date, time and place of meeting of security holders The Annual Stockholders' Meeting of Pryce Corporation (the “Company”) for the year 2020 will be held on February 5, 2021 at 4 o’ clock in the afternoon at the Rigodon Ballroom, The Peninsula Manila, Ayala Avenue corner Makati Avenue, Makati City.1 The complete mailing address of the registrant is: PRYCE CORPORATION 17th Floor Pryce Center 1179 Chino Roces Avenue corner Bagtikan Street Makati City This information statement will be sent to the security holders approximately on January 25, 2021. Dissenters' Right of Appraisal A stockholder has a right to dissent and demand payment of the fair market value of his shares: (i) in case any amendment to the articles of incorporation has the effect of changing or restricting the rights of any stockholder or class of shares, or of authorizing preferences in any respect superior to those of outstanding shares of any class, or of extending or shortening the term of corporate existence; (ii) in case of sale, lease, exchange, transfer, mortgage, pledge or other disposition of all or substantially all of the corporate property and assets; (iii) in case of merger or consolidation; and, (iv) in case of an investment of corporate funds in any other corporation or business or for any purpose other than the primary purpose for which it was organized under Section 41 of the Revised Corporation Code. There are no matters or proposed corporate actions that may give rise to a possible exercise by security holders of their appraisal rights. Should an action which may give rise to the right of appraisal be proposed at any time after this information statement is sent or at the meeting, any stockholder who voted against the proposed corporate action may exercise the right of appraisal by making a written demand within 1 Per the Company’s by-laws, stockholders’ meetings shall be held in the principal office of the corporation or at any place designated by the Board in the city or municipality where the principal office of the Company is located. For purposes of Section 51 of the Corporation Code and Rule 20 of the Rules and Regulations implementing the Securities Regulation Code on the place of stockholders’ meetings, Metro Manila is considered a city or municipality. Page 3 of 25 PRYCE CORPORATION Definitive Information Statement 2020 thirty (30) days after the date on which the vote was taken for payment of the fair value of his shares as of the day prior to the date on which the vote was taken, excluding any appreciation or depreciation in anticipation of such corporate action. Failure on the part of the stockholder to make the demand within such period shall be deemed a waiver of the appraisal right. Upon payment to the stockholder, the stockholder shall transfer his shares to the Corporation. No payment however shall be made to any dissenting stockholder unless the corporation has unrestricted retained earnings in its books to cover such payment. Within ten (10) days after demanding payment for his shares, the dissenting stockholder shall submit his certificates of stock to the Corporation for notation that the shares represented are dissenting shares. All other matters respecting a stockholder’s right of appraisal shall be governed by Title X of the Corporation Code. Interest of Certain Persons in or Opposition to Matters to be Acted Upon Other than election to office, no person who has been director or executive officer of the Company at any time since the beginning of the last fiscal year, or who is a nominee for election as director, or who is an associate of any of the foregoing, has a direct or indirect substantial interest, by security holdings or otherwise in any matter to be acted upon. No Director has informed the Company of his intention to oppose any action to be acted upon. CONTROL AND COMPENSATION INFORMATION Voting Securities and Principal Holders Thereof The Company has 1,940,637,369 subscribed and outstanding common shares as of December 31, 2020. Every stockholder shall be entitled to one vote for each share of stock held as of the record date. All stockholders of record as of January 22, 2021 are entitled to notice of, and to vote at, the Company’s Annual Stockholders’ Meeting. With respect to the election of directors, a stockholder, in person or by proxy, may vote such number of shares for as many persons as there are directors to be elected or he may accumulate said shares and give one candidate as many votes as the number of directors to be elected multiplied by the number of his shares shall equal or he may distribute them on the same principle among as many candidates as he shall see fit; provided, that the total number of votes cast by a stockholder shall not exceed the total number of shares owned by him multiplied by the whole number of directors to be elected. There are no conditions precedent to the exercise of the cumulative voting rights. The Company is not soliciting discretionary authority to cumulate votes. Security Ownership of Certain Record and Beneficial Owners (as of December 31, 2020) Based on the records of the Company’s Stock Transfer Agent, BDO Unibank, Inc.