CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

Philex Mining Corporation is dedicated to doing business in accordance with the highest standards of ethics and adhere to sound corporate governance practices.

CORPORATE GOVERNANCE CONFIRMATION STATEMENT

As a publicly-listed Philippine company, Philex Mining Corporation (PMC) conforms to the corporate governance rules, requirements, and regulations of the Philippine Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). The Company is committed to the highest standards of corporate governance and continues to benchmark its procedures against internationally-recognized best practices. To ensure constant improvement, PMC monitors developments in corporate governance to uphold the Company’s corporate governance framework, processes, and practices in accordance to global standards.

The Company also advocates an ethical corporate culture guided by its core values of integrity, teamwork, respect for individuals, work excellence, and corporate social and environmental responsibility. In relation to this, PMC has adopted a Revised Manual on Corporate Governance (RMCG), which was completed and approved by the Board on May 30, 2017, substantially adopting the SEC-issued Code of Corporate Governance for Publicly- Listed Companies (“Corporate Governance Code”).