Securities and Exchange Commission(SEC)

October 18, 2021 Dear Ms. Luanne Ramos, Greetings! Thank you for your request dated Oct 18, 2021 02:24:46 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for information about an alleged Ponzi Scheme ECOMM SHARES/E-COMM SHARES INC. Response to Request Please be guided by the related SEC advisory at https://www.sec.gov.ph/advisories-2021/ecomm-shares-e-comm-shares/. If the company is deemed engaged in the offering/selling of unregistered securities without the requisite secondary license or involves an investment scam, you may report the matter directly to the Enforcement and Investor Protection Department at [email protected] or call 02 8818 6337. Kindly be ready to provide the relevant details and/or supporting documents regarding your transaction with the company. 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 [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, Violeta Infante FOI Receiving Officer