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)

Sep 25, 2020

2. SEC Identification Number

CS200511816

3. BIR Tax Identification No.

239-508-223-000

4. Exact name of issuer as specified in its charter

8990 Holdings, Inc

5. Province, country or other jurisdiction of incorporation

Metro, Manila Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

11F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, Philippines Postal Code 1200

8. Issuer's telephone number, including area code

(632)84789659/85333915/85333917

9. Former name or former address, if changed since last report

NA

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 Shares	5,391,399,020
Preferred Shares	50,000,000
Corporate Bonds Series A, B, and C	9,000,000,000

11. Indicate the item numbers reported herein

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.

8990 Holdings, Inc.HOUSE

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
Board Authorization of the Offer and Issuance of Preferred Shares
Background/Description of the Disclosure
During the meeting of the Board of Directors of 8990 Holdings, Inc. (the “Company”) held today, 25 September 2020, the Board authorized the public offer, sale and issuance of preferred shares of up to Thirty Million (30,000,000.00) Cumulative, Non-voting, Non-Convertible, Non-Participating, Redeemable, and Perpetual Preferred Shares, with an oversubscription option of up to Twenty Million (20,000,000.00) Preferred Shares (the “Offer Shares”, and the offer thereof, the "Offer"), subject to the registration requirements of the Securities and Exchange Commission (“SEC”) and the listing requirements of the Philippine Stock Exchange (“PSE”). The Issuer has appointed China Bank Capital Corporation as the Sole Issue Manager, Lead Underwriter, and Sole Bookrunner, in respect of the Offer. The final terms and conditions of the Series B Preferred Shares, including the final offer size and dividend rate, shall be determined after the bookbuild exercise, and agreed by the Company and the Sole Issue Manager, Lead Underwriter, and Sole Bookrunner.
Other Relevant Information
Attached is the relevant SEC Form 17-C.