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 28, 2020

2. SEC Identification Number

1746

3. BIR Tax Identification No.

000126853000

4. Exact name of issuer as specified in its charter

STI Education Systems Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7th Floor, STI Holdings Center, 6764 Ayala Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(632) 8844-9553

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

-

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	9,904,806,924

11. Indicate the item numbers reported herein

-

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.

STI Education Systems Holdings, Inc.STI

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article

Source	Manila Standard (Online Edition)
Subject of News Report	Low enrollment forces STI to close 12 schools
Date of Publication	Sep 28, 2020

Clarification of News Report
We write with respect to the attached news article entitled “"Low enrollment forces STI to close 12 schools"” posted in Manila Standard (Online Edition) on 28 September 2020. The article reported in part that: “STI Education Services Group Inc., which owns one of the largest networks of private schools in the Philippines, closed down seven schools and suspended the operations of five others on low enrollment turnout caused by the pandemic. STI-ESG said in a disclosure to the Philippine Dealing & Exchange Corp. it suspended the operations of four company-owned schools for school year 2020-2021, including STI Cebu, STI Iloilo, STI Quezon Ave. and STI Tuguegarao. It also ceased the operations of STI Pagadian, another company-owned school effective SY 2020-2021. ‘STI ESG determined that continuing the operations of these schools was no longer viable due to low enrollment turnout and the high cost of facility rental,’ the company said. Six franchise-owned STI schools or education centers were also shut down amid low enrollment turnout and low market potential in their respective areas. These are STI College Bohol, STI College Recto, Sungold Technologies, STI College Pasay, STI College Dipolog and STI College San Francisco. STI College Parañaque Inc., another franchise-owned school, also decided to suspend its operations effective SY 2020-2021. STI-ESG said students enrolled in the affected schools were given the option to transfer to other STI schools. ‘The suspension and cessation of operations of the STI schools mentioned above will not have a material financial impact on the corporation since most of the affected students will be transferred to other STI schools and the savings on costs outweigh the revenues to be received,’ the company said. . . . . Meanwhile, STI-ESG approved the sale of 20-percent stake in Maestro Holdings Inc. to Carret Private Investments Limited. . . . .” In connection with the foregoing news article, STI Education Systems Holdings, Inc. (“STI ESH”) confirms the information contained in the above-quoted news article. STI ESH has no new information to add to the disclosure of STI ESG dated 24 September 2020.
Other Relevant Information
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