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Basic Energy CorporationBSC

CMIC Form 2 - Reply to Inquiry on: Unusual Price Movement Reference: Article XI-A, Section 5 of the CMIC Rules

Date of Report	Jan 26, 2021

Subject
Unusual Price decreased of Basic shares from Php 1.05 to Php 0.74
Background/Description of the Disclosure
See attached sworn letter explanation dated January 26, 2021