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Aboitiz Group: Holding Statement

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Earlier today, a major newspaper published an article stating that the Aboitiz Group has acquired a majority stake in the low cost carrier AirAsia Philippines. We would like to clarify and state that this information is not true and accurate. At this time, we are actively verifying the sources that led to the publication of this article and have requested that the article be taken down. We want to assure our stakeholders and the public that any significant developments regarding our company will be communicated and disclosed first by us through official channels.

We appreciate your patience as we work to clarify the matter.

Thank you.

About Aboitiz Equity Ventures

Aboitiz Equity Ventures, Inc. (AEV) is the portfolio management company of the Aboitiz Group, leading investments in power, banking and financial services, food, infrastructure, land, and cutting-edge fields like data science and artificial intelligence. With a remarkable legacy spanning five generations, the Aboitiz Group is committed to driving change for a better world. The Group is undergoing its Great Transformation to establish itself as the Philippines’ pioneering techglomerate. This innovative growth strategy, powered by technology and a renewed entrepreneurial mindset, empowers us to advance businesses and uplift communities.

AEV is renowned as one of the best-managed companies in the Philippines and the region, consistently recognized for our unwavering dedication to good corporate governance and corporate social responsibility (CSR) through the Aboitiz Foundation.

As proud members of influential organizations such as the APEC Business Advisory Council, Private Sector Advisory Council to the Philippine government, Global Compact Network Philippines Board of Trustees, and the Global Council for Inclusive Capitalism, we actively champion sustainability initiatives both domestically and globally. Aligned with the United Nations Global Compact (UNGC), we drive policies, advocacies, and initiatives to make a lasting impact. Our transformative #OneNEWAboitiz Sustainability Framework aims to enhance sustainable practices in our life-essential businesses, fostering a positive impact on the environment and society.

To learn more about our journey to becoming the Philippines’ first techglomerate, visit our website: https://aboitiz.com/.

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