At the Special Meeting of the Board of Directors of Sta. Lucia Land, Inc. held on 12 March 2021, approved to enter into joint ventures involving the following: Development of a project located in Rizal with an area of 5,866 sq.m.; development of a project located in Davao del Sur with an area of 10,000 sq.m.; development of a project located in Lapu-Lapu City with an area of 71,047 sq.m; and development of a project located in Batangas with an area of 216,787 sq.m. The board also approved to enter into joint ventures with Sta. Lucia Realty & Development, Inc., the terms of which were duly reported to, and approvedby, the Related Party Transactions Committee pursuant to the Corporation's Material Related Party Transactions Policy, involving the following: Development of a project located in Cavite with an area of 39,076 sq.m.; development of a project located in Rizal with an area of 526,270 sq.m.; and development of projects located in Batangas with a total area of 427,952 sq.m.