Notice of the 2023 Annual Stockholders’ Meeting

To: All Stockholders

Notice is hereby given that CONCEPCION INDUSTRIAL CORPORATION (formerly Concepcion Airconditioning Corporation)(the “Corporation”) will conduct its Annual Stockholders’ Meeting virtually via Zoom (https://us02web.zoom.us/meeting/register/tZYqde-srTgtG9fH9_ghoziIPzVJ5f7lfQTv) on July 27, 2023 at 10:00 a.m., at which meeting the following matters shall be taken up:

• 1. Call to Order;
• 2. Certification of Existence of Quorum;
• 3. Approval of the Minutes of the Annual Meeting of the Stockholders held on July 20, 2022;
• 4. Report of the Chairman;
• 5. Approval of the Audited Financial Statements as of 31 December 2022;
• 6. Election of Directors;
• 7. Appointment of External Auditors
• 8. Ratification of All Actions taken by the Board and Management;
• 9. Approval of the Compensation of Directors;
• 10. Other Matters; and
• 11. Adjournment.

The record date for the determination of stockholders entitled to notice of, and to vote at, the said meeting is fixed at the close of business hours on June 27, 2023.

 

To ensure the health and well-being of our stockholders during this COVID-19 pandemic, stockholders may only attend the meeting by remote communication and/or vote in absentia or through the Chairman of the meeting as proxy. Stockholders who wish to participate by remote communication or vote in absentia or by proxy should notify the Corporate Secretary by email to cic.secretary@romulo.com from July 6, 2023 to July 17, 2023.

 

Successful registrants will receive an electronic invitation via email with a complete guide on how to join the meeting. For any registration concerns, please get in touch with the Corporation through cic.secretary@romulo.com.

 

All stockholders who wish to vote through a proxy or in absentia shall submit the duly signed proxies or ballots, as the case may be, to the Office of the Corporate Secretary at the 21st Floor, Philamlife Tower, 8767 Paseo de Roxas, Makati City and/or by email to cic.secretary@romulo.com not later than July 17, 2023. The proxies and ballots submitted shall be validated on July 20, 2023 at 2:00 p.m. We are not soliciting proxies.

 

The Information Statement which contains a brief explanation of each item on the agenda and procedures for attending the meeting via remote communication and for casting votes in absentia, Management Report, and Annual Report for the year ended December 31, 2022 in SEC Form 17-A are posted on the Corporation’s website at https://cic.ph/investor-relations/#annual-stockholders and PSE EDGE.

 

The meeting shall be recorded in audio and video format and copies thereof shall be retained by the Corporation.

 

The Corporation has engaged Isla Lipana & Co. (a PwC member firm) to validate the votes and proxies submitted for this Annual Stockholders’ Meeting.