I- HISTORICAL SKETCH OF THE COMPANY AND COMPANY’S LOGO

1.1 Universal Robina Corporation (URC) traces its beginnings all the way back to 1954. John Gokongwei was doing very well then as a trader/importer. He had learned the trade when his father died before the war, and had worked hard through the war and postwar years to prosper. However, while he thrived, he took a long hard look at his company, and correctly predicted that trading would remain a low-margin business. On the other hand, a successful manufacturer controlling its own production and distribution would command more profitable margins. Mr. John decided to construct a corn milling plant to produce glucose and cornstarch, Universal Corn Products (UCP), the first linchpin of the company that would become the URC we know today.
For a time, business was good. However, Mr. John was still looking ahead, working with an eye towards the future. While the business was doing very well, it was producing essentially a commodity, which a customer could easily access elsewhere. To stay ahead in the game, Mr. John had to diversify by producing and marketing his own branded consumer foods, similar to the multinational companies in the country like Nestle and Procter & Gamble. In a sense, he wanted to put up the first ‘local’ MNC, borne out of their best practices.
Thus, in 1961, Consolidated Food Corporation was born. Their first ‘home run’ product was Blend 45, the first locally-manufactured coffee blend, dubbed as the “Pinoy coffee”. This became the largest-selling coffee brand in the market, even beating market leaders Café Puro and Nescafe.
After coffee came chocolates. Nips, a panned chocolate was a staple of Filipino childhood. In 1963, Robina Farms started operations, beginning with poultry products. This was also the beginning of the vertical integration of the Gokongwei businesses, as the farms would be able to purchase feeds from UCP in the future. Later that decade, Robichem Laboratories would be put up, to cater to the veterinary needs of the farms businesses. Robina Farms expanded as it entered the hogs business in the latter part of the 70s.
1966 saw the establishment of Universal Robina Corporation, which pioneered the salty snacks industry through Chiz Curls, Chippy, and Potato Chips, under the “Jack ‘n Jill” brand. Other snack products would follow over the years, as the company successfully introduced market leaders like Pretzels, Piattos, and Maxx.
The coming decades saw more acquisitions and expansion. In the early 1970s, the family entered the commodities business through the formation of Continental Milling Corporation, for flour milling and production. The late 1980s brought the acquisition of three sugar mills and refineries, under URC Sugar. These two businesses provided stable cash flows, and allowed for further vertical integration in the supply chain, to help URC weather any volatility in the cyclical commodities markets. In line with this strategy, the late 1990s saw the entry of URC into the plastics business, through URC Packaging.

1.2 John Gokongwei, Founder and Chairman Emeritus
1.3 Universal Robina Corporation’s focus is to help improve the quality of life through building sustainable communities for the less fortunate, and supporting activities that contribute to education and youth development.

II- NATURE OF BUSSINES
2.1 Confectionery, Snack foods, Grocery and convenience foods, Beverage
2.2 URC’s Commodity Foods Group is engaged in flour and sugar milling and distribution, and sells its products to commercial and institutional accounts
2.3 The company supports projects such as storytelling sessions, which are spearheaded by public and provincial libraries. URC participates in a yearly project

III- ORGANIZATIONAL SET-UP OF THE COMPANY
URC Flour produces and sells Hard and Soft Wheat Flour to both commercial and institutional accounts. The division also supplies the local and export flour requirements of the URC Branded Consumer Food Group and URC International respectively. Other product offerings are flour-milling by-products such as wheat germ, bran and pollard.The company also manufactures and sells spaghetti and macaroni products under the brand name EL REAL and toll manufactures for other food companies.URC Flour has a total flour milling capacity of 1,550 metric tons per day.
URC Sugar operates 4 sugar mills and 3 refineries in Luzon and Visayas, and is among the largest sugar millers/refiners in the country.URSUMCO (Negros Oriental), SONEDCO (Negros Occidental), and CARSUMCO (Cagayan Valley) provide sugar cane milling and refining services, trades raw sugar and sells refined sugar and molasses. PASSI (Iloilo) provides sugar cane milling services and trades raw sugar and molasses.URC Sugar has a total sugar milling capacity of approximately 29,000 tons of cane per day. It also has a sugar refining capacity of approximately 32,000 50-kg bags of sugar per day.

IV- ORGANIZATIONAL CHART
John Gokongwei
Founder and Chairman Emeritus
James L. Go
Chairman and Chief Executive Officer of URC
Lance Y. Gongwei
President and Chief Operating Officer
Patrick Henry C. Go
Director and Vice President

Independent Directors

Wilfrido E. Sanchez
Pascual Guerzon

Senior Officers
Bienvenido S. Bautista – Executive Vice President, URC-BCFG and URC Indonesia
Patrick O. Ng – Executive Vice President, URC International
BJ M. Sebastian – Senior Vice President – Chief Strategist
Constante T. Santos – Senior Vice President – Corporate Controller
Nicasio L. Lim – Senior Vice President – Corporate Human Resources
Geraldo N. Florencio – First Vice President - Controller
Ester T. Ang – Vice President - Treasurer
Rosalinda F. Rivera – Corporate Secretary

V- JOB DESCRIPTION AND SPECIFICATION OF THE PRINCIPAL IN THE COMPANY

John L. Gokongwei, Jr. founded URC in 1954 and has been the Chairman Emeritus of URC effective January 1, 2002. He had been Chairman of the Board until his retirement and resignation from this position effective December 31, 2001. He continues to be a member of URC’s Board and is the Chairman Emeritus of JG Summit and certain of its subsidiaries. He also continues to be a member of the Executive Committee of JG Summit. He is currently the Chairman of the Gokongwei Brothers Foundation, Inc., Deputy Chairman and Director of United Industrial Corporation, Ltd. and Singapore Land, Ltd., and a director of JG Summit Capital Markets Corporation, Digital Telecommunications Phils., Inc., Oriental Petroleum and Minerals Corporation, First Private Power Corporation and Bauang Private Power Corporation. He is also a non-executive director of A. Soriano Corporation and Philex Mining Corporation. Mr. Gokongwei received a Master’s degree in Business Administration from De La Salle University and attended the Advanced Management Program at Harvard Business School.