Annual Stockholders’ Meeting

ANNOUNCEMENT

Notice is hereby given that the virtual Annual Stockholders’ Meeting (ASM)of Benguet Corporation (the “Company”) will be held on Tuesday, November 18, 2025 at 3:00 p.m. at the Company’s Board Room, 7th Floor Universal Re Building, 106 Paseo de Roxas, 1226 Makati City, Philippines.

The Company will not hold a physical meeting but will conduct the ASM virtually via online/remote communications.

The agenda of the meeting provides, among others:

Approval of Minutes of the Annual Stockholders’ Meeting held on December 20, 2024;
Approval of Management Report and Audited Financial Statements for 2024;
Approval of the extension of term/retention of Dr. Bernardo M. Villegas as Independent Director;
Approval of the increase in Authorized Capital Stock and the corresponding amendments to Article Seventh of the amended Articles of Incorporation and Article I, Section 1 of the amended By-Laws of the Company;
Approval of the declassification of Common Class “A” and “B” shares and the corresponding amendments to Article Seventh of the amended Articles of Incorporation and Article I, Section 1 and Article III, Sections 5 and 6 of the amended By-Laws of the Company;
Approval of 25% stock dividend;
Approval of re-appointment of Sycip Gorres Velayo and Company (SGV) as the Company’s independent external auditor;
Ratification of all acts, contracts, investments, resolutions and proceedings made and entered into by Management and/or the Board of Directors during the period from December 20, 2024 until the date of the 2025 Annual Stockholders’ meeting;
Election of eleven (11) shareholders to serve as members of the Board of Directors (including Independent Directors) for the ensuing year; and
Such other matters as may properly come before the meeting or any adjournment thereof.  

Stockholders intending to participate in the meeting via remote communication and exercise their right to vote in absentia should first register and be authorized on or before November 11, 2025 thru Company’s website https://benguetcorp.com/investor-relations/annual-stockholders-meeting/. Stockholders should submit a scanned copy of a valid government-issued identification card (ID) for registration and verification purposes. Indirect stockholders should submit their broker’s certification of shareholding. Stockholders whose registration is validated will receive an email containing the meeting ID and password. Stockholders who cannot attend by remote communication can still be represented and vote at the meeting by submitting a proxy. A copy of the proxy form containing instruction on each item on the Agenda that requires stockholders vote is downloadable in the Company’s website: https://benguetcorp.com/investor-relations/annual-stockholders-meeting/.

The Information Statement (SEC Form 20-IS) with the Management Report and other pertinent documents, the Annual Report 2024 (SEC Form 17-A) with 2024 Sustainability Report and the Audited Financial Statements for the year ended December 31, 2024, and the 2025 Second Quarter Report (SEC Form 17Q) as filed with the SEC and PSE are available for downloading at the Company’s website www.benguetcorp.com and in the online system of PSE Edge Portal https://edge.pse.com.ph.

By authority of the Board of Directors

(Sgd.) HERMOGENE H. REAL

      Corporate Secretary