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)

