Author name: admin

Philippines, 23 September 2025 – Volunteers composed of department heads from from Belle Corporation (Belle) and Pacific Online Systems Corporation recently partnered with Greenmist Property Management Corporation’s property managers, gardeners and volunteers in a Tagaytay Highlands tree-planting activity and re-affirmed the Company’s strong commitment towards environmental preservation and community resilience. All volunteers planted a total of 70 saplings comprised of banaba, bagras and talisay specie on September 19, 2025 at The Grove at Plantation Hills, Belle’s eco-farming community that promotes a farm-to-table lifestyle at the comfort of one’s own home.  This initiative was part of the One Tree at a Time program, a joint effort of stakeholders in Tagaytay Highlands that aims to plant one million trees in the sprawling estate by 2044, as envisioned by its Founder, Mr. Willy N. Ocier.

With Clark, Pampanga emerging as the next gaming and tourism hub, Belle Corporation (Belle) President and CEO Armin Raquel Santos remains upbeat on the Company’s growth prospects, and bullish on the Philippine gaming market and its resilience despite industry headwinds. In a stock exchange filing in July 2024, Belle said gaming-focused investment companies of 98.26%-owned Premium Leisure Corp. had applied for a gaming license from government regulators to develop an integrated resort in the former American air base. Mr. Raquel Santos added that Belle, through its gaming subsidiaries, continues to explore and pursue related ventures and high-growth opportunities in the gaming space that will enhance shareholder value, while delivering its commitments to all stakeholders. Belle wins Asia Integrated Reporting Award As Belle continues to pursue new avenues of growth for its diverse businesses, it is ever mindful of its commitment to sustainability, good corporate governance, and transparency and accountability. More recently, the Company received the Silver Award in the mid and small-cap companies (SME) category at the 9th Asia Integrated Reporting Awards (AIRA). Mr. Raquel Santos, remarked, “Belle is proud to achieve its first-ever Asian award. This win is a manifestation of our strong commitment to transparent, balanced and accurate reporting. Our shareholders can expect us to continue to operate responsibly, serve our communities and create value.” Regarded as one of the highest recognitions in integrated reporting, this award highlights how Belle, which has been publishing sustainability and integrated reports since 2018, included decision-useful information on governance, strategy performance and its future prospects in reports. In early 2024, Belle also notched its first ever Anvil Award from the Public Relations Society of the Philippines (PRSP) for the same report in the PR Tools: Publications category after undergoing a three-tier judging process and scoring high marks in all criteria by a panel comprised of industry experts from the Philippines and neighboring Southeast Asian countries. About Belle Corporation Belle Corporation (Belle or the Company) is a developer of world-class resort destinations, gaming and leisure properties in the Philippines such as City of Dreams Manila and Tagaytay Highlands. Belle’s integrated resort in PAGCOR’s Entertainment City is being leased on a long-term basis to Melco Resorts and Entertainment (Philippines) Corporation, which holds an operating agreement with Premium Leisure Corp.’s (PLC) wholly owned subsidiary PremiumLeisure and Amusement, Inc. Aside from lease income, the Company earns gross gaming revenues from City of Dreams Manila through its 98.26% ownership in PLC and owns approximately 1.5 hectares of presently undeveloped land from across the site. Belle also owns significant real estate assets in the Tagaytay Highlands, Midlands and Greenlands complexes where it develops premium residential resort projects south of Metro Manila and holds majority proprietary shares in its exclusive club and golf facilities. This year, Belle’s Tagaytay Highlands is celebrating 30 years of redefining mountain resort living. South of Metro Manila, Belle owns significant real estate assets and develops premium residential resort projects around Tagaytay City. Among its exclusive destinations are the club and golf facilities and residential

