Glossary of Terms

Refers to the collegial body that exercises the corporate powers of all corporations formed under the Corporation Code. It conducts all business and controls or holds all property of such corporations.

Batas Pambansa Blg. 68, otherwise known as the Corporation Code of the Philippines.

Refers to a system whereby shareholders, creditors and other stakeholders of a Company ensure that management enhances the value of the corporation as it competes in an increasingly global market place.

Any substance or preparation intended to be placed in contact with the various external parts of the human body (epidermis, hair system, nails, lips and external genital organs) or with the teeth and the mucous membranes of the oral cavity with a view exclusively or mainly to cleaning them, perfuming them, changing their appearance and/or correcting body odors and/or protecting them or keeping them in good condition.  A cosmetic product placed on the market must not cause damage to human health when applied under normal or reasonably foreseeable conditions of use. (Official definition by the ASEAN Cosmetic Directive, July 2002)

The incumbent members of the Board of Directors of the Company.

Applicants who are qualified to subscribe to the Offer Shares.

Bangko de Oro EPCI, Inc. – Trust Banking Group

Leading provider of global business intelligence and market analysis

Refers to a director who is at the same time appointed to
head a department/unit within the corporate organization.

Any material or substance that promotes or causes exfoliation

The process of removing dead skin cells from the surface of the skin. The process improves the appearance of skin by revealing the younger, healthier skin underneath. Exfoliation can be done through chemical or mechanical methods.

Products that are new to the Company - a new category, a new brand, a line extension or new variants

A management committee responsible in crafting the strategic direction for product development. The committee also serves as gatekeeper in the Stage Gate Process before a product is given final approval.

Additional products of the same product format as the original brand/product employing new scent, color or product features.

Stock Transfer Services, Inc, 8th Floor, Phinma Plaza, 19 Plaza Drive, Rockwell Center, Makati City, Philippines