ATOK-BIG WEDGE CO., INC. - Manila

Atok-Big Wedge Company, Inc. (AB), formerly Atok Big Wedge Mining Co., Inc., was incorporated and registered with the Securities and Exchange Commission on September 4, 1931. Since its incorporation, the company engaged in mining as its primary purpose, producing gold as its major product and silver as a by-product. Due to prolonged adverse economic conditions compounded by problems faced by the mining industry, the Board and stockholders of AB redirected the company's corporate primary purpose from mining to general investment, and listed among its secondary purposes, mining, real estate management and development, manufacturing, food products processing, and lending and borrowing money. The Securities and Exchange Commission approved these changes on June 24, 1996. AB subsequently spun  

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off its mining assets to a wholly owned subsidiary mining company, Atok Gold Mining Co., Inc. At present, AB is exploring the possibility of entering into a business venture with local and foreign entities to maximize the potential of its mineral properties and to enhance its earnings in the very near future. It will abide by the principle of sustainable and socially acceptable mineral resources development. Source: SEC Form 17-A (2008)