Company: FECOF
Filing Date: 2025-07-15
Form Type: 20-F
Source: 0001477932-25-005053
Chunk: 47

Company: FEC Resources Inc.
Filing Date: 2025-07-15
Form: 20-F
Item: Item 7
Chunk 47
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

A. Major Shareholders

We are a publicly-owned corporation, the shares of which are owned by Canadian residents, U. S. residents, and residents of other countries. We are controlled by PXP due to the fact that, as indicated in the table below, it directly owns 78.39% of our outstanding voting securities and thus controls the outcome of all matters decided stockholder votes. The following table provides the names and share ownership of those parties that have ownership of 5% or more of each class of our voting securities as of June 30, 2025, according to the information available to us.

  Name                           Number of Shares Owned      Percent of Class  
 ───────────────────────────────────────────────────────────────────────────────
  PXP Energy Corporation *                  674,999,986                 78.39  
  CDS & Co.**                                39,018,591                  4.53  
  Cede & Co.**                               42,913,251                  4.98  
  Asian Coast International                  62,740,000                  7.29  

* No changes in the ownership of our shares by PXP has occurred during the past three (3) years.

** CDS & Co. and Cede & Co. are clearing houses in Canada and the United States and represent the interest of multiple shareholders and there is no way of knowing if any one in particular beneficially holds over 10% of the voting rights attached to our shares.

There are no arrangements, known to us, the effect of which may at a subsequent date result in a change in our control other than as noted inItem 5 Operating and Financial Review and Prospects.