WHALE TAIL LENDING SERVICES INC.

Securities and Exchange Commission Republic of the Philippines Department of Finance 9AGONGPILIP JMA FINANCING AND LENDING COMPANIES DEPARTMENT IN THE MATTER OF: FinLenD ORDER No.2025- 26 Email Address: whaletalelending@gmail.com Authority No. 3462) WHALE TAILLENDING SERVICES INC. (SEC Reg. No CS202105682 and Certificate of FOR: OPERATE AS ALENDING COMPANY FOR 2022 OR THE IMPLEMENTATION OF BANGKO REVOCATION OF CERTIFICATE OF AUTHORITYTO CONTINUOUSLY FAILING TO COMPLY WITH SEC MEMORANDUM CIRCULAR NO.03, SERIES OF SENTRAL NG PILIPINAS CIRCULAR NO.1133 Respondent. RATES AND OTHER FEES CHARGED BY LENDING SERIES OF 2021 ON THE CEILING/S ON INTEREST ONLINE LENDING PLATFORMS COMPANIES,FINANCING COMPANIES,AND THEIR X TO: WHALE TAIL LENDING SERVICES INC. Greetings! Please take notice that on 19 May 2025, an ORDER, copy hereto attached, was filed and emailed to you in advance referring to the above-entitled case; the original of which is file with the Commission. Please acknowledge receipt hereof. 19 May 2025, Makati City. AA ATTY.KENNETH JOY A.QUIMIO OicDirector Scan the QR to verify the document Securities and Exchange Commission Republic of the Philippines Department of Finance FINANCING AND LENDING COMPANIES DEPARTMENT IN THE MATTER OF: FinLenD ORDER No. 2025 - 26 Email Address: whaletalelending@gmail.com WHALE TAIL LENDING SERVICES INC. (SEC Reg. No. CS202105682 and Certificate of Authority No: 3462) Respondent. FOR: MEMORANDUM CIRCULAR NO.03, SERIES OF SERIES OF 2021 ON THE CEILING/S ON INTEREST REVOCATION OF CERTIFICATE OF AUTHORITY TO RATES AND OTHER FEES CHARGED BY LENDING COMPANIES, FINANCING COMPANIES, AND THEIR OPERATEAS CONTINUOUSLY FAILING TO COMPLY WITH SEC 2022 OR SENTRAL ONLINE LENDING PLATFORMS THE IMPLEMENTATION OF BANGKO NG PILIPINAS ALENDING CIRCULARNO. COMPANYFOR 1133 ORDEROF REVOCATION No. 8799, or the Securities Regulation Code ("SRC"), Republic Act 8556 or the Financing Company Regulation Act and its Implementing Rules and Regulations ("IRR"), Republic Act no. 9474, or the Lending Company Regulation Act of 2007 ("LCRA"), its IRR, and other issuances of the Securities and Exchange Commission ("SEC" or the "Commission") on reportorial requirements, Lending Companies ("LC") are required to submit reports as may be required by the Commission; Pursuant to Republic Act No. 11232, or the Revised Corporation Code of the Philippines ("RCC"), Republic Act Implementation of Bangko Sentral ng Pilipinas Circular no. 1133 series of 2021 on the Ceiling/s on Interest Rates and other Fees charged by Lending Companies, Financing Companies, and their Online Lending Platforms ("MC 3"); On 03 March 2022, the Commission issued SEC Memorandum Circular No. 03, series of 2022 or the loans covered by the ceiling, to submit a Business Plan indicating the company's loan products and services as well as the applicable pricing parameters, which must be compliant with Section 3 of MC 3. It is also provided that non- compliance with Section 5, whether non-submission or implementing amended Business Plan without prior approval of the Commission shall have the penalty of Suspension or Revocation of CA. Further, Section 5 of MC 3 states that the Commission shall require all LCs and FCs, whether or not offering these LCs and FCs to comply and show proof of compliance with their reportorial requirements, they still failed to their Business Plans. Despite the issuance of Show Cause Letters and Notice of Deficiencies informing and directing observe the directives of the Commission; FinLenD issued Notices of Deficiencies and Show Cause Letters directing the Companies to comply and submit FCA, to suspend or revoke the Certificate of Authority to Operate ("CA") as a Lending Company and Financing Company, respectively for continuous failure to comply with the SEC requirements, continuous violation of the LCRA and its IRR, FCA, the terms and conditions of the CA, and any lawful order, decision, or ruling of the Commission; The Commission is authorized,under Section 9 of the LCRA and Rule 8 of its IRR as well as Section 14 of the revoke Certificates of Registration and of Authority of erring financing and lending companies in accordance with SERVICES INC., including its Online Lending Platforms/Applications is hereby REVOKED for continuous non- compliance with MC 3 series of 2022 for non-submission of its Business Plan. existing rules and to act on cognate activities,the Certificate of Registration and Authority of WHALE TAIL LENDING WHEREFORE, pursuant to SEC Office Order No. 545, series of 2023, granting the FinLenD the authority to This Order shall be immediately executory. SO ORDERED. Done in Makati City, Philippines, th th day of May 2025 UM ATTY.KENNETH OY A.QUIMIO OI$-Director eAn Scan the QR to verify the document