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FILINVEST LAND, INC.
Filinvest Land Inc. (“FLI”) was incorporated on November 24, 1989 as Citation Homes, Inc. and changed its name to FLI on July 12, 1993. FLI began commercial operations in August 1993 after FDC spun off most of its real estate operations and transferred all related assets and liabilities to FLI in exchange for shares of FLI. FLI’s shares were listed on the PSE on October 25, 1993. FDC remains FLI’s largest shareholder. As of December 31, 2018, FDC beneficially owned approximately 59.2% of FLI’s outstanding common shares and all of FLI’s issued and outstanding preferred shares, such that FDC has an effective 69% voting ownership in FLI.