EXECUTIVE SUMMARY # 44 PART I. PROJECT OVERVIEW Project Desc. Location Proponent Area for Dev’t PART II. JUNE 10, 2022 : CONSTRUCTION OF 4 x 9,000 TPD CEMENT PLANT : CALATAGAN, BATANGAS : ADVANTAGE CONCRETE INDUSTRIES CORP (ACIC) : 108 hectares excluding Balayan and Calatagan access roads TARGET TIMELINE Target Construction Completion LINE-1 Dec 2024 LINE-2 Dec 2025 LINE-3 Dec 2026 LINE-4 Dec 2027 Start Testing and Commissioning Jan 2025 Jan 2026 Jan 2027 Jan 2028 PART III. HIGHLIGHTS A. POWER SUPPLY 1. Engineering Works 1.1 Permanent Power Requirement (230kV Line) o 1st phase (11km from Cement Plant to Balayan Highway Proper) o Estimated time of availability June 2022 o 2nd phase (14km from Balayan Proper to NGCP Tuy) o Estimated time of availability February 2023 o Feasibility Study, Engineering and Design: MPRS submitted for approval o 230kV & 150MVA Substation/Power station – ongoing revision of design 1.2 Construction Power Requirements, 69kV Transmission Line, 7.5 MVA Substation o Part of 1st Phase; Estimated time of availability June 2022 o 230kV Line to energize down to 69kV for construction power needs o Technical evaluation & signed TFA completed as of March 15, 2022 o MPRS submitted for approval 1.3 Temporary Power Requirement (13.2kV Transmission Line, 1.5MVa Substation), For immediate power needs o Awarded to Bare Electrique CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 2. Construction Works 2.1 Temporary Power Requirement (13.2kV Transmission Line, 1.5MVa Substation) o Contractor: Bare Electrique o Start: April 2022 o Completed: o Site mobilization last April 28, 2022 o Layout and staking o Excavation works and rebar delivery on site o In progress: Fabrication of rebars and formworks, Excavation works o Look Ahead: o Construction of transformer pad (Source of Transformer from Oro Cement in Davao) o Ship-out of equipment by June 2022 B. WATER SUPPLY 1. Environmental Requirements 1.1 Water Rights- application in progress 1.2 Drilling Permit- Issued last November 23, 2021 (will be expired on May 23, 2022); Ongoing application of permit extension (6 months) 2. Pre-Engineering Works – 100% completed 2.1 Topographic Survey 2.2 Geotechnical Survey 3. Engineering Works 3.1 Construction Water Supply a. Phase 1 – Vertical intake, distribution pipes, water tanks (estimated 2,000cu.m/day/well) o Completed design for Vertical Intake 1, 2 and 3 b. Phase 2- Additional water tanks and pipe header 4. Bidding and Award 4.1 Deep Well 1 – Awarded to BWG (with ET Lucas as subcon) 4.2 Deep Well 2 – Awarded to BWG (with ET Lucas as subcon) 4.3 Deep Well 3 – Awarded to BWG (with ET Lucas as subcon) ARCHEN TECHNOLOGIES, INC. 2 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 5. Construction Works 5.1 Deep Well 1 o Start: April 2022 (Site preparation, commence after Deep well 2) o In progress: Material purchasing and site preparation 5.2 Deep Well 2; 7.19% completed (no P.O. yet) o Start: May 2022 o In progress: Drilling works 5.3 Deep Well 3; 22.99% completed o Start: April 2022 o In progress: Drilling works; ETC: June 18, 2022 o Look ahead: Delivery of pump and motor installation C. SEWAGE TREATMENT PLANT 1. Detailed Engineering Works – Completed (as design & Build) 2. Bidding and Award – Awarded to SDIC 3. Construction Works- 14.56% construction completion o Contractor: SDIC o Start: March 2022 o ETC: August 2022 o Completed: o Geotechnical investigation (confirmatory borehole) o Excavation works, fabrication of rebars and forms, and delivery of construction materials o In progress: Installation of formworks and rebars D. CEMENT PLANT (2 x 9,000 TPD) 1. Environmental Requirements 1.1 ECC Permit (5.0MMTPY Capacity) – completed ECC Amendment (for additional 15.0MMTPY Capacity) - ongoing processing Completed: Public scoping last April 29, 2022; Technical scoping last May 24, 2022 In progress: Baseline environmental assessments (i.e., perception surveys, FGD/KII with barangays, air sampling, updating terrestrial and marine ecosystem) 1.2 Tree Cutting Permit – Released last August 20, 2021 ARCHEN