C05091-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jun 29, 2023
2. SEC Identification Number
ASO94-03992
3. BIR Tax Identification No.
003-871-592
4. Exact name of issuer as specified in its charter
Global Ferronickel Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Penthouse, Platinum Tower, Asean Ave. cor. Fuentes St., Aseana, Parañaque City Postal Code 1701
8. Issuer's telephone number, including area code
(02) 8519 7888
9. Former name or former address, if changed since last report
n.a.
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares Common Shares
11. Indicate the item numbers reported herein
9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Global Ferronickel Holdings, Inc.FNI

PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Annual Stockholders Meeting held on June 29, 2023
Background/Description of the Disclosure

Following are the results of Annual Stockholders’ Meeting of Global Ferronickel Holdings, Inc. (“FNI”) held on June 29, 2023 via videoconference:

I. Approval of the Minutes of the Annual Stockholders' Meeting dated June 29, 2022;

II. Approval of the Company's Audited Financial Statements and Annual Report as of December 31, 2022;

Aside from the presentation of the results of the 2022 business operations, it was also mentioned in the President’s Report that FNI’s strategic plans encompass several key areas aimed at enhancing growth, value creation, and diversification.

First, there is a focus on expanding the nickel resource base. By investing in exploration and development activities, FNI aims to increase its access to nickel reserves, ensuring a sustainable supply for future operations. This strategic move aligns with the growing demand for nickel in various industries, particularly in the context of the transition to cleaner energy and electric mobility.

In addition to expanding the resource base, the company plans to venture into value-added processing. This includes the establishment of a ferronickel processing plant and nickel matte processing facility. These processing capabilities enable the company to enhance the value of its nickel products by transforming them into higher-grade materials that cater to specific industry needs. The establishment of a battery-grade nickel plant and a steel plant signifies the company's commitment to capitalizing on emerging opportunities in the electric vehicle and infrastructure sectors.

Another strategic plan involves the expansion of the logistics business in Mariveles. This expansion includes the development of warehousing facilities and container terminal services. By enhancing its logistics capabilities, the company aims to improve efficiency, reduce costs, and strengthen its position as a reliable provider of integrated services throughout the supply chain.
Lastly, FNI plans to diversify its operations by venturing into cement manufacturing. This involves the production of limestone, clinker, and other key materials used in the cement industry. This enables the company to tap into the construction and infrastructure sectors, which offer significant growth potential.

It was also shared a new Vision and Mission that “In all business we engage in, our vision is to be a world class group of companies with a broad range of pioneering development options, enabling shared values and prosperity to all its stakeholders and contributing to sustainable national development.

And moving with new Mission as: “We are a world class mining company providing metals and minerals that are essential ingredients for greener, more sustainable products required in almost every aspect of everyday life. We carry out our activities in an environmentally, socially & financially responsible manner for the benefit of the nation, the communities where we operate, our employees, customers, and other stakeholders.”

III. Election of the following directors of FNI for the ensuing year:

1. Joseph C. Sy
2. Dante R. Bravo
3. Gu Zhifang
4. Dennis Allan T. Ang
5. Mary Belle D. Bituin
6. Francis C. Chua
7. Jennifer Y. Cong
8. Noel B. Lazaro
9. Edgardo G. Lacson - Independent Director
10. Sergio R. Ortiz-Luis Jr. - Independent Director

IV. Ratification of acts of the Board of Directors and proceedings of the Board of Directors, Board Committees and management

