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Preliminary Prospectus for Initial Public Offering

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Preliminary Prospectus for Initial Public Offering

The offering information on this Web site is intended to be available only to Philippine and non-Philippine citizens residing in the Philippines or corporations or judicial entities organized and existing under Philippine law, and is not intended for distribution outside the Philippines. The information contained in this Web site may not be published or distributed, directly or indirectly, in the United States and this information does not constitute an offer of Offer Shares for sale in the United States. The Offer Shares described in the draft prospectus have not been, and will not be, registered under U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the Offer Shares are so registered or an exemption from the U.S. registration requirements is available. There will be no public offer of the Offer Shares mentioned herein in the United States.