As approved by the Compensation and Remuneration Committee on April 29, 2008, CPVDC has adopted the Code of Ethical Behavior.

The Code of Ethical Behavior outlines the general expectations and set standards for employee behavior and ethical conduct.  It covers all CHI employees, its subsidiaries and affiliate.  The Company and its employees commit to live out the company’s core values in conducting personal and business affairs.  It is intended to be read in conjunction with the Company’s Human Resources Manual of Personnel Policies which includes the Code of Conduct governing acceptable office conduct for the orderly operation of the company as well as for the protection of the rights, safety, and benefit of the total employee force.

Company employees are required to annually disclose any business- and family-related transactions to the Company to ensure potential conflicts of interest are surfaced and brought to the attention of Management.

Others
Anti-Money Laundering
 Cebu Holdings, Inc. does not face issues of anti-money laundering.  The Company strictly observes and is committed to complying with the provisions of the Anti-Money Laundering law.

Website
Additional information on the Company’s Corporate Governance initiatives may be viewed at www.cpvdc.com.