TECHNOLOGIES, INC. 3 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 2. Pre-Engineering Works – 100% completed 2.1 Topographic Survey 2.2 Geotechnical Survey 2.3 Ground-Penetrating Radar (GPR) Survey 3. Detailed Engineering Works 3.1 Completed Construction Drawing (FCD): o Site Development Plans (for 2 lines) o Storm and Sewerage System Plans (for 2 lines) o Perimeter and Road Lightings (including Line 2) 3.2 Completed Structural Drawings (for Line 1): o Cement Silo o Clinker Silo o Packhouse (Foundation) o Tertiary Air Duct Support for Preheater (6000TPD) o Homo Silo – for updating as per latest equipment specifications o Rotary Kiln – for updating as per latest equipment specifications o Preheater Building (foundation and superstructure) – for updating as per latest equipment specifications o Clinker Cooler (foundation and superstructure) – for updating as per latest equipment specifications 3.3 Ongoing preparation of Bid Plans: o Finish Mill 1 (foundation) – 95% completed o Coal Mill Building 1 (foundation) – 98% completed (awaiting other mechanical details) o Coal Mill Building 1 (superstructure) – 80% completed (awaiting other mechanical details) o Packhouse Building (superstructure) – 92% completed (awaiting updated mechanical layout from supplier) o Bulk Silo 1– 55% completed: ETC: June 2022 o Cement Silo 2 – 85% completed: ETC: June 2022 o Raw Mill (vertical mill foundation) – 95% completed; ETC: June 2022 3.4 For Preparation of Bid Plans (Once data is available from Suppliers): o Main Crushing Building o Bag Filter o EGB Foundation o GCT o Vibrating Screen Building o Coal and Additive Crusher o Limestone Storage ARCHEN TECHNOLOGIES, INC. 4 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 o o Additive Storage Coal Storage 4. Bidding and Award o o o For schedule of Prebid conference of the following: o Main Entrance Structures o 230KV Substation Building Awarded to Anta (For Foundation works and Silo Construction) o Cement Silo o Homo Silo o Clinker Silo o Packhouse o Pre-Heater o Clinker Cooler o Rotary Kiln Equipment Status – For 9,000 TPD guaranteed capacity, see below table. DESCRIPTION Preheater & Exhaust Gas Blower Rotary Kiln ROTAX-2 Clinker Cooler Main Dedusting & GCT Homo Silo (24,200 tons) & Kiln Feeding System Cement Silo & Bulk Silo SUPPLIER FLS FLS IKN CTP/THERMAX /RHAJTEK/FLS FLS/CPAG CPAG STATUS Contractor to submit final proposal for commercial evaluation Contractor to submit final proposal for commercial evaluation Completed technical evaluation of revised proposal FLS to submit final proposal for commercial evaluation CTP Italy submitted preliminary data sheet for review and comments FLS to submit final proposal for commercial evaluation Awaiting revised proposal for 25,000tons capacity Cement Silo Contractor to submit final proposal for commercial evaluation Awaiting revised proposal (9,000TPD) Raw Mill System (OK-R Mill 56FLS 4, 670TPH) Coal Mill System (LM VRM Loesche 35.3D, 60TPH) Finish Mill System (OK Mill 71FLS Contractor to submit final proposal for 6, 430TPH) commercial evaluation Limestone Stackers & TKIS/AUMUND Ongoing technical evaluation of Reclaimers / SCHADE revised proposal ARCHEN TECHNOLOGIES, INC. 5 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 Additive/Coal Crusher and Handling Packhouse Roto Packers (8x120TPH) Primary Additive Crusher Main Crusher TKIS/AUMUND Awaiting award / SCHADE Haver & Awaiting revised supplier’s proposal Boecker Equipment specifications were Macawber updated from FLS EV 200 x 200 TP Macawber Impact Hammer Crusher FLS Replace 1 unit crusher FLS EV250x300 with NCC existing 2 xFLS EV200x200 to be installed at quarry area 5. Construction Works 5.1 Site Development (for Line 1 and 2) – 100% completed for site grading works last May 7, 2022 o Site Grading, Road Network, Storm and Sewerage System o Contractor: Monstera 5.2 Site Development (for storage and crushing area) – 16.39% completed for site grading works o Site Grading, Road Network, Storm and Sewerage System o Contractor: Monstera 5.3 Silos and Foundation Works o