Sta. Lucia Land, Inc. at its Special Meeting of the Board of Directors held on 10 December 2020, approved authorizing the Corporation to acquire the following: A parcel of land located in Bulacan with an area of 13,567 sq.m.; Parcels of land located in Batangas with a total area of 76,160 sq.m; A parcel of land located in San Pablo City with an area of 9,594 sq.m.; and A parcel of land located in Laguna with an area of 26,971 sq.m. The board also approved the authorizing the Corporation to acquire a parcel of land located in Rizal with an area of 168,379 sq.m. from Sta. Lucia Realty & Development, Inc., the terms of which were duly reported to, and approved by, the Related Party Transactions Committee pursuant to the Corporation's Material Related Party Transactions Policy.