News

Notice of Annual Stockholders Meeting

NOTICE OF ANNUAL STOCKHOLDERS’ MEETING

OF

BALAI NI FRUITAS INC.

Please take notice that the 2024 Annual Stockholders’ Meeting (“ASM”) of Balai Ni Fruitas Inc. (the “Company”) will be held on 13 August 2024 (Tuesday) at 2:00 pm via remote communication.

The Agenda for the ASM shall be as follows:

  1. Call to order
  2. Certification of service of notice and presence of quorum
  3. Reading and approval of the minutes of the last Annual Meeting of Stockholders held on 15 August 2023
  4. Ratification of all acts and resolutions of the Board of Directors and Management from the date of the last annual stockholders’ meeting until the date of this meeting
  5. Presentation of the President’s Report
  6. Management Report and Approval of Audited Financial Statements for the year 2023
  7. Election of the members of the Board of Directors, including the Independent Directors, for the year 2024
  8. Appointment of External Auditors
  9. Other Matters
  10. Adjournment

                The Minutes of the 2023 ASM is available for examination on the website of the Company at www.Balainifruitas.com.

                The record date shall be on 16 July 2024 for the purpose of determining the list of stockholders of the Corporation who are entitled to vote in the 2024 ASM. The Company will allow attendance by stockholders only by remote communication and voting in absentia, subject to validation procedures, though the directors will be at 3961 Ramon Magsaysay Boulevard, Sta. Mesa, Metro Manila for the conduct of the meeting.

                Stockholders who will participate in the 2024 ASM by remote communication should send an e-mail indicating their intent to participate to IPO.Compliance@balainifruitas.com. They will then be sent a link to a registration form requiring certain information and documentation. Upon their successful completion of the registration form, they will receive an e-mail invitation with a complete guide on how to join the ASM and how to cast votes in absentia.  Registration and voting must be accomplished by 06 August 2024.  Proxies, in the form provided by the Company, however, must be scanned and emailed to the Company’s Corporate Secretary at IPO.Compliance@balainifruitas.com not later than 08 August 2024. The proxies shall be validated by 08 August 2024. The Corporate Secretary’s decision shall be final and binding on the shareholders, and those not settled during the proxy validation shall be deemed waived and may no longer be raised.  WE ARE NOT, HOWEVER, SOLICITING PROXIES.

For any registration concerns, please contact IPO.Compliance@balainifruitas.com. Please refer to the Definitive Information Statement (“DIS”) on the guidelines on attendance by remote communication and voting in absentia. The DIS is posted on the website of the Company at https://www.balainifruitas.com/. Only stockholders who have successfully registered within the prescribed period, together with the stockholders who voted in absentia and by proxy, will be included in the determination of quorum.

                Stockholders may send their questions about the ASM and the Company to IPO.Compliance@balainifruitas.com.

                Pursuant to SEC Notice dated February 23, 2024, the Stockholders may examine the Definitive Information Statement, Management Report, and SEC Form 17A at the Company’s website and through the PSE Edge Portal.

There will be an audio and video recording of the ASM.  All votes cast shall be validated by the Stock and Transfer Agent, The Philippine National Bank Trust Banking Group.

Quezon City, Philippines, June 20, 2024.

For the Board of Directors,

   (originally signed)

MARVIN C. YU

            Corporate Secretary