Century Properties Group stockholders approve a strategic merger with PHirst Park Homes

Century Properties Group Inc. (CPGI) announced that its stockholders unanimously approved the strategic merger between CPGI and its affordable housing arm, PHirst Park Homes Inc. (PPHI), with CPGI as the surviving entity.

The approval was granted during the Company’s Annual Stockholders’ Meeting held on July 24, 2026, where stockholders representing 83.82% of the total outstanding capital stock (9.72 billion shares) were present in person or by proxy.

The merger, executed pursuant to the Revised Corporation Code of the Philippines, consolidates CPGI’s position in the Philippine real estate market by fully integrating PPHI’s affordable and mid-income housing operations directly under the parent corporation.

To support the transaction and future growth initiatives, stockholders approved significant amendments to CPGI’s Articles of Incorporation:

• Authorized Capital Stock Increase: The Company’s authorized capital stock will expand from ₱9.54 Billion (15 billion common shares and 3 billion preferred shares at ₱0.53 par value) to ₱12.19 Billion (20 billion common shares and 3 billion preferred shares at ₱0.53 par value).

• Treasury Share Retirement Provision: The amended articles now grant the Board of Directors explicit authority to retire and cancel any treasury shares acquired through corporate restructurings, mergers, or consolidations, streamlining capital efficiency without requiring additional stockholder votes.

• Digital Transformation Mandate: Stockholders approved an update to Article II (Secondary Purposes) allowing CPGI to acquire, maintain, and operate information technology systems and digital platforms across its real estate development, sales, leasing, and property management divisions.

During the meeting presided over by Chairman Jose E.B. Antonio, stockholders also approved and ratified key annual corporate business:

1. 2025 Financial Performance: Approval of the President’s Management Report and the Audited Financial Statements for fiscal year 2025.

2. Ratification of Board Acts: Unanimous confirmation of all legal acts, contracts, and proceedings executed by the Board of Directors and officers since June 27, 2025.

3. Election of Board of Directors: Re-election of the 11-member Board of Directors for the ensuing term:

   • Jose E.B. Antonio

   • John Victor R. Antonio

   • Jose Marco R. Antonio

   • Jose Carlo R. Antonio

   • Ricardo P. Cuerva

   • Rafael G. Yaptinchay

   • Hilda R. Antonio

   • Aileen Christel U. Ongkauko (Independent Director)

   • Arthur N. Aguilar (Independent Director)

   • Josue A. Camba Jr. (Independent Director)

   • Senen L. Matoto (Independent Director)