ANNUAL REPORT 2025

Makati (Sports) Club, Inc.

SINCE 1975

ANNUAL

REPORT

Makati (Sports) Club, Inc.

MSCI PAST PRESIDENTS Jaime Zobel De Ayala 1976-1977 Adolfo Duarte 1977-1978 Vicente R. Ayllon 1978-1979 Jovencio F. Cinco 1979-1980 Renato L. Paras 1980-1981 Antonio R. Santamaria 1981-1982 Agustin R. Bengzon 1982-1983 Luis P. Vera 1983-1984 Alfred X. Burgos, Jr. 1984-1985 Felino L. Ampil 1985-1986 Alex Y. Pardo 1986-1987 Lucito L. Sioson 1987-1988 Ricardo G. Librea 1988-1989 Victor T. Gomez, Jr. 1989-1990 Ignacio A. Macrohon, Jr. 1990-1991 Claudio B. Altura 1991-1992 Cecile H. Cheng 1992-1993 Rogelio G. Villarosa 1993-1994 Sixto S. Sandejas II 1994-1995 Rico V. Domingo 1995-1996 Salvador R. Fabregas 1996-1997 Ricardo G. Librea 1997-1999 Jovencio F. Cinco 1999-2000 2000-2001 Eliseo V. Villamor 2001-2002 Rogelio G. Villarosa 2002-2003 Alicia L. Cinco 2003-2004 Ismael M. Estella 2004-2005 Oscar J. Ledesma, Jr. 2005-2006 Alejandro Z. Barin 2006-2007 Alicia L. Cinco 2007-2008 Rogelio U. Marasigan 2008-2009 Ismael M. Estella 2009-2010 Claudio B. Altura 2010-2011 Alicia L. Cinco 2011-2012 Renato C. Valencia 2012-2013 Jose S. Sandejas 2013-2014 Robin A. King 2014-2015 Dexter E. Quintana 2015-2016 Manuel Q. Bengson 2016-2017 Edward T. Gabaldon Ismael L. Melendres, Jr. 2017-2018 2018-2019 Alicia L. Cinco Marlon Dennis L. Loyola 2019-2020 2020-2021 Eduardo V. Francisco 2021-2022 Jaime C. Laya Rogelio M. Guadalquiver 2022-2023 Ismael L. Melendres, Jr. 2023-2024

As a sports club, the Makati (Sports) Club

advocates

the

promotion

of

physical well-being and ability, and thus provides means for its members to engage

in

fitness

activities

and

wholesome relaxation.

It believes in the important role that exercise, sports, and healthy living play in

personal

development,

in

the

formation and functioning of active minds and bodies, and of physically fit professionals who lead meaningful and productive lives in the service of the community and the country.

It also has a variety of dining and banquet facilities which provide the perfect venue for business and leisure.

Truly, the Makati Sports Club, Inc. is an oasis in the heart of the country’s premier business district and a valuable lifestyle investment you can enjoy.

Makati (Sports) Club, Inc.

Board of Directors ATTY. SIMPLICIO M. VIRTUDAZO, JR. President

EDUARDO V. FRANCISCO

ATTY. GODOFREDO C. DE GUZMAN

Vice President/

Corporate Secretary/

House Committee Chairman

HRD Committee Chairman

AURELIO C. ALONZO

JENNIFER C. GUERRERO

Treasurer/

Membership Committee

Finance Committee Chairman

Chairwoman

FRANCISCO S. RONDILLA

LEOPOLDO M. LOPEZ, JR.

Construction Committee

Sports & Games Committee

Chairman

Chairman

HENRY JOSEPH M. HERRERA

EMMANUEL Y. MENDOZA

Socials Committee

Planning and Development

Chairman

Committee Chairman

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Makati (Sports) Club, Inc.

Makati (Sports) Club, Inc.

PRESIDENT'S MESSAGE Dear Fellow Members: The end of another chapter in our Club’s history has come. The highlights of this year’s accomplishments are summarized in three categories — people, projects, and platforms.

In our commitment to give back to our members, the 2024-2025 Board of Directors introduced the Top Patrons Program—a monthly recognition initiative that honors members who actively support the Club’s products and services.

Launched in July 2024, this program encourages members to explore our diverse ISMAEL L. MELENDRES, JR.occasions at the Club. offerings and celebrate special Further, we also enhanced the work environment of MSCI employees who are the backbone of the Club’s excellent offerings. The Board implemented an incentive program for employees to motivate them, recognize their dedication, and supplement their existing benefits.

The Board and management launched thrilling sports tournaments, such as the Pickleball Tournament and the President’s and Chairman’s Cup Tennis Tournaments, fostering camaraderie among members. There were also dance nights, and series of professional talks that stirred the intellectual and physical prowess of our members.

