The Board of Directors of Mabuhay Vinyl Corporation in its special meeting on April 27, 2023, Approved the declaration of cash dividend out of the unrestricted retained earnings of as of 31 December 2022 of 10% per share (PHP 0.10 per share) to stockholders of record as of the close of business hours on May 26, 2023, to be paid on June 19, 2023.