Belle Corporation (Belle) appointed its Board of Directors for 2024-2025 during the Company’s Annual Shareholders’ Meeting held on May 31, 2024 and livestreamed via Zoom webinar. Ellected to the Board were Willy Ocier as Chairman, Armin Antonio Raquel Santos as President and Chief Executive Officer, Jacinto Ng, Jr., Gregorio Domingo, Atty. Maria Gracia Pulido Tan, Atty. Paquito Ochoa, Jr. and Laurito Serrano. “As we celebrated our Company’s 50th anniversary, I am happy to report our strong 2023 results,” said Mr. Jackson Ongsip, Belle’s former President and Chief Executive Officer during the annual event. Below is the full text of Mr. Ongsip’s report: To our Shareholders, Stakeholders and Guests, good morning and welcome to Belle Corporation’s 2024 Annual Shareholders’ Meeting. 2023 has been a promising year for Belle Corporation. As we celebrated our Company’s 50th anniversary, I am happy to report our strong 2023 results. Belle’s business units remained resilient despite the challenging and competitive operating environment. Our strong performance was largely from our integrated resort business with City of Dreams Manila which is owned and operated by Melco Resorts and Entertainment (Philippines) Corporation. Meanwhile, we continued to maximize our resources and explore opportunities in our legacy real estate business in Tagaytay Highlands. Financial Review In 2023, Belle’s consolidated net income increased by 42% to Php2.4 billion from Php1.7 billion recorded in 2022. Consolidated revenues in 2023 rose by 3% to Php5.6 billion from Php5.4 billion in 2022 driven mainly by our gaming-related ventures. Our gaming revenue share in 2023 at City of Dreams Manila through Belle’s subsidiary, Premium Leisure Corp. or PLC, came in 50% higher to Php2.3 billion from Php1.6 billion in 2022. Meanwhile, Pacific Online Systems Corporation, which is involved in the national gaming lottery sector by leasing online betting equipment and systems to the Philippine Charity Sweepstakes Office for its lottery operations nationwide, also posted higher revenues in 2023 at Php599 million, 15% higher than the Php519 million realized in 2022. The Company’s real estate operations in 2023 for the lease of the land and building occupied by City of Dreams Manila, and real estate sales and estate management services at Tagaytay Highlands tallied at Php2.6 billion in total revenues but 20% lower than Php3.3 billion in 2022. Our Company maintains a strong balance sheet. Total assets stands at Php56 billion, which covers our current liabilities by over 2.1 times, while our long-term debt by almost 2.6 times. We also maintained our conservative total debt-to-equity ratio of 15%. Sustainability Journey Belle is building the foundations to expand our businesses, capture growth opportunities and strengthen commitments to stakeholders. I am proud to report that we recently completed the Tender Offer for Premium Leisure Corp. Effective as of May 9, 2024, Belle now owns approximately 99.55% of PLC’s total issued and outstanding capital stock. Aside from this strategic move, we continue to evaluate opportunities using our 1.5- hectare land adjacent to our City of Dreams Manila integrated resort complex, and plans to develop new sustainable communities in Tagaytay Highlands

Belle Corporation (Belle) President and Chief Executive Officer Jackson Ongsip (front row, left) and Belle volunteers are all thumbs up after getting the cleaning work done at the International Coastal Clean-up Day at the SM By the Bay Central Park on September 16, 2023. For two years in a row, volunteers from Belle Corporation (Belle) participated in the International Coastal Clean-up event held at the SM By the Bay Central Park on September 16, 2023. The Belle contingent was part of the over 17,000 volunteers from different parts of Metro Manila and neighboring provinces who collected a total of more than 100,000 kgs. of waste. Jackson Ongsip, Belle President and Chief Executive Officer, showed his strong support to the annual initiative. He lauded the volunteers who woke up early during their day off to contribute for a good environmental cause. Belle joined other corporates, local government units, non-government organizations, academic institutions and volunteers during this year’s program. Thousands more all over the world joined hands in the campaign towards garbage-free seas and environmental sustainability. Belle’s volunteers The volunteers in action  

  A strong contingent of Belle Kaagapay volunteers came bright and early to support the Brigada Eskwela at Suplang Elementary School held on August 24, 2023. At this year’s Brigada Eskwela held on August 24, 2023, Belle Kaagapay took the annual event up a notch by offering free haircuts to incoming students of Suplang Elementary School in Tanauan City, Batangas. A barber and a hairdresser from the same barangay were engaged to support livelihood opportunities. The elementary students and their parents and teachers are grateful for Belle Kaagapay’s initiative to promote good grooming as they prepare for the start of the school year. Allen Frienth Pamplano, Suplang Elementary School Head Teacher, expressed his appreciation to Belle Corporation’s (Belle) corporate social responsibility arm and the volunteers for helping make the school conducive to learning and development. The volunteers began the day-long lively activities by hosting parlor games for the students. They then re-painted the school facilities and engaged with the stakeholders of the school. Belle Kaagapay volunteers in action Belle’s support of this year’s Brigada Eskwela, which aims to engage all education stakeholders to volunteer and allot resources for the preparation of public schools for class opening, is a re-affirmation of the Company’s advocacy towards education and community empowerment and is part of its 50th anniversary celebration.