COMPREHENSIVE CORPORATE DISCLOSURE

The nature and description of the proposed transaction, including the timetable for
implementation, and related regulatory requirements if applicable
Nature and description of the proposed transaction
The Transaction is envisioned to be implemented in two (2) concurrent stages: (i) the acquisition,
purchase and acceptance by the Company from each of the current existing stockholders of
Philab Industries, Inc. (which includes HT Navasero) of all their existing shares in Philab
Industries, as well as all of their other rights and interests thereto, if any ; and (ii) the issuance
by the Company of new shares at par value, either from its unissued capital stock or its increase
in capital stock, to HT Navasero and certain other stockholders of Philab Industries ("Philab
Majority Shareholders"), as well as other new investors, payment for which shall be in cash, to
primarily fund the Company's acquisition of Philab Industries. As a result of the Transaction,
the Company is expected to become the majority and controlling shareholder Philab Industries,
Inc. In turn, HT Navasero shall continue to be the controlling shareholder of the Company but
shall increase his equity shares therein. Further, the other shareholders of Philab Industries
shall acquire shares in the Company and, together with HT Navasero, shall collectively become
majority shareholders of the Company.
Timetable for implementation
Action
1. Approval by the Board of Directors and stockholders of ALT
of the Transaction

Indicative Period

2. ALT and relevant shareholders of Philab Industries to

continue discussions regarding the acquisition of Philab
Industries

Beginning week of 24
October 2016

3. Securing a third party fairness opinion on the valuation of

Philab Industries

Beginning week of 7
November 2016

4. ALT and relevant shareholders of Philab Industries to

finalize agreement regarding the acquisition of Philab
Industries

Beginning week of 7
November 2016

5. Execution of definitive agreements relating to the

acquisition of Sale Shares

Beginning week of 7
November 2016

6. Execution of the relevant Deeds of Subscription covering

the issuance of ALT shares out of the increase in the
authorized capital stock to the Philab Majority
Shareholders at the subscription price equal to the par
value of ALT shares (collectively, the Subscription
Shares)

Beginning week of 14
November 2016

7. Submission of the application for increase in authorized

capital stock with the Securities and Exchange
Commission (SEC)

Beginning week of 14
November 2016

8. Approval by the SEC of the increase in the authorized c apital

stock of the Company

Beginning week of 5
December 2016

9. Issuance of the Subscription Shares to the Philab Majority

Beginning week of 5

20 October 2016

The nature and description of the proposed transaction, including the timetable for
implementation, and related regulatory requirements if applicable
Shareholders, as well as shares to non-related parties
December 2016
(only upon approval by the
("MPO Subscribers") to ensure compliance with the
SEC of the increase in
minimum public ownership requirements of the Philippine
authorized capital stock)
Stock Exchange ("PSE")
10. Payment by the Company of the DST on the original issuance
of shares

Beginning week of 5
December 2016

11. Issuance of the corresponding stock certificates by the

Corporate Secretary of the Company to the Philab Majority
Shareholders and MPO Subscribers

Beginning week of 5
December 2016

12. Issuance of the Certificate Authorizing Registration (CAR)

Beginning week of 12
December 2016

for the transfer of the Sale Shares by the Philab Majority

Shareholders to the Company
13. Issuance of the corresponding stock certificates by the
Corporate Secretary of Philab Industries to the Company

Beginning week of 12
December 2016

Related regulatory requirement

No regulatory approvals are required for the Transaction other than the following:

SEC approval of the increase in authorized capital stock, as well as the other
amendments to its Articles of Incorporation and By-Laws;
Bureau of Internal Revenue (BIR) tax clearance certificate/certificate authorizing
registration which shall evidence the payment of the taxes due, if any, for the transfer of
the Sale Shares by the Philab Majority Shareholders in favor of the Company; and
PSE approval of the application for listing of the Subscription Shares issued in relation
to the Transaction, including the shares to be issued to the MPO Subscribers.