The Board of Directors of Vitarich Corporation (Corporation), during its regular meeting held earlier June 30, 2023, approved, confirmed, and ratified the following contracts of the Corporation with Luzon Agriventure Inc. (LAVI): 1. Contract to Buy (Broiler), pertaining to the Corporation's supply of day-old chicks and feeds to LAVI and the latter's supply of broilers to the Corporation. 2. Contract to Buy (Breeder ­ Lucban), pertaining to the Corporation's supply of feeds to LAVI and the latter's supply of hatching eggs to the Corporation. The Board of Directors also authorized the Corporation to enter into, sign and execute the Contract to Buy ­ Hatching
Eggs between the Corporation and LAVI for the supply of hatching eggs to the Corporation as well as the Corporation's supply of feeds to LAVI. This disclosure is being made in compliance with SEC Memorandum Circular No. 10, series of 2019 and the Corporation's Material Related Party Transaction Policy since LAVI is a related party of the Corporation and the total estimated amount of the transactions in the three (3) contracts mentioned above, taken together, would likely reach the materiality threshold. The terms and conditions of the contract as well as the transaction price shall be disclosed in the Advisement Report that the Corporation will file within three calendar days from the execution of the contract.