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)

Dec 2, 2020

2. SEC Identification Number

CS200321240

3. BIR Tax Identification No.

227599320

4. Exact name of issuer as specified in its charter

CEBU LANDMASTERS, INC

5. Province, country or other jurisdiction of incorporation

CEBU CITY, CEBU, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000

8. Issuer's telephone number, including area code

(032) 2314914

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 SHARES	1,555,000,000

11. Indicate the item numbers reported herein

OTHER ITEMS

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.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
CLI declares stock dividends to position firm for even more robust growth
Background/Description of the Disclosure
In a recent disclosure to the Philippine Stock Exchange, Cebu Landmasters, Inc. (CLI) announced that its Board of Directors approved the issuance of stock dividends amounting to 122 percent of its current outstanding shares. This represents 1,900,000,000 common stocks to be issued from the company’s unrestricted retained earnings as of Sept. 30, 2020. This development “will enable CLI to position its equity to take in the growth we expect from our various projects in 15 key cities of Visayas and Mindanao,” according to Grant Cheng, chief financial officer of the firm listed in 2017. Since then, CLI has posted a compounded growth rate of 53.26 percent from 2017 to 2019 in revenues from 2.3 billion to 8.5 billion, and 38 percent in net income to parent from 767 million in 2017 to 2 billion in 2019. The company now has more than 70 projects in various stages of development. From residential projects focused on the economic and mid-market segments, CLI has also expanded its product lines to include large-scale developments such as the 22-hectare Davao Global Township (DGT) envisioned to be Mindanao’s premier master-planned business district and the 100-hectare Minglanilla reclamation project designed to maximize Cebu’s tremendous growth opportunities from manufacturing and other robustly growing industries. “This increase in stocks prepares the company for any significant equity raising opportunities in the future and allows us to go to market more readily should there be a need,” observed Cheng. This will also create a greater number of public float shares to allow more investors to participate in CLI’s growth momentum. The aforementioned stock dividends will be sourced from the increase in authorized capital stock of CLI upon approval of the Securities and Exchange Commission. These will also be submitted for approval in a special stockholders meeting to be called within the first quarter of 2021. A 2020 market study done by Santos Knight Frank disclosed that CLI remains as the leading developer in the Visayas and Mindanao region, keeping its market position in VisMin for 2 consecutive years. ###
Other Relevant Information
-