Yu Articles or Inc
Yu Articles or Inc
Yu Articles or Inc
INCORPORATION OF
YU GOOD WOODY PRODUCTS,
INC.
(Name of Corporation)
That we, all of whom are of legal age, and resident of the Philippines, on this date, have voluntarily associated
ourselves together for the purpose of forming a corporation under the laws of the Republic of the Philippines.
SECOND: A. That the purpose or purposes for which such corporation is incorporated are:
1. To produce high-quality wood products that surpass our customers' expectations in terms of quality,
service, and value.
2. To properly manage all of our activities in the forests to establish healthy, functional forests and
ensure that the timber from the forests are completely and responsibly utilized.
3. To provide rewarding careers for our team members where they can learn, grow and enrich their lives
by engaging in the success of our Company.
4. To export and market processed goods locally.
THIRD: That the place where the principal office of the association is to be established is at:
“Yu Bldg” 1234 NW Bibcat Lane, St. Robert, Purok 5, Brgy Villarica, Midsayap,
North Cotabato, Philippines
FOURTH: That the term for which the association is to exist is fifty (50) years from and after the date
of issuance of the certificate of incorporation.
FIFTH: That the names, nationalities, and residences of the incorporators of the association are as
follows:
SEVENTH: That the authorized capital stock of the corporation is FIVE MILLION PESOS (P
5,000,000.00) Philippine, currency, and said capital stock divided into FIFTY THOUSAND ( P
50,000.00) SHARES with a par value of ONE HUNDRED PESOS (P 100.00) Philippine Currency,
each.
EIGHT: That the subscribers to the capital stock and have furthermore agreed to pay am amount of
equal to Ten Percent (10%) of their subscribed capital stock to form a contributed surplus fund.
NINTH: That no transfer of stock or interest which would reduce the ownership of Filipino Citizens to
less than the required percentage of capital stock as provided by existing laws shall be allowed or
permitted to be recorded in the proper books of the corporation and this restriction shall be indicated in
all the stock certificates issued by the corporation.
ELEVENTH: That the incorporators undertake to change the name of the corporation immediately
upon receipt of notice or directive from the Securities and Exchange Commission that another
corporation, partnership or person has acquired a prior right to the use of that name has been declared
misleading,deceptive, confusingly similar to registered name, or contrary to public morals, good
customs or public policy.
In witness whereof, we have set our hands this 15th day of March, 2023, in the City /
Municipality of Midsayap Province of North Cotabato , Republic of the Philippines.
WITNESSES:
All known to me and to me known to be the same persons who executed the foregoing Articles of
Incorporation and they acknowledged to me that the same is their free and voluntary act and deed.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my notarial seal on the
date and at the place first above written.
That I have been elected by the subscriber of the corporation as treasurer thereof, to act such
until my successor has been duly elected and qualified in accordance with the by-laws of the
corporation, and that as such Treasurer, I hereby certify under oath that at least 10% of the authorized
capital stock of the corporation has been subscribed and at least 10% of the subscription has been paid,
and received by me in cash for the benefit and credit of the corporation.