At the special meetings held on 13 March 2023, the Board of Directors of Ionics, Inc. and of Ionics
Properties Inc. approved respectively the following:
The Board of Directors approved the declaration and distribution of a cash dividends of P0.10 per share to
all stockholders of record of the Corporation as of 28 March 2023 with payment date of not later than 25
April 2023.
Ionics Properties, Inc. - Purchase of Industrial Lot in Light Industry & Science Park IV
The Board of Directors of Ionics Properties, Inc.(“IPI”), the wholly owned subsidiary of Ionics Inc.
approved the acquisition of additional property located at Light Industry & Science Park IV (“LISP IV”),
Malvar, Batangas, with an area of 3.8 hectares, upon such terms and conditions as may be agreed upon, for
the purpose of accommodating the manufacturing and logistics requirements of its sister companies and other
parties.