QCASH FINANCE CORP.

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

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: FinLenD ORDER No.2025 - 25

Authority No. 1253 QCASH FINANCE CORP. (SEC Reg. No CS201918916 and Certificate of FOR: REVOCATION OF CERTIFICATE OF AUTHORITY TO OPERATE AS A FINANCING COMPANY FOR CONTINUOUSLY FAILING TO COMPLY WITH SEC MEMORANDUM CIRCULAR NO. O3, SERIES OF

[email protected] Email AddreSs: [email protected], Respondent. SENTRAL NG PILIPINAS CIRCULAR NO. 1133 RATES AND OTHER FEES CHARGED BY LENDING 2022 OR THE IMPLEMENTATION OF BANGK0 SERIES OF 2021 ON THE CEILING/S ON INTEREST COMPANIES, FINANCING COMPANIES, AND THEIR ONLINE LENDING PLATFORMS

X

TO:

QCASH FINANCE CORP.

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.

UMu ATTY.KENNETH JOY A. QUIMIO DIC-Director M

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

FINANCING AND LENDING COMPANIES DEPARTMENT

IN THE MATTER OF: FinLenD ORDER No.2025 - 25

(SEC Reg. No. CS201918916 and Certificate of Authority No: 1253) [email protected] QCASH FINANCE CORP Email Address:[email protected] Respondent. FOR: REVOCATION OF CERTIFICATE OF AUTHORITY TO MEMORANDUM CIRCULAR NO.03, SERIES OF 2022 OR THE IMPLEMENTATION OF BANGKO SERIES OF 2021 ON THE CEILING/S ON INTEREST ONLINE LENDING PLATFORMS OPERATE CONTINUOUSLY FAILING TO COMPLY WITH SEC SENTRAL NG PILIPINAS CIRCULAR NO. RATES AND OTHER FEES CHARGED BY LENDING COMPANIES,FINANCING COMPANIES,AND THEIR AS A FINANCING COMPANY 1133 FOR

ORDER OF REVOCATION

its Implementing Rules and Regulations ("IRR"), Republic Act no. 9474, or the Lending Company Regulation Act of Commission; No.8799,or the Securities Regulation Code "SRC),Republic Act 8556 or the Financing Company Regulation Act and 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 Pursuant to Republic Act No.11232,or the Revised Corporation Code of the PhilippinesRCC),Republic Act

other Fees charged by Lending Companies, Financing Companies, and their Online Lending Platforms ("MC 3"); Implementation of Bangko Sentral ng Pilipinas Circular no.1133 series of 2021 on the Ceiling/s on Interest Rates and On 03 March 2022, the Commission issued SEC Memorandum Circular No. 03, series of 2022 or the

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 loans covered by the ceiling, to submit a Business Plan indicating the company's loan products and services as well as 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

their Business Plans. Despite the issuance of Show Cause Letters and Notice of Deficiencies informing and directing these LCs and FCs to comply and show proof of compliance with their reportorial requirements, they still failed to observe the directives of the Commission; FinLenD issued Notices of Deficiencies and Show Cause Letters directing the Companies to comply and submit

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 FCA, to suspend or revoke the Certificate of Authority to Operate ("CA") as a Lending Company and Financing The Commission is authorized, under Section 9 of the LCRA and Rule 8 of its IRR as well as Section 14 of the

existing rules and to act on cognate activities, the Certificate of Registration and Authority of QCASH FINANCE CORP. including its Online Lending Platforms/Applications is hereby REVOKED for continuous non-compliance with MC 3 revoke Certificates of Registration and of Authority of erring financing and lending companies in accordance with series of 2022 for non-submission of its Business Plan. 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, this th day of May 2025.

MMM ATTY.KENNETHJOY A. QUIMIO Ofd-Difector AOAA

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