Sta. Lucia Land, Inc. at its Special Meeting of the Board of Directors held on 10 December 2020, approved the authorizing of Corporation to enter into joint ventures with 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, involving the following: 1. Development of a project located in Rizal with an area of 5,745 sq. m.; 2. Development of a project located in Pampanga with an area of 180,719 sq. m.; and 3. Development of a project located in Pangasinan with an area of 67,620 sq. m.