JUST SMILE LENDING CORPORATION

Securities and Exchange Commission Republic of the Philippines Department of Finance SAGONGPIL

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: FinLenD ORDER No. 2025 - 18

Authority No.3379) JUST SMILE LENDING CORPORATION (SEC Reg. No CS202011342 and Certificate of FOR: OPERATE AS A LENDING COMPANY FOR REVOCATION OF CERTIFICATE OF AUTHORITYTO CONTINUOUSLY FAILING TO COMPLY WITH SEC

MEMORANDUM CIRCULAR NO.28,SERIES OF

Respondent. 2020 OTHERWISE KNOWN AS REQUIREMENT F0R CORPORATIONS,PARTNERSHIPS,ASSOCIATIONS AND INDIVIDUALS TO CREATE AND/OR

THE COMMISSION. CELLPHONE NUMBER FOR TRANSACTIONS WITH DESIGNATE E-MAIL ACCOUNT ADDRESS AND

YX

TO:

JUST SMILE LENDING CORPORATION

Greetings!

referring to the above-entitled case; the original of which is file with the Commission. Please take notice that on 19 May 2025, an ORDER, copy hereto attached, was filed and emailed to you in advance

Please acknowledge receipt hereof.

19 May 2025, Makati City.

AAM ATTY.KENNETHYOY A.QUIMIO Hid Director U

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Securities and Exchange Commission Republic of the Philippines Department of Finance IAGONGPILIPINAS

FINANCING AND LENDING COMPANIES DEPARTMENT IN THE MATTER OF: FinLenD ORDER No.2025 - 18

Authority No.3379 JUST SMILE LENDING CORPORATION (SEC Reg.No. CS202011342 and Certificate of Respondent. FOR: CONTINUOUSLY FAILING TO COMPLY WITH SEC 2020 OTHERWISE KNOWN AS REQUIREMENT FOR REVOCATION OF CERTIFICATE OF AUTHORITY TO CORPORATIONS, PARTNERSHIPS, ASSOCIATIONS OPERATE MEMORANDUM CIRCULAR NO.28,SERIES OF AND INDIVIDUALS AS A LENDING TO CREATE COMPANY AND/OR FOR

CELLPHONE NUMBER FOR TRANSACTIONS WITH DESIGNATE E-MAIL ACCOUNT THE COMMISSION. ADDRESS AND

ORDER OF 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

corporations, partnerships, associations and individuals to create and/or designate e-mail account address and cellphone number for transactions with the Commission; On 27 October 2020, the Commission issued Memorandum Circular No. 28, series of 2020 ("MC 28") requiring

non-filing and late filing of the General Information Sheet ("GIS"), Annual Financial Statement ("AFS") and non- compliance with MC 28,which was extended through MC 20,series of 2023; On 15 March 2023, the Commission issued SEC Memorandum No. 2, series of 2023, granting an amnesty for

fines and penalties on the late and non-submission of AFS, GIS and non-compliance with SEC MC 28, imposing an updated fines and penalties to all regulated entities including FCs and LCs; On 27 March 2024, the Commission issued SEC Memorandum Circular No. 6, series of 2024, or the updated

corporations with Online Lending Platforms/Applications still failed to observe the directives of the Commission; directing the Company to comply and show proof of compliance with its reportorial requirements, subject Despite above Memorandum Circulars issued, Show Cause Letters and Notice of Deficiencies informing and

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 existing rules and to act on cognate activities, the Certificate of Registration and Authority of Just Smile Lending compliance with MC 28. Corporation, including its Online Lending Platforms/Applications is hereby REVOKED for continuous non- 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 CityPhilippines,this O th day of May 2025.

aMN ATTY.KENNEH/JOY A.QUIMIO Oi-Director MMMM

2

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