V. Reappointment of Sycip Gorres Velayo & Co. as the external auditor of FNI for the ensuing year.
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Joseph C. Sy (see addtl info below for indirect shares) 5,019,049 0 Mr. Joseph Sy is a majority stockholder in Blue Eagle Elite Ventures, Inc, Ultimate Horizon Capital, Inc., & Sohoton Synergy, Inc. & has nominal shares in Great South Group Ventures, Inc. & Red Lion Fortune Group, Inc. Based on this, Mr. Sy has indirect shares of approximately 2,201,508,705
Dante R. Bravo 25,271,947 0 N/A
Gu Zhifang 1 0 N/A
Dennis Allan T. Ang 16,000,000 0 N/A
Mary Belle D. Bituin 1,630,524 0 N/A
Francis C. Chua 350 0 N/A
Jenny Y. Cong 225,812 0 N/A
Noel B. Lazaro 4,192,733 0 N/A
Sergio R. Ortiz-Luis Jr. 1 0 N/A
Edgardo G. Lacson 1 0 N/A
External auditor Sycip Gorres Velayo & Co
List of other material resolutions, transactions and corporate actions approved by the stockholders

Following are the results of Annual Stockholders’ Meeting of Global Ferronickel Holdings, Inc. (“FNI”) held on June 29, 2023 via videoconference:

I. Approval of the Minutes of the Annual Stockholders' Meeting dated June 29, 2022;

II. Approval of the Company's Audited Financial Statements and Annual Report as of December 31, 2022;
Aside from the presentation of the results of the 2022 business operations, it was also mentioned in the President’s Report that FNI’s strategic plans encompass several key areas aimed at enhancing growth, value creation, and diversification.

First, there is a focus on expanding the nickel resource base. By investing in exploration and development activities, FNI aims to increase its access to nickel reserves, ensuring a sustainable supply for future operations. This strategic move aligns with the growing demand for nickel in various industries, particularly in the context of the transition to cleaner energy and electric mobility.

In addition to expanding the resource base, the company plans to venture into value-added processing. This includes the establishment of a ferronickel processing plant and nickel matte processing facility. These processing capabilities enable the company to enhance the value of its nickel products by transforming them into higher-grade materials that cater to specific industry needs. The establishment of a battery-grade nickel plant and a steel plant signifies the company's commitment to capitalizing on emerging opportunities in the electric vehicle and infrastructure sectors.

Another strategic plan involves the expansion of the logistics business in Mariveles. This expansion includes the development of warehousing facilities and container terminal services. By enhancing its logistics capabilities, the company aims to improve efficiency, reduce costs, and strengthen its position as a reliable provider of integrated services throughout the supply chain.

Lastly, FNI plans to diversify its operations by venturing into cement manufacturing. This involves the production of limestone, clinker, and other key materials used in the cement industry. This enables the company to tap into the construction and infrastructure sectors, which offer significant growth potential.

It was also presented a new Vision that “In all business we engage in, our vision is to be a world class group of companies with a broad range of pioneering development options, enabling shared values and prosperity to all its stakeholders and contributing to sustainable national development.

And a new Mission as: “We are a world class mining company providing metals and minerals that are essential ingredients for greener, more sustainable products required in almost every aspect of everyday life. We carry out our activities in an environmentally, socially & financially responsible manner for the benefit of the nation, the communities where we operate, our employees, customers, and other stakeholders.”

III. Election of the following directors of FNI for the ensuing year:

1. Joseph C. Sy
2. Dante R. Bravo
3. Gu Zhifang
4. Dennis Allan T. Ang
5. Mary Belle D. Bituin
6. Francis C. Chua
7. Jennifer Y. Cong
8. Noel B. Lazaro
9. Edgardo G. Lacson - Independent Director
10. Sergio R. Ortiz-Luis Jr. - Independent Director

IV. Ratification of acts of the Board of Directors and proceedings of the Board of Directors, Board Committees and management

V. Reappointment of Sycip Gorres Velayo & Co. as the external auditor of FNI for the ensuing year.
Other Relevant Information

Amended to have the correct attachment and include forward-looking statement.

Forward-Looking Statements:
This disclosure may contain forward-looking statements which are subject to a number of risks and uncertainties that could affect the Company's business and results of operations. Although the Company believes that the expectations reflected in this disclosure are reasonable, it gives no guarantee of future performance, actions, or events.
Filed on behalf by:
Name Eveart Grace Pomarin-Claro
Designation Corporate Secretary and Alternate Corporate Information Officer