Our Food and Beverage Department also played a vital role in enhancing the club experience with its new and exciting culinary events that attracted more members to dine at the Club.

Financially, the Board worked closely with management to maintain stable revenue, ensuring responsible expense management and profit maximization to support ongoing improvements to our facilities.

Makati (Sports) Club, Inc.

We are committed to upgrade club amenities. The renovation of the Log Cabin, the flagship project of this Board, though originally planned for completion before the Annual Stockholders’ Meeting, is now set to be finalized in time for the 50th Anniversary Celebration. Once completed, it will provide members with a spacious and cozy food outlet as well as an elegant function room for special events.

The Board also continued with its acquisition of new equipment to further enhance our facilities. These upgrades aim to provide members with improved amenities, ensuring that the Club remains a premier destination for leisure, sports, and social gatherings.

From the foregoing disquisition, I now close a chapter for which I have had the honor to serve as your Club President. I bid farewell confident that the incoming Board of Directors will continue to uphold the Club’s standard of providing you with the best experiences you deserve. To my fellow directors, committee heads and members, management and employees whose dedication has significantly improved the Club’s products, services, and facilities, your hard work is enshrined in this annual report.

As the Club celebrates its 50th Anniversary in June, we are reminded of its enduring ISMAEL L. MELENDRES, JR. provision and the members who kept this legacy alive since its founding in 1975. May we all remain united in our shared vision of making this Club a place we are proud to call our home.

Marami pong salamat sa inyong lahat.

Atty. Simplicio M. Virtudazo, Jr. Club President

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Makati (Sports) Club, Inc.

Makati (Sports) Club, Inc.

HOUSE COMMITTEE Mr. Eduardo V. Francisco Chairman

Vice-Chairman: Ms. Jennifer C. Guerrero Members: Mr. Jovencio F. Cinco + Atty. Ian Ray P. Malilong Mr. Jonathan C. Tansengco Mr. Jose Antonio S. Vilar

ISMAEL L. MELENDRES, JR. The committee is pleased to report its accomplishments for the board year 2024-2025:

Approval of the following: Allocation of additional budget for the construction of the 2 Concrete Ramps (San Antonio and Club Café) designed for Persons with Disabilities (PWD), 1 Comfort Room, and 1 Septic Tank near San Antonio Room.

Top Patrons Rewards Program which aims to recognize the members who continuously patronize and support the club’s products and services Employees’ incentive which aims to give incentives to employees depending on the club’s net sales and according to each employee’s respective evaluation.

Massage Sessions and Zumba Dance Lessons Use of Board Games inside the Sports Hub and Bowling Area Renovation of the infirmary (clinic) Procurement and Installation of the following: Tempered glass doors for the comfort rooms and the PWD railings Stainless door freezer, subject to confirmation of the capacity of the freezer.

Bowling spare parts from Puyat Sports.

Risograph machine from Copylandia.

High-Pressure Washer from Clean City.

Makati (Sports) Club, Inc. Launch of the following Food and Beverage Promotions and Activities: Regional Dishes at the Log Cabin Healthy Corner Menu Kiddie Corner Menu Summer and Rainy Days Specials International Mother’s Day Event European Themed Father’s Day Celebration Saturday and Sunday Breakfast Buffet at Makati Sports Club Sizzling Special Lunch Festival Japanese Festival Korean Festival Asian Cuisine Festival Mediterranean Cuisine Festival Beerfest Activities and Happy Hour Promo at the Bistro Lounge Christmas Take Aways “Paskong Pinoy” Christmas Delicacies (Bibingka, Puto Bumbong, and other Filipino delicacies) American Thanksgiving Lunch Chinese New Year Celebration

ISMAEL L. MELENDRES, JR.

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Makati (Sports) Club, Inc.

FINANCE COMMITTEE Mr. Aurelio C. Alonzo Chairman Vice-Chairman: Mr. Francisco S. Rondilla Members: Mr. Jovencio F. Cinco + Mr. Rogelio M. Guadalquiver Mr. Henry Joseph M. Herrera Mr. Ismael L. Melendres Jr. Mr. Dexter E. Quintana

ISMAEL L. MELENDRES, JR. The committee is pleased to report its accomplishments for the board year 2024-2025: Exercised prudent management of the club’s funds including the placement of available cash in higher yielding securities.

Worked on the implementation of the senior citizen discount program for F&B outlets Worked on the approval of the use of the Maya cashless payment system Reviewed and updated our accounting and cost control procedures Reviewed and recommended for approval of the Board the monthly financial reports.