Construction of Cement, Clinker and Homo Silo; and foundation works of Packhouse Building, Preheater, Rotary Kiln and Clinker Cooler o Contractor: ANTA (foundation and mechanical works) Monstera (excavation works) o Completed: o Delivery of 2nd batch of RSB last May 13-14, 2022 o Turnover of Clinker Silo 1 Area to Anta o Mobilization last May 14, 2022 o In progress: Permitting works and purchasing of RSB (c/o CEPG) Mobilization and setting up of barracks and fabrication area Excavation works for Clinker Silo 1 – 95% completion (c/o Monstera) E. BALAYAN ACCESS ROAD (9.35 km) 1. Environmental Requirements 1.1 ECC Permit – application in progress 1.2 Tree Cutting Permit – application in progress c/o SMPI ARCHEN TECHNOLOGIES, INC. 6 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 2. Pre-Engineering Works – 100% completed 2.1 Topographic Survey 2.2 Geotechnical Survey 3. Detailed Engineering Works –75% completed 3.1 Site Development (Site Grading and Road Network) – For Construction drawings (FCD) completed 3.2 Storm Drainage System – For Construction drawings (FCD) completed 3.3 Road Lightings System – FCD to be started; completed preparation of concept layout design (awaiting approval) 4. Construction Works- 26.14% completed (site grading works) 4.1 Site Development o Site Grading, Road Network, and Storm Drainage System o Contractor: Monstera o In progress: - Road grading works for Sta. 0-2km – 100% completed for sub-grade preparation; 9.00% completed for sub-base preparation - Road grading works for Sta. 2-5km – 8.00% completed for sub-grade preparation - Road grading works for Sta. 5-8km – 6.81% completed for sub-grade preparation - Installation of RCP at first 2km – 100% completed o Completed - Subgrade works for Sta. 0-2km F. CALATAGAN ACCESS ROAD (4.5 km) 1. Pre-Engineering Works – 100% completed 1.1 Topographic Survey 2. Detailed Engineering Works 2.1 Site Development (Site Grading and Road Network) – 75% completed; ongoing coordination with SMPI for finalization of alignment 2.2 Storm Drainage System– FCD to be started 2.3 Road Lightings System – FCD to be started 3. Construction Works - Completed for partial grading & clearing works only 3.1 Site Development o Site Grading, Road Network, and Storm Drainage System ARCHEN TECHNOLOGIES, INC. 7 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 o Contractor: Monstera G. COASTAL ROAD (2.0 km) 1. Pre-Engineering Works – 100% completed 1.1 Topographic Survey 2. Detailed Engineering Works 2.1 Site Development (Site Grading and Road Network) – FCD to be started 2.2 Storm Drainage System– FCD to be started 2.3 Road Lightings System – FCD to be started H. ANCILLARY STRUCTURES 1. Environmental Requirement 1.1 ECC Permit - (part of the approved ECC) 2. Pre-Engineering Works – 100% completed 2.1 Topographic Survey 2.2 Geotechnical Survey 3. Detailed Engineering Works 3.1 Completed FCD for Site Development: o Motorpool o Shops Area 3.2 Completed Conceptual Design for design and build projects: o Contractor’s Camp o Truck Marshalling Area 1 o Meeting Area at Calatagan Road 3.3 Completed Bid Plans: o Substation o Main Entrance Structures (Truck Scale, Main Gate and Guard House) o Administration Building o Canteen & Timekeeping o Staff House with Mess Hall o Guest House ARCHEN TECHNOLOGIES, INC. 8 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 3.4 Ongoing preparation of Bid Plans: o CCR/Laboratory – 95% completed; ETC: June 2022 o Truck Marshalling Area 1 –28% completed; ETC: August 2022 o Meeting Area Site Grading Plans – 10% completed: ETC: August 2022 3.5 For Preparation of Plans: o Meeting Office – received approval of concept layout last May 12, 2022 o Site Development for the following: o Admin Building o Staff House o Guest House o Contractor’s Camp 4. Bidding and Award o Design and Build for Parts Warehouse, Shops Area and Motorpool – awarded to Fabwerx o Design and Build for STP – awarded to SDIC 5. Construction Works 5.1 Site Development o Site Grading, Road Network, Storm and Sewerage System o Contractor: Monstera o Completed: Site