CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.

Incorporated in 1958, Chemical Industries of the Philippines, Inc. (CIP) serves as the parent company of LMG Chemicals Corporation, CAWC, Inc. and Perfumeria Espanola Corporation. CIP has three divisions under its own corporate structure, namely, the management support services division, which provides a full range of management services to the Chemphil Group; the office space leasing division, which is in the business of leasing available spaces in the Chemphil building to the companies of the Chemphil Group; and the investment division, which oversees the implementation of both long-term and the short-term strategies of investee companies of the Chemphil Group. The company and its subsidiaries sell their products mainly to detergent, beverage and car battery manufacturers, firms in  

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the food, ceramics and paper industries, water concessionaires and the consumer market for its personal care products. Other companies associated with CIP are Chemphil Manufacturing Corporation and Kemwater Phil. Corporation. Source: SEC Form 17-A (2008)