PAL : Results of Organizational Meeting of Board of Directors

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) May 26, 20222. SEC Identification Number PW-943. BIR Tax Identification No. 000-707-9224. Exact name of issuer as specified in its charter PAL Holdings, Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay CityPostal Code13078. Issuer's telephone number, including area code [phone]9. Former name or former address, if changed since last report Not Applicable10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	11,610,978,242

11. Indicate the item numbers reported herein Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Organizational Meeting of the Board of Directors

Background/Description of the Disclosure

26 May 2022 DISCLOSURE DEPARTMENT THE PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City Attention: MS. ALEXANDRA D. TOM WONG OIC-Head, Disclosure Department Gentlemen: Please be informed that at the Annual Stockholders' Meeting of the Company held today, 26 May 2022, via Remote Communication, the Shareholders passed upon and approved the following: 1. The Minutes of the Previous Meeting held on 25 November 2021; 2. The Management Report For The Year 2021; 3. Confirmed and Ratified All Acts and Resolutions of the Board of Directors and Management since the 2021 Annual Stockholders' Meeting; 4. The Election of the following as Directors of the Company, to serve as such for the ensuing year and/or until their successors shall have been elected and qualified: Dr. Lucio C. Tan Chairman Carmen K. Tan Director Lucio C. Tan III Director Sheila T. Pascual Director Stanley K. Ng Director Junichiro Miyagawa Director Johnip G. Cua Independent Director Jerome S. Tan Independent Director 5. Appointment of the Auditing Firm Sycip Gorres Velayo & Co. (SGV & Co.) as External Auditor For The Year 2022-2023. Likewise, at the Organizational Meeting of the Board of Directors held immediately thereafter, the following matters were approved: 1. Appointment of the following Officers to the positions opposite their names, to serve as such for the ensuing year and/or until their successors shall have been elected and qualified: Dr. Lucio C. Tan Chairman and CEO Lucio C. Tan III Vice President Juanita T. Tan Lee Treasurer Ma. Cecilia L. Pesayco Corporate Secretary Susan T. Lee Chief Finance Officer and Chief Compliance Officer 2. Appointment of Members of the Board to the various committees as follows: EXECUTIVE COMMITTEE Chairman: DR. LUCIO C. TAN Members: LUCIO C. TAN III SHEILA T. PASCUAL STANLEY K. NG JOHNIP G. CUA AUDIT AND RISK MANAGEMENT COMMITTEE Chairman JOHNIP G. CUA Members LUCIO C. TAN III SHEILA T. PASCUAL JEROME S. TAN COPRORATE GOVERNANCE COMMITTEE Chairman JEROME S. TAN Members LUCIO C. TAN III SHEILA T. PASCUAL JOHNIP G. CUA NOMINATION AND COMPENSATION COMMITTEE Chairman DR. LUCIO C. TAN Members: CARMEN K. TAN SHEILA T. PASCUAL JOHNIP G. CUA We trust that you will find the foregoing in order. Very truly yours, PAL HOLDINGS, INC. By: MA. CECILIA L. PESAYCO Corporate Secretary

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person	Position/Designation	Shareholdings in the Listed Company	Nature of Indirect Ownership
Direct	Indirect
Dr. Lucio C. Tan	Chairman and CEO	1,993,726	-	-
Lucio C. Tan III	Vice President	450	-	-
Juanita T. Tan Lee	Treasurer	-	-	-
Ma. Cecilia L. Pesayco	Corporate Secretary	-	-	-
Susan T. Lee	Chief Finance Officer and Compliance Officer	-	-	-

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
Executive Committee	Dr. Lucio C. Tan	Chairman
Executive Committee	Lucio C. Tan III	Member
Executive Committee	Sheila T. Pascual	Member
Executive Committee	Johnip G. Cua	Member
Executive Committee	Stanley K. Ng	Member
Audit and Risk Management Committee	Johnip G. Cua	Chairman
Audit and Risk Management Committee	Lucio C. Tan III	Member
Audit and Risk Management Committee	Sheila T. Pascual	Member
Audit and Risk Management Committee	Jerome S. Tan	Member
Corporate Governance Committee	Jerome S. Tan	Chairman
Corporate Governance Committee	Lucio C. Tan III	Member
Corporate Governance Committee	Sheila T. Pascual	Member
Corporate Governance Committee	Johnip G. Cua	Member
Nomination and Compensation Committee	Dr. Lucio C. Tan	Chairman
Nomination and Compensation Committee	Carmen K. Tan	Member
Nomination and Compensation Committee	Johnip G. Cua	Member
Nomination and Compensation Committee	Sheila T. Pascual	Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors

None.

Other Relevant Information

None.

Filed on behalf by:

Name	Ma. Cecilia Pesayco
Designation	Corporate Secretary