grading works for Parts Warehouse, Shops and Motorpool area 5.2 Construction of Shops Area and Motorpool – 39.92% construction completion o Design and Build o Contractor: Fabwerx o ATS: November 2021 o ETC: August 2022 o Construction activities: o Motorpool – ongoing concreting of footing tie beam o Shops Warehouse – ongoing excavation works and concreting of footing 5.3 Construction of Parts Warehouse – 39.71 construction completion o Design and Build o Contractor: Fabwerx o ATS: November 2021 o ETC: August 2022 o Construction activities: o Ongoing erection of steel structures o Parts Warehouse 1 – ongoing erection of structural steel o Parts Warehouse 2 – ongoing construction of pedestal (45/46 pcs) ARCHEN TECHNOLOGIES, INC. 9 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 I. PIER FACILITY 1. Environmental Requirements 1.1 ECC Permit – completed (part of the approved ECC for Cement Plant Lines 1 and 2) 1.2 FLA/MLA– application in progress; all documents submitted to CENRO (with certificate of no objection available) & to DENR last Feb. 4 Expected time of release is by August 2024 Note: Ongoing application of Provisional permit in order to proceed with construction prior FLA/MLA approval, expected availability before July 15, 2022 2. Pre-Engineering Works – 100% completed 2.1 Hydrographic Survey and Ocean Study 2.2 Offshore Geotechnical Investigation 3. Detailed Engineering Works- 100% completed 3.1 Detailed Engineering design was awarded to Surbana Jurong (SJ) o Completed: Detailed drawings and bid documents preparation for L-type pier 4. Bidding and Award 4.1 Pier Facility o Completed: Award (Contractor: JEMCO) Kickoff meeting was conducted last May 17, 2022 Site inspection with JEMCO conducted last May 24, 2022 Established reference point for Pier construction Conducted confirmatory Bathymetric survey J. o In progress: Finalization of pier layout and detailed design works; and preparation of project schedule and permit plans o Look Ahead: Day 1 is June 01, 2022 o ETC: Construction completion Nov 2023 POZZOLAN DISPATCH STATION – design and construction project are deferred K. CONCRETE BATCHING PLANT AND AGGREGATE CRUSHING PLANT 1. Environmental Requirement 1.1 ECC Permit – awaiting issuance ARCHEN TECHNOLOGIES, INC. 10 CALATAGAN CEMENT PLANT PROJECT EXECUTIVE SUMMARY REPORT # 44 AS OF JUNE 10, 2022 1.2 CNC (Certificate for Non-Coverage) – for application 2. Pre-Engineering Works 2.1 Topographic Survey – 100% completed (included in the Cement Plant) 2.2 Geotechnical Survey – awaiting award 3. Detailed Engineering Works 3.1 Site Development – ongoing preparation of FCD; ETC: 2nd week of June 2022 (other details), note Site Grading plans completed (FCD) 3.2 Storm Drainage System– FCD to be started 3.3 Perimeter Lightings System – FCD to be started 3.4 Water Distribution System- FCD to be started 3.5 Silo Foundations – completed 3.6 Support Structures – ongoing preparation of base plan for the following: 3.6.1 Restroom 3.6.2 Security Post 3.6.3 Genset House 3.6.4 Pump House 4. Bidding and Award 4.1 Procurement of the following services/equipment – in progress c/o CEPG o Concrete Batching Plant (Lintec & Linhoff) – Estimated delivery: July 2022 o Mixer Truck – ongoing manufacturing; Estimated delivery: July 2022 o Truck Scale – PO issued to Uptown; Estimated delivery: August 2022 o Additional 100MT Silo (Fly ash) – for issuance of NOA o Wheel Loader – PRS for approval o Power Genset – target schedule of bidding on May 22, 2022 o Pumpcrete with Boom – awaiting final proposal from Monark o Cement Transfer pump – ongoing finalization of specs o Genset (Standby) – bid submission on June 10, 2022 o 40cum Water Tank (1 unit) – ongoing preparation of TOR o Site Development/Foundation works – c/o Monstera o Electrical works – for preparation of TOR o Installation contractor – c/o ACIC o Ice Reefer – to be transferred from SMILSI (20 reefer van) ---------------------------------------------------------- nothing follows --------------------------------------------------------- ARCHEN TECHNOLOGIES, INC. 11