MAP SHOWING THE RELATIONSHIPS BETWEEN AND AMONG THE COMPANIES IN THE GROUP, ITS ULTIMATE PARENT COMPANY AND CO-SUBSIDIARIES As of December 31, 2017 MITSUBISHI MERMAC, INC. CORPORATION 47.74% 10.15% AYALA CORPORATION 100% 100% 100% 100% AYALA AVIATION AC INDUSTRIAL TECHNOLOGY AC AC ENERGY CORPORATION HOLDINGS, INC. (formerly Ayala INTERNATIONAL HOLDINGS, INC. Automotive Holdings Corporation) 47.1% 50% 100% 100.00% AZALEA 50% AYALA HOTELS, AYALA HEALTHCARE AYALA LAND, INC. INTERNATIONAL INC. 73.5% HOLDINGS, INC. VENTURE PARTNERS LIMITED 60% 40% 100% 100% 100% AYC FINANCE BESTFULL DARONG LAGDIGAN LAND AGRICULTURAL AND CORPORATION 68.3% LIMITED HOLDINGS LIMITED DEVELOPMENT 35.3% 100% 100% 100% MANILA WATER 16.3% PHILWATER AC EDUCATION, INC. AC INFRASTRUCTURE HOLDINGS COMPANY, (formerly Ayala Education, HOLDINGS COMPANY, INC. 51.6% INC. Inc.) CORPORATION 0.04% 100% 100% 78.8% 100% MICHIGAN HOLDINGS, PUREFOODS TECHNOPARK AC VENTURES HOLDING CORP. INC. INTERNATIONAL LAND, INC. (formerly Water Capital Works, Inc.) 2.1% 30.5% 78.1% 31.0% 60% BANK OF THE 20.1% LIONTIDE GLOBE TELECOM, ASIACOM PHILIPPINE ISLANDS HOLDINGS INC. INC. PHILIPPINES, INC. 100.00% 100.00% HCX TECHNOLOGY AG COUNSELORS PARTNERS, INC. CORPORATION Legend: % of ownership appearing on top of the box - direct economic % of ownership % of ownership appearing inside the box - effective % of economic ownership Integrated Micro-Electronics, Inc. as of December 2017 AC Industrials Others 50.64% 49.36% Integrated Micro-Electronics, Inc. 100% 100% 100% 100% IMI International (Singapore) Pte. IMI USA IMI Japan PSI Technologies, Inc. Ltd. 100% 100% 100% 100% 40% PSiTech Realty, Inc. 40%* IMI International Regional IMI UK Cooperatief IMI Europe Speedy-Tech Electronics Operating Headquarter 60% U.A. *** (“IMI ROHQ”) 40% Pacsem Realty, 80% Inc. 64%* 100% 100% STI Enterprises Ltd. Speedy-Tech Electronics (HK) Limited (“STHK”) IMI France SAS 100% 100% Speedy-Tech 100% IMI Bulgaria 100% IMI STI Limited 80% (Philippines), Inc. EOOD Microenergia (“STPHIL”) (IMI BG) EOOD 100% 100% Shenzhen Speedy-Tech 100% IMI Czech 100% STI Philippines Inc. 80% Electronics Co., Ltd. Republic s.r.o IMI Display (“SZSTE”) **** (IMI CZ) s.r.o. ** 100% 100% IMI MX, S.A.P.I. 100% de C.V. IMI Manufactura 100% STI Asia Litd. Speedy-Tech Electronics, S.A.P.I. de C.V. 80% Inc. (IMI MX) 76.01% 100% 100% VIA Optronics VIA Optronics LLC 100% Speedy-Tech Electronics GmbH STI Supplychain Ltd. * (Jiaxing) Co. Ltd. (“STJX”) 76.01% 80% 100% 100% VIA Optronics 100% IMI Niš IMI (Chengdu) Ltd. (Suzhuo) Co. Ltd. (Serbia) (IMI CD) 76.01% 100% IMI Technology (SZ) Co. Ltd.**** * In the process of liquidation. ** No active operations. *** Previously under Monarch Elite Ltd. In June 2017, Monarch agreed to sell its net target assets and transfer its membership rights to IMI Singapore. Monarch is in the process of liquidation. **** New entity incorporated in Shenzhen which now runs the manufacturing operations of Pingshan and Kuichong. SZSTE being sold to a third party..