Steniel Manufacturing Corporation received a notice from the Securities and Exchange Commission ("SEC"), the SEC imposed on the Company penalties in the aggregate amount of PHP 4,439,000.00 as a consequence of its delayed filings of reports (annual, quarterly and current) for 2022 - 2023 and non-holding of the annual stockholders' meeting in 2023. The Company is reviewing this matter and will seek reconsideration where necessary and update the public in due course.