The Regular Meeting of the Stockholders of San Miguel Properties, Inc. will be held on Wednesday, May 8, 2024 at 3:15 P.M. via remote communication through a video conference.

Due to safety protocols in view of the advanced age of most of the members of the Board of Directors and health concerns, the Company Board of Directors has approved, in its March 4, 2024 meeting, that the Company and its Stockholders will conduct the meeting via remote communication.

The Agenda of said Meeting reads as follows:

1. Certification of Notice and Quorum

2. Approval of the Minutes of the Annual Stockholders’ Meeting held on May 10, 2023

3. Presentation of Annual Report

4. Ratification of Acts and Proceedings of the Board of Directors and Corporate Officers

5. Approval of the following:

5.1. Amendment of Articles of Incorporation to Increase the Authorized Capital Stock by PhP2,000,000,000.00, from PhP15,000,000,000.00, divided into 1,500,000,000 shares to PhP17,000,000,000.00, divided into 1,700,000,000 shares;

5.2. Subscription of San Miguel Corporation to 50,000,000 shares of the Company for a subscription price at PhP20.00 per share.

6. Appointment of External Auditors

7. Election of the Board of Directors

8. Other Matters

9. Adjournment

A copy of the Minutes of the Annual Stockholders’ Meeting held on May 10, 2023 is included in the Definitive Information Statement (the “DIS”) and can be viewed at The full version of the Company’s DIS with its annexes, including Management’s Discussion and Analysis of Financial Position and Financial Performance and 2023 Audited Consolidated Financial Statements may likewise be accessed through the Company’s website.

Stockholders intending to attend the meeting via zoom should notify the Company by email to and by April 23, 2024 at 12 noon. Invitations to the zoom meeting and link to the livestream shall be sent to the email addresses provided by the stockholders upon confirmation of their attendance to the meeting.

Votes will be cast through ballots or proxies. The deadline for the submission of proxies is on April 23, 2024. For your convenience, a sample of a ballot/proxy is attached to this Definitive Information Statement. For individual/s, ballot/s or proxy/ies must be accompanied by a valid government-issued ID with a photo. For corporations, proxy/ies shall be accompanied by a Corporate Secretary’s certificate on the authorization of its representative. Proxies need not be notarized. Validation of ballots and proxies will be on April 30, 2024 at 2:00 p.m. at the office address of the SMC Stock Transfer Service Corporation at 2nd floor, SMC Head Office Complex, 40 San Miguel Avenue, Mandaluyong City 1550.

Questions and comments to the Board of Directors and/or Management may be sent in advance by email to and



Corporate Secretary