Reviewed and recommended for approval of the Board the audited financial statements for the year ended December 31, 2024 as audited by our independent auditors, KPMG R.G Manabat & Co. Released funding requirements for previously approved various CAPEX projects including sports & bowling hub, and PWD ramp projects Promptly paid the municipal real property tax.

Maintained a good credit standing with various suppliers of the club Improved collection efficiency on delinquent accounts Funded and provided a Directors and Officers Liability Insurance for its directors and officers Reviewed the Employee’s Retirement Plan and evaluated the Actuarial Report to ensure that the club is compliant with the provisions of R.A 4917 and ensure that the retirement needs are adequately funded.

The Club achieved a surplus income over expenses after tax amounting to P11 million.

Makati (Sports) Club, Inc.

HUMAN RESOURCE DEVELOPMENT COMMITTEE Atty. Godofredo C. De Guzman Chairman

Vice-Chairman: Mr. Leopoldo M. Lopez Jr. Members: Mr. Jovencio F. Cinco + Mr. Sisenando U. Bengzon Architect Minerva C. Villarosa Ms. Dominga Cecilia Cabangon Chua

ISMAEL L. MELENDRES, JR.

We are happy to report to you the successful endeavors taken by the committee for the board year 2024-2025: Ratification of the release of ½ of the 13th-month pay of the employees.

Approval of the granting of 13th month pay to all regular employees (rank and file and managers and supervisors) Approval of the granting of employees’ incentive program subject to further study on the qualification and computation of the incentive.

Presentation of the Performance Appraisal Form/ Sheet that will be utilized for evaluating the employees’ performance.

Approval of the selection of one Employee of the Quarter for each department subject to the determination of the amount of the bonus or incentive.

Clarification on the details of thedistribution of the Christmas Bonus assessment for theemployees.

Distribution of Christmas Bonus, Service and Loyalty Awards to employees and extended families Implementation of sick leave credits (60 days maximum) to which excess sick leaves will be converted to cash MSCI Employees’ Outing – rank and file and managers and supervisors MSCI Employees’ Sports Fest – July-August 2024 Employees’ Christmas Party – December 23, 2024 Basic Life Support Seminar conducted by Lifeline Philippines – October 22, 2024 Approval of the services of Maxicare Healthcare Corporation as the HMO of both rank-and-file employees, managers, and supervisors

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Makati (Sports) Club, Inc.

CONSTRUCTION COMMITTEE Mr. Francisco S. Rondilla Chairman

Vice-Chairman: Mr. Aurelio C. Alonzo Members: Mr. Carlos Simon T. Casas Architect Rogelio G. Villarosa Ms. Jennifer C. Guerrero Mr. Leopoldo M. Lopez Jr.

ISMAEL L. MELENDRES, JR. The Construction Committee presents the following achievements for the board year 2024-2025: MAJOR PROJECTS Renovation of the Log Cabin Purchase of two (2) units of dishwashing machine for kitchen.

Replacement of condensing and evaporator unit of fish freezer (cold storage).

Replacement of toilet door (male and female) cubicle into frosted tempered glass.

Repair of submersible pump for rain water sump.

Re-sanding of floor and repaint Bistro lounge.

Installation of new venetian blinds for Bistro lounge, Club Café and Board room.

De-clogging of the main drainage of Indoor tennis court.

Renovation of the Infirmary (Clinic)

REPAIRS AND MAINTENANCE Replacement of rusted lavatory faucet in the Male and Female toilet of Ayala Banquet hall.

Conversion of Dance at Sports pavilion into Aikido gym.

Conducting of quarterly preventive maintenance of all Gym equipment.

Repair of electrical wiring of Log Cabin ceiling fan.

Replacement of broken floor tiles of Lanai hallway.

Repainting of Ceiling and application of acrylic emulsion on Adobe blocks (Sports pavilion).

Installation of non-skid mat along swimming pool walk area.

Weekly cleaning and polishing of veranda hallway.

Repair of Sports pavilion gutter.

Repainting of steel chairs of Log Cabin and Sports pavilion.

Refilling of fire extinguisher

Makati (Sports) Club, Inc.

MEMBERSHIP COMMITTEE Ms. Jennifer C. Guerrero Chairwoman

Vice-Chairman: Mr. Eduardo V. Francisco Members: Atty. Ian Ray P. Malilong Ms. Maricris B. Lim

The Committee is pleased to report its accomplishments in the year 2024:

Processed 118 applications for membership. 36 Individuals, 32 Corporate nominees, 41 Assignees, 2 Associates and 7 Life members Inducted 106 new regular and 4 Life members.

Processed 17 overaged dependents applications.

