Securities and Exchange Commission(SEC)

April 7, 2022 Dear Rafael Valenzuela, Greetings! Thank you for your request dated Apr 01, 2022 10:56:15 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Average Club Share Price of Manila Yacht Club and Subic Bay Yacht Club (2010-2021). Response to Request Please be informed that Manila Yacht Club does not have a secondary license. Therefore, our records could not provide you with the requested information. Subic Bay Yacht Club, on the other hand, is a holder of a secondary license to offer and/or sell securities to the public with 1,046 registered shares at a minimum price of P700,000.00 to a maximum price of P1,200,000.00. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Atty. Rachel Esther Gumtang- Remalante FOI Receiving Officer

April 7, 2022 Dear Rafael Valenzuela, Greetings! Thank you for your request dated Apr 01, 2022 10:56:15 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request Please be informed that Manila Yacht Club does not have a secondary license. Therefore, our records could not provide you with the requested information. Subic Bay Yacht Club, on the other hand, is a holder of a secondary license to offer and/or sell securities to the public with 1,046 registered shares at a minimum price of P700,000.00 to a maximum price of P1,800,000.00. Your right to request a review If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Commission Secretary at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). Thank you. Respectfully, Atty. Rachel Esther Gumtang- Remalante FOI Receiving Officer