C08080-2021

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 29, 2021
2. SEC Identification Number
10683
3. BIR Tax Identification No.
000-141-166
4. Exact name of issuer as specified in its charter
SUNTRUST HOME DEVELOPERS, INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
26th Floor, Alliance Global Tower, 36th St. Corner 11th Avenue, Uptown Bonifacio, Taguig City Postal Code 1634 Postal Code 1634
8. Issuer's telephone number, including area code
88946300
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 7,250,000,000
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Suntrust Home Developers, Inc.SUN

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Disclosure of Suntrust Home Developers, Inc. in relation to the voluntary trading suspension of Suncity Group Holdings Ltd (“Suncity”) and Summit Ascent Holdings Limited (“SA Holdings”).

Background/Description of the Disclosure

On November 29, 2021, Suntrust Home Developers, Inc. (“SUN”) was informed that the Hong Kong Stock Exchange, at the request of Suncity and SA Holdings, implemented a trading halt on the shares of Suncity and SA Holdings with effect from 9:00 a.m. on November 29, 2021 pending the release of an announcement in relation to news coverage regarding Mr. Chau Cheok Wa (an executive Director, the chairman of the Board and a controlling shareholder of Suncity and a non-executive Director, the chairman of the Board and a controlling shareholder of SA Holdings).

Suncity is the parent company of Fortune Noble Limited (“Fortune Noble”) which holds 51% of the outstanding capital of SUN. Fortune Noble also holds SUN convertible bond in the principal amount of up to P7,300,000,000.00 in accordance with a Subscription Agreement dated May 29, 2020. SA Holdings is the parent company of Summit Ascent Investments Limited (“SA Investments”). SA Investments holds SUN convertible bond in the principal amount of up to P5,600,000,000.00 in accordance with a Subscription Agreement dated May 29, 2020. SA Investments also executed a Subscription Agreement on September 21, 2021 for its subscription to SUN convertible bond in the principal amount of up to of P6,400,000,000.00.

Other Relevant Information

Amendment was made to attach the announcements, which links are listed below, from Suncity and SA Holdings.

We will update the Exchange as more information becomes available to SUN.

Please refer to these links for the announcements of Suncity and SA Holdings:

https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1129/2021112900101.pdf
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1129/2021112900103.pdf

Filed on behalf by:
Name Nelileen Baxa
Designation Corporate Secretary