Processed 2 associate membership applications.

Proposed the reduction of associate membership fee from Php500,000.00 to Php250,000.00.

Recommended the proposed reciprocal arrangement with British Club Bangkok Collected Php6,242,500.00 transfer and assignment fees for the year 2024 Collected Php170,000.00 overaged registration fees.

Collected Php500,000.00 associate membership fees.

The Committee extends its gratitude to all members for their continued support and cooperation.

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Makati (Sports) Club, Inc. LIST OF NEW MEMBERS INDUCTED DURING BOARD YEAR 2024-2025 June 21, 2024 Prahlad Agarwal Takanori Asako Maria Cecilia M. Avila Pio Lorenzo F. Batino Isabel B. Barrientos Kenneth Gabriel T. Chua Carina Monica Chua Tani Michelle M. Cruz Joanna Alexa Serena DC. Dee Margarita L. Delgado Khrisly-Anne R. Echague Milagros D. Enage Nicole Elena III D.C. Espina Pauline Clarisse K. Feria

Benson Louie C. Go Christoph Hannak Rahul Hora Marie Fe Liza S. Jayme Kristiana Mikaela L. Leviste Niccolo Gabriel P. Leviste Roberto Antonio S. Leviste Marie Louise A. Lorenzo Daniella Gabrielle C. Marcos Rodel Joseph Y. Navarro Maria Asuncio O. Padilla Angelo Z. Padua Rodel Joseph Y. Navarro Maria Asuncio O. Padilla Angelo Z. Padua Dianne Panganiban

Louise Hezekiah H. Rance Antero M. Sison Jr. Tomoki Takahashi Michael Anthony Tan Maria Lourdes R. Tanjuatco Pieterjan Vanbuggenhout Ramon Antonio S. Veloso Juliet M. Vergara Vic Fortunato I. Zapanta

LIFETIME 1. Reinfrido L. Barrientos 2. Aurelio M. Cifra

August 16, 2024 INDIVIDUAL 1. Edward Carlos 2. Victor Del Rosario 3. Michealle Renee Lee 4. Juan Miguel Revilla 5. Harvey Uy

ASSIGNEE COMPANY REPRESENTATIVE 1. Jose Rodrigo Abrillo 1. Sanjay Chakrabarty 2. Lara Margarita M. Goquingco 2. George Ivan Ang 3. Maico Rico Angeles 3. Yoshinori Inazumi 4.

Kenta Hayashi 4. Renato Ligon, Jr. 5. Paul Kenneth Hechanova 5. Yvonne Joana Marcelo 6. Simeon Angelo Madrid 6. Mark Anthony Mariano 7. Atsushi Nozawa 8. Elnor Faith Ann Paguirigan 9. Benjamin Tom Wong

June 21, 2024

August 16, 2024

Makati (Sports) Club, Inc. LIST OF NEW MEMBERS INDUCTED DURING BOARD YEAR 2024-2025 October 18, 2024 INDIVIDUAL CORPORATE REPRESENTATIVE 1. Antonio D. Cailao 1. Jeff Gabriel M. Cruz 2. Leonardo Dayao 2. Czarina Yllana Monica Ignacio 3. Danica Francesca D. Ignacio 3. Carlo Lazatin 4. Maria Pia Ocampo 4. Ramon Victor V. Rance 5. Ambosio V. Padilla, III 5. Lawrence Mari Santella 6. Angela Victoria H. Padilla 7. Gabriella R. Villafuerte LIFE MEMBER 1. Maria Lourdes Cinco 2. Mary Locsin

ASSIGNEE 1. Sunae Kim 2. Czar Carmelo Ramirez 3. Pranav Ranjan 4. Alejandro Luis S. Sia 5. Nicolo Subido 6. Jenny O. Tan 7. Jingfeng Zhu

January 17, 2025 INDIVIDUAL 1. David Burton M. Ang 2. Joel A. Banares 3. Josef Vincent W. Cochien 4. Patricia Coseteng 5. Zarina Beatrice I. Gonzales 6. Martin Hills 7. Stephan Phillipe L. Lhuillier 8. Antony L. Marden 9. Mary Ann D. Miranda 10. Antolin A. Oreta III 11. Sandra A. Pagdanganan

CORPORATE REPRESENTATIVE 1. Ma. Teresa R. Antonio 2. Emmanuel T. Bautista 3. Gena Valerie U. Chua 4. Geoffrey M. Daly 5. Irwin Edwin A. De Guzman 6. Claudine Fabros 7. Rahul Sashikant Rasal 8. Nancy Kathleen S. Roxas 9. R John Christopher J. Salom ASSOCIATE MEMBER 1. Christina C. Henson

ASSIGNEE 1. Juan Miguel L. Avanceña 2. Bethilda C. Castillo 3. Erika Marie Cesar 4. Randell J. Manuel 5. John Rey C. Moreno 6. Michel Marco P. Figueras 7. Stefan Kolbe LIFE MEMBER 1. Johansson Cobankiat 2. Antolin Oreta Jr.

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Makati (Sports) Club, Inc.

SPORTS & GAMES COMMITTEE Mr. Leopoldo M. Lopez Jr. Chairman

Vice-Chairman: Atty. Godofredo C. De Guzman Members: Atty. Celestino O. Ang Mr. Henson Ho Mr. Constante C. Lapuz Mr. Tobie Ivan A. Pe

The L. Sports CommitteeJR. is pleased to report its accomplishments and sports activities & events ISMAEL MELENDRES, for the board year 2024-2025: Weekly cleaning sporting facilities Monthly cleaning of tennis courts New umbrellas in Swimming pool area Replacing old nets & purchasing stock for badminton & pickleball Additional pickleball racquets & balls as the pickleball demand is increasing Purchased the following items for the gym: Life Fitness Treadmill Star Trak Cross Trainer Assorted Dumbbells and rubberized weight plates 1 Life Fitness Bench Press Machine Repainting of squash courts Repainting of pavilion area; chairs in pavilion, chairs & tables in men's locker pavilion Introducing Interim coaches Majority of Sports staff is equipped with First Aid knowledge (Red Cross & Lifeline) Renewal of Lifeguard license Sports Events and Activities: Consistent monthly activities; Swim Challenge (10k & 20k), 42k endurance run, Gym Challenge (squat, plank, push-up, burpee), biggest loser, 7 O’clock Habit, & Individual Pedal Pursuit Summer Clinics (Milo Tennis & CAL Swimming) 7 tournaments for year 2024; Chairman's Cup Doubles Tennis Tournament, Chairman's Cup Squash Tournament, Chairman's Cup Pickleball Tournament, Club Anniversary Tennis Doubles Championship, President's Cup Tennis Singles Tournament, Pro-Am Pickleball

Makati (Sports) Club, Inc.

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SOCIALS COMMITTEE

PLANNING & DEVELOPMENT COMMITTEE

Mr. Henry ISMAEL L. Joseph M. Herrera Chairman MELENDRES, JR.

Mr. Emmanuel Y. Mendoza

Vice-Chairman : Mr. Emmanuel Y. Mendoza

Members : Mr. Carlos Simon T. Casas Mr. Jose B. Diego Mr. Nelia C. Sarcol

Chairman

Vice-Chairman : Mr. Henry Joseph M. Herrera Members : Mr. Carlos Simon T. Casas Mr. Francisco Roque Lumbres Mr. Roberto S. Baron Mr. Tobie Ivan A. Pe Mr. Benjamin A. Parungo Jr.

The Socials and Planning Committees are dedicated to fostering a sense of community, promoting wellness, and providing opportunities for both social engagement and personal growth. The events organized throughout the year serve multiple objectives, which are outlined below: 1. Special and Major Events (fostering community engagement, bonding, interaction and entertainment) Mother's Day Event (May 12): A heartfelt lunch celebration for mothers.

Bingo Social (June 12): Held on the club's anniversary, this event brought together members for a fun and competitive afternoon of bingo.

Father's Day Event (June 16): An engaging lunch event dedicated to fathers Date Night - An Evening of Dancing (August 9): A lively evening of dancing Date Night’s Big Night (September 13): An evening of dinner, entertainment and dancing.

Beerfest (October 18): A lively beer festival and dancing featuring Sound Salad as performer.

Halloween Event (October 26): An afternoon spooky and fun-filled event with surprised gifts for children wearing costumes.

Santa Meet and Greet (December 8 & 14): A two-day event where children met Santa, capturing the holiday magic for families.

Carol of the Bells (December 13): Evening of beautiful musical performance by the Lighter Side Movement Choir and Musica Sacra orchestra, welcoming the holiday season with festive spirit.

Valentine's Event (February 14): Dinner dance celebrating love with a special performance by Music Making Company.

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Makati (Sports) Club, Inc.

2. Special Interest Talks (enriching personal and professional development) Adventures in Art Collecting (May 24): Dr. Jaime Laya shared his expertise on art collecting, offering valuable tips and advice for both novice and seasoned collectors.

Philippine Property Market Outlook (July 3): Mr. David Leechiu provided an in-depth look into the evolving Philippine property market, covering trends and opportunities.

Future Proofing Your Finances (August 1): Mr. Henry Herrera discussed strategies to achieve financial freedom, focusing on financial planning (managing budget and debt), and investing strategies and considerations.

3. Topics on Physical Wellness (expanding knowledge and solutions to certain physical conditions) Achieving Wellness through Pain Management (August 27): Dr. Perpetuo Gutierrez shared insights on managing pain (in the areas of head, neck, back, arms, wrist and knees) to improve one’s quality of life.

Usapang Lalaki (October 11): Dr. Jaime Songco led a discussion on topics and solutions to common men’s health issues especially those related to urology and reproductive health.

4. Investment Forums (enhancing financial literacy and investment awareness) Investment Climate Outlook (September 12): Mr. Jonas Ravelas provided valuable insights into the current economic landscape, informing investors on potential opportunities and risks.

Why PSEi? (October 24): Mr. Jojo Gonzales discussed the opportunities and strategies in investing in stocks listed at the Philippine Stock Exchange.

Creating Your Long-Term Investment Portfolio (November 5): Mr. Fritz Ocampo provided approaches to building and managing a sustainable investment portfolio for long-term growth among different types of investors.

Finally, the Socials and Planning Committees wish to thank the Members of Makati Sports Club for their continued patronage and active participation in the various activities organized for the Club’s members and their guests.

Makati (Sports) Club, Inc.

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ACTS, DEEDS, AND CONTRACTS 2024-2025 15 April 2024 The following were elected/appointed as officers of Makati Sports Club, Inc. for fiscal year 2024-2025 Atty. Simplicio M. Virtudazo, Jr.

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President

Mr. Eduardo V. Francisco

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Vice President

Atty. Godofredo C. De Guzman

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Corporate Secretary

Mr. Aurelio C. Alonzo

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Treasurer

Mr. Francisco S. Rondilla

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Asst. Treasurer

Atty. Ian Ray P. Malilong

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Asst. Corporate Secretary

Authorized SIMPLICIO M. VIRTUDAZO, Jr., President, EDUARDO V. FRANCISCO, Vice President, GODOFREDO C. DE GUZMAN, Corporate Secretary, AURELIO C. ALONZO, Treasurer, and FRANCISCO S. RONDILLA, Vice Treasurer as signatories of the club concerning its deposit accounts with the METROPOLITAN BANK and TRUST CO. (Metrobank) and UNION BANK OF THE PHILIPPINES (UBP) and investment account with BANK OF THE PHILIPPINE ISLANDS (BPI), Philippine National Bank (PNB) and BDO UNIBANK, INC. Authorized the General Manager, Mr. Ronaldo Limbo, to sign transactions of the Club amounting to ₱10,000.00 and below.

Approved the retention of Solis Medina Fajardo and Malilong Law Offices as legal counsel Approved the appointment of KPMG R.G. Manabat & Co. as the Club’s external auditors Recommended providing members opportunities to be actively involved in the various projects and events of the Club

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Makati (Sports) Club, Inc.

17 May 2024 Suggestion to pursue the following plans: Preparation for the Golden Anniversary of the Club; Generation of more income for the Club; Increase the value of Club shares; Recognition of the Club’s top patrons; Review of the salary structure of the Club’s employees; Increase presence and participation among young/new Club members; Continuous improvement of the Club’s facilities; Maximize the use of facilities; and Improve information dissemination among Club members.

Discussion on promotional activities such as the (Lunch) Talk Series and sports activities/tournaments Launch of Regional Dishes at the Log Cabin and new flavors for cakes and pastries Rehabilitation of the pinsetter of the Bowling Alley Recommendation to implement a 2-Step Approval for subsequent construction projects to be undertaken by the Club: 1 ) Request for Project Proposal & Information, and then 2) Request for Design Proposal and Financial Bid. Proposal to use credit cards and implementation of employees’ service charge Ratification of the release of ½ of the 13th-month pay of the employees.

Discussion on the reduction of the Associate Membership Fee Proposal to adopt the Maintain-Improve-Transform (MIT) program in aid of the Club’s operations to enhance its services and implement significant innovations.

21 June 2024 Launch of new dishes for the enjoyment of Club members and guests Presentation of several social events of the Club: 2nd Quarter (Lunch)Talk Series, Grand Lunch Buffet at the Ayala Banquet Hall, and Father’s Day Celebration Discussion on the renovation of the infirmary Discussion and approval on the Top Patrons Rewards Program which aims to recognize members, assignees, and corporate representatives who continuously patronize the club’s facilities and products Approval of the Employees’ Incentive Program Discussion on the improvement of the Beauty Parlor and Barber Shop and presentation of three (3) options to change the working arrangement Presentation of the Performance Appraisal Form/Sheet to evaluate employees’ performance Discussion on the request of the British Club of Bangkok for reciprocity with the Club Procurement of a treadmill Discussion on the proposal to make suitable certain courts at the Tennis Court for Pickleball

Makati (Sports) Club, Inc.

19 July 2024 Presentation of several social events of the Club; holding of the “Philippine Property Market Opportunities and Trends” episode of the (Lunch) Talk Series Launch of the Healthy Corner featuring Mongolian Rice Bowl and other healthy meals; Kiddie Corner; Rainy Day Specials; Zumba Dance Lessons; Massage Sessions; and Board Games at the Sports Hub Request to send invitations via Viber and email to all members to register in the Club’s Viber community chat to facilitate the dissemination of Club information and announcements Discussion and approval on the Performance Bonus to qualified regular Club employees.

Discussion on the Installation of Glass Doors for the comfort rooms at the Bistro Lounge and Club Deli Approval of the installation of tempered glass for the PWD railing Approval of the installation of Stainless Door Freezers.

Update on the improvement of the PWD Ramp and Club Café Function Room Discussion & approval of log cabin renovation Submission of proposals for the renovation of the Log Cabin Report on the hiring/employment of a bowling technician Discussion on the proposal for the installation of solar panels

16 August 2024 Launch of weekend Breakfast Buffet Discussion on the space for rent near the reservations office Discussion on the availment of Maya terminals to allow credit card payment Discussion on the procurement/implementation of the following: Power Pressure Washer; Kitchen Maintenance Tools; and Maintenance of the Aircon Discussion on the request of the British Club of Bangkok for reciprocity, solar panel project, and renovation of the entrance Discussion and approval on the series of investment forums and sports events to be hosted by the Club for the benefit of its members and guests Approval of the procurement of bowling spare parts from Puyat Sports to make all bowling alleys at the Sports Hub operational

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Makati (Sports) Club, Inc. 20 September 2024 Presentation of several social events of the Club: Wellness Talk, Investment Forum entitled, “Navigating Uncertainty with Resiliency”, and “Date Night, Big Night” Discussion on the implementation of Wage Order No. NCR-25 Proposal to engage the services of a Club gardener Report on the proposed Parol Making Contest Approval to allow employees to join the Inter-commercial Basketball Tournament of Brgy.

Bel-Air Approval on the proposal to post personal birthday greetings for members on the Club’s website subject to their consent Approval for the procurement of a Risograph machine from Copylandia and a new highpressure washer from Clean City Approval on the authority of the Club to print invoices in compliance with the requirements of the BIR Discussion on the renovation of the Log Cabin Discussion to engage the services of Maya for credit card payment Report on the launch of the Tennis Team Tournament in October

18 October 2024 Launch of Beerfest activities, Happy Hour Promo in October, and Sizzling Special Lunch Festival Presentation of the following events: Halloween Celebration and “Usapang Lalake” Discussion on the need to hire one (1) more nurse to be compliant with the standards of the Labor Laws Presentation of the results of the first Performance Appraisal Evaluation for Regular Employees Discussion on the requirement for bidders of the renovation of the Log Cabin to present their proposals Proposal and Approval of the grand raffle event for the club’s 50th Anniversary wherein two (2) cars and twenty (20) Php 50,000 will be raffled.

Approval of the Reciprocity Agreement between the Club and the British Club of Bangkok Discussion on the proposal to provide a virtual golf facility at the Club

Makati (Sports) Club, Inc.

15 November 2024 Presentation of the following events: Investment Forum entitled “Why PSEi” and “Creating your Long Term Investment Portfolio”, and the celebration of the American Thanksgiving Agreement to study the compensation package of the nurse Presentation of the usage of the sports facilities, Board Games at the Sports Hub, and the Pavilion Court in the month.

Discussion on the rules and regulations for the use of the Tennis Court Approval of the proposal to promote awareness among Club members of the Club’s projects and activities by presenting the featuring the same on the Club’s electronic billboards/monitors Review the proposals for the renovation of the Log Cabin Decision to award the contract to 5D Urban Builders for the construction of the log cabin for the amount of 9.7 million Update on the proposal to renovate the Beauty Parlor and Barber Shop Creation of an Ad Hoc Committee to review the courses of action to be taken on the PWD Ramp and the options to comply with the mandate of the law Discussion and agreement to conduct further study on the proposal to have covered tennis courts Approval of the proposed implementation of the Senior Citizen’s Discount for the sale of goods and services to members and guests Discussion on various improvement projects based on members’ feedback 18 December 2024 Presentation of the following events: Carol of Bells and Meet-and-Greet with Santa Launch of Japanese Festival, Paskong Pinoy, and Christmas Takeaways Discussion on the updating and revision of the Virtual Tour on the Club’s website Discussion on commencement of the renovation of the Log Cabin Discussion on the proposed increase in service fees for the Beauty Parlor and Barbershop Discussion on the possible expenditure for the renovation of the Barbershop and the Beauty Parlor

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Makati (Sports) Club, Inc. 17 January 2025 Presentation of the following events: Chinese New Year, Member’s Thanksgiving cocktails, New Year’s Toast Launch of Korean Food Festival Approval of the replacement of the Club’s Pest Control provider Approval to produce a storybook featuring the history and milestones of the Club in celebration of the Club’s 50th Anniversary Proposal and approval to implement Automated Sports Reservation System where members may book/reserve the racket sports (tennis, badminton, & pickleball) online Approval to create a special committee to handle the 50th Club Anniversary Proposal to organize a logo-making competition among Club members and employees for the Club’s 50th Anniversary Appointment of the members of the NOMELEC: Mr. Rogelio M. Guadalquiver (Chairman) Dr. Jose S. Sandejas (Vice Chairman) Mr. Roy O. Emata Mr. Isamael L. Melendres, Jr. and Arch. Minerva C. Villarosa

21 February 2025 Presentation of the following events: Valentine’s Dinner Concert Launch of Taste of Asian Cuisine Presentation and approval of Management’s intention for the Club to participate in Bridal Fairs Update on the status of the renovation of the Log Cabin Discovery of severe termite infestation in the roofing of the 5 cabanas of the log cabin Approval of the recommendation to increase the Assignee Fees Discussion on the details for the celebration of the 50th Anniversary Approval on the increase of the fees and rates of the sports facilities by 30%, except for the Pickleball and Badminton courts Announcement of the winning Logo Design for the 50th Anniversary Celebration Approval on the selling of tickets for the club’s 50th Anniversary Allocation of budget for the procurement of plaques of recognition for the foregoing notable members.

5 March 2025 Approval of the Audited Financial Statements for the year ended 2024 Approval of the demolition and reconstruction of the Log Cabin roofing structure, the status of which will be disseminated among the membership 14 March 2025 Launch of Executive Meals and Mediterranean Cuisine Report on the successful events conducted for the years 2024-2025 Implementation of the availment of Maya payment system Allocation of additional funds for the reconstruction of the roofing system of the Log Cabin following the termite infestation recently discovered Discussion on the Souvenir Program for the 50th Anniversary Celebration

Makati (Sports) Club, Inc.

FINANCIAL R E P O R T S

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Makati (Sports) Club, Inc.

FINANCIAL HIGHLIGHTS

Makati (Sports) Club, Inc.

STATEMENT OF MANAGEMENT RESPONSIBILITY FOR FINANCIAL STATEMENTS

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Makati (Sports) Club, Inc.

Scan QR Code to download the Audited Financial Statements.

Makati (Sports) Club, Inc.

Makati (Sports) Club, Inc.

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THE MANAGEMENT TEAM

EXECUTIVE OFFICE RONALDO C. LIMBO General Manager / F&B Manager CHRISTINA ALENA B. GALASI Public Relations Officer

MEMBERSHIP MARIAN N. PUNZALAN Assistant Manager Head of Membership

ADMINISTRATION AND FINANCE JESON G. MARCIAL Accounting Manager

ELLEN Q. GOZAR Purchasing Supervisor

JOANA P. DELFIN Payables Supervisor

CLEOFE H. ROSITO Cost Control Supervisor

JOCELYN C. TAGULAO Head Cashier

CLARINDA H. CAUILAN Payroll Supervisor

JOVEN ANGELES Billing & Collection Supervisor

ALBERTO M. LERMA Consultant/ Repairs and Maintenance / Housekeeping

EGY D. LUMBO MIS Supervisor

HUMAN RESOURCE DEPARTMENT MARILOU T. LUZON Human Resource Supervisor

FOOD & BEVERAGE / RESERVATIONS NELSON B. BRIONES Assistant Manager F&B Production

REGINE KARYL O. ALPEREZ Assistant Manager Head of Reservations

ALMIRO O. ERAÑO Pastry Chef

NICANOR B. CAYANAN, JR. Banquet Supervisor

ARLUZ A. CUADRA F&B Outlet Supervisor

MARILEN S. NISPEROS Reservations Supervisor

MARJHON C. DELA CRUZ F&B Outlet Supervisor KIRBY P. TANJUSAY F&B Production Supervisor

SPORTS AND RECREATION MARY MHEL C. RUADO Sports & Recreation Supervisor

Makati (Sports) Club, Inc.