Max's Group, Inc. (MAXS), formerly Pancake House, Inc.

(PCKH), was incorporated on March 1, 2000 and is principally engaged in the

business of catering foods and establishing, operating and maintaining restaurants, coffee shops, refreshments parlors and cocktail
lounges. In 2014, the Company underwent a change in control and significant expansion of its business and operations. On August 22,
2014, the Securities and Exchange Commission approved the change in corporate name and stock symbol of PCKH to the present
one.

On March 14, 2016, the Board of MAXS approved the amendment in the Company's primary purpose to include dealing in the business
of acquiring and developing any and all trade names, brand names and master franchises, including other intellectual property rights
necessary to commence and operate the relevant business enterprises, as well as to grant the use of such trade names, brand names
and master franchises for and in consideration of the payment of fees and royalties, and in connection therewith, establish
management services for the expansion of the business enterprises.

The Company operates under the trade names "Max's"; "Pancake House", "Yellow Cab"; "Krispy Kreme"; "Jamba Juice"; "Max's Corner
Bakeshop"; "Dencio's"; "Teriyaki Boy"; "Singkit"; "Sizzlin' Steak"; "Le Coeur De France"; "The Chicken Rice Shop"; "Kabisera ng
Dencio's"; and "Maple". As of December 31, 2015, there are a total of 588 outlets, including 35 overseas, across these brands.

The Company's subsidiary, RooM Ventures Corp., pursued the development of Meranti, a hotel project adjacent to the heritage store of
Max's Restaurant in Scout Tuason, Quezon City.

Source: SEC Form 17-A (2015)

Metropolitan Bank & Trust Company (MBT) was incorporated on April 6, 1962 by a group of Filipino businessmen principally to provide
financial services to the Filipino-Chinese community. MBT eventually diversified its business to provide a broad range of banking and
collateral services to all sectors of the Philippine economy. MBT opened its first office in Binondo, Manila on September 5, 1962. On
August 21, 1981, MBT was granted a universal banking license by the Bangko Sentral ng Pilipinas (BSP).

MBT's principal business activities involve deposit-taking and lending; trade finance; remittances; treasury; investment banking; and
thrift banking. The Company is also a participant in the Philippine foreign exchange market, and is accredited by the BSP as a
government securities eligible dealer. MBT's customer base covers a cross section of the top Philippine corporate market, but has
always been particularly strong in the middle market corporate sector of the economy.

MBT's significant subsidiaries include First Metro Investment Corporation; Philippine Savings Bank; Metrobank Card Corporation; and
ORIX METRO Leasing and Finance Corporation. The Company also has remittance centers in Hong Kong, Singapore, the US, United
Kingdom, and Japan.

As of December 31, 2015, MBT has 697 operating domestic branches and 1,612 ATMs and 191 cash accept machines nationwide.

Source: SEC Form 17-A (2015)

PLDT Inc. (TEL), formerly Philippine Long Distance Telephone Company, was incorporated on November 28, 1928 following the merger
of four telephone companies under US ownership, namely, Philippine Telephone and Telegraph Company, Cebu Telephone and
Telegraph Company, Panay Telephone and Telegraph Company, and Negros Telephone and Telegraph Company. In 1967, effective
control of TEL was sold by General Telephone and Electronics Corporation to a group of Filipino businessmen. On July 29, 2016, the
Securities and Exchange Commission approved the change in corporate name to the present one.

TEL is a telecommunications service provider in the Philippines with its business activities categorized into three units: wireless, fixed
line, and others. The Company's services are marketed under the "Smart", "TNT", and "Sun Cellular" brands. TEL's subsidiaries include
Smart Communications, Inc.; ACeS Philippines Cellular Satellite Corporation; ABM Global Solutions, Inc.; Bonifacio Communications
Corporation; Digital Telecommunications Philippines, Inc.; and ePLDT, Inc. TEL's common shares are listed and traded on the PSE,
while the Company's American Depositary Shares are listed and traded on the NYSE in the US.

On May 30, 2016, TEL announced the approval of its Board for TEL to acquire 50% of the equity interest of the telecommunications
business of San Miguel Corporation held through Vega Telecom, Inc. (Vega Telecom), with Globe Telecom, Inc. acquiring the remaining
50% interest. The Board of TEL also approved the acquisition by TEL of 50% equity interest in the telecommunications businesses of
New Century Telecoms, Inc. and eTelco, Inc. Vega Telecom owns controlling interests in Bell Telecommunication Philippines, Inc.;
Eastern Telecommunications Philippines, Inc.; Cobaltpoint Telecommunication, Inc. (formerly Extelcom); Tori Spectrum
Telecommunication, Inc. (formerly Wi-Tribe); and Hi-Frequency Telecommunication, Inc.

Source: SEC Form 17-A (2015)/Disc. No. 3077/4604-2016