MANILA, PHILIPPINES�-�Media
OutReach�- 9 December 2019 -�Twenty
outstanding Philippines' entrepreneurs and organisations were honored at the
recently concluded Asia Pacific Entrepreneurship Awards 2019 or APEA, led by
Megawide Construction Corporation's Chairman and CEO, Mr. Edgar Saavedra and
Robinsons Land Corporation's President and CEO, Mr. Frederick D. Go.

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An initiative by Enterprise Asia, the
leading non-governmental organization for entrepreneurship in Asia, APEA is the
largest regional recognition program, with over 3,000 nominations received each
year, and less than one tenth of that receiving the awards in all 14 markets.
With the theme of 'Promoting Inclusive Economic Development Through Sustainable
Entrepreneurship', over 300 attendees were present at the by-invitation only
event, comprising of industry leaders and dignitaries.

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Leading the list of winners includes
RDAK Transport Equipment Inc who received the award under Corporate Excellence
Category.

About RDAK Transport Equipment Inc.

Since its
establishment, RDAK Transport Equipment, Inc. continues to leave its mark as
the Philippines' leading transport and equipment vehicle provider. RDAK was
founded in 1989 with its name derived from the acronym of its founder and
President, Ricardo Delfin Abella King. Through his leadership, RDAK has an unprecedented
track record of pioneering production and marketing of post-war mass transport
vehicles, known as jeepney, in the regions of Visayas and Mindanao.

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The Company
vision is to be the number 1 solutions provider for earth--moving equipment in
various industries in Visayas and Mindanao. Its mission is to provide good
quality and value for money products to satisfy customer needs by continuously
maintaining excellent long-term relationship with suppliers and partners to
create strong commitment, continuously enhancing established procedures as well
as enhancing and upgrading workforce skills and knowledge.

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For the past
few decades, RDAK continues to be the market leader in the mass transport
industry. The Company has evolved from marketing the most two-wheel vehicles to
the largest ten-wheeler industrial type vehicles. 2019 marked the year the
company expanded to new locations in the Philippines. RDAK has now established
a variety of businesses throughout the country, the latest in the fast-growing
market of Mindanao. Looking forward, RDAK targets to expand to more locations
which has exciting growth opportunities.

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With the
advent of technology, which is changing the industry's landscape, RDAK is
developing innovative and more efficient processes to steer the company towards
long-term relevance and success by introducing greater use of technology in its
manufacturing facilities and services. RDAK has always been grounded on its own
maxim, "Your Success is Our Success," which has governed the way the company
provides the best services to customers by exceeding expectations and
challenging perceptions in forging stronger partnerships in helping others to
succeed and grow. This is what sets RDAK apart from other transport providers.

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Moving
forward, RDAK has always been the pioneer, the first movers since it was
founded in 1989 thus despite the challenges in the industry, RDAK will be at
the forefront in exploring and cultivating new technologies to meet customer
needs, set new standards and introduce new products in the transport industry.
With this, RDAK will bring all of its strength in the development of the
country's transportation industry for the years to come.

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RDAK
Transport & Equipment, Inc. also places priority in Corporate Social
Responsibility. RDAK, together with Juanito I. King Foundation, Inc. (JIKFI)
and King's Group of Companies, proactively organizes various activities as a
commitment to environmental protection and to help needy people. RDAK has been
a long-time partner of the PBSP's Reforestation Project and DepEd Cebu City
Division to carry out activities in the future.

About Asia Pacific Entrepreneurship Awards

Launched in 2007, the Asia Pacific
Entrepreneurship Awards is the region's most prestigious awards for outstanding
entrepreneurship, continuous innovation and sustainable leadership. The Award
provides a platform for companies and governments to recognize entrepreneurial
excellence, hence spurring greater innovation, fair business practices and
growth in entrepreneurship. As a regional award, it groups together leading
entrepreneurs as a powerful voice for entrepreneurship and serves as a
by-invitation only networking powerhouse. The program has grown to encompass 14
countries and markets all over Asia. For further information, visit�www.apea.asia.