Ayala Land (ALI) AGM 2025 summary

Opening remarks and agenda

• Meeting held virtually in compliance with bylaws, with all key executives and board members present.

• Agenda included compliance confirmation, voting on seven resolutions, management report on 2024 performance, and Q&A.

Corporate governance

• Notice of meeting and information statement distributed via email, website, and print media.

• Quorum established with 86.5% of outstanding shares represented.

Overview of voting outcomes

• All seven resolutions approved, including previous AGM minutes, ratification of board acts, amendment to decrease authorized capital stock, performance shares plan, election of directors, appointment of external auditor, and approval of audited financial statements.

• Amendment to decrease authorized capital stock by PHP 1 billion through retirement of treasury shares approved.

• Performance Shares Plan for employees approved to align incentives with performance.

• Nine directors, including four independent, elected for the new term.

• Isla Lipana & Co. reappointed as external auditor for 2025.