Item 12. Certain Relationships and Related Transactions

There are no other arrangements pursuant to which any director of the Company was compensated, or is to be compensated, directly or indirectly.

Item 11 - Security Ownership of Certain Record and Beneficial Owners and Management as of December 31, 2020

a.) Security Ownership of Certain Record and Beneficial Owners

The following table sets forth information with respect to a record or beneficial owner directly or indirectly owning more than 5% of the Company’s Capital Stock as of December 31, 2021:

Title of Class Name, Address of record Owner Relationships With the Issuer Name of Beneficial Owner and relationship with the record owner Citizenship No. of Shares Held

Common

Common

Common

TOTAL

PCD Nominee Corp. G/F MSE Bldg., 6767 Ayala Ave., Makati City

House of Investments, Inc. 3rd Flr., Grepalife Building, 221 Sen. Gil J. Puyat Avenue, Makati City

Others Stockholder

Stockholder

PCD Nominee * (Various stockholders)

House of Investments, Inc. (Mr. Lorenzo V. Tan, President and Chief Executive Officer) Filipino Non-Filipino 526,988,465 987,017 92.66% .17%

Filipino 21,805,861 3.83%

Stockholder (Various stockholders) Filipino 18,930,499 3.34%

568,711,842 100.00%

Note: Under PCD account, the following companies owned more than 5%:

i. *RCBC Securities – 293,765,107 or 51.65% of the Company’s outstanding capital stock. The current nominee of RCBC Securities,

Inc..is Mr. Raul M. Leopando. (Under RCBC Securities, Inc. with 5% of the Registrant securities).

a. House of Investments, Inc. – 143,662,864 shares or 25.26% b. RCBC Capital Corporation - 60,978,808 shares or 10.72% c. GPL Holdings, Inc. – 55,218,121 shares or 9.71% d. Others (Various stockholders) – 33,905,314 shares or 5.94%

ii. *RCBC Trust and Investment Division – 64,666,717 or 11.37% of the Company’s outstanding capital stock. RCBC Trust and

Investments are Trust Accounts between RCBC and Beneficial Owners. The corporate acts of RCBC are carried out by its management through the guidance of its Board of Directors. Ms. Helen Y. Dee is the current Chairman of the Company.

iii. *Malayan Insurance Company, Inc. – 30,103,023 or 5.29% of the Company’s outstanding capital stock. The corporate acts of Malayan

Insurance Company, Inc. are carried out by its management through the guidance of its Board of Directors. Mr. Paolo Y. Abaya is the current President and Chief Executive Officer of the Company.

iv. *Others Stockholders under PCD account – 139,440,635 or 24.52%

b.) Security Ownership of Management

The following are the number of shares owned of record by the Board of Directors, the Chief Executive Officer and each of the key officers of the Company and the percentage of shareholdings of each:

Title of Class Name of Beneficial Owner Name and Position Amount and Nature of Beneficial Ownership Citizenship Percent of Class

Common Helen Y. Dee Chairman

Common Milagros V. Reyes President/Director Direct 10,662 Indirect 5,006,574 Filipino 0.88%

Indirect 125,695 Filipino 0.02%

Common Maria Mercedes M. Corrales Independent Director Direct 1 Filipino -

Common Cesar A. Buenaventura Independent Director Direct 1,300 Indirect 272,844 Filipino 0.02%

Common

Common

Common Lorenzo V. Tan Director Direct 1 Filipino -

Yvonne S. Yuchengco Director/Treasurer Indirect 435,956 Filipino 0.08%

Eliseo B. Santiago Independent Director Direct 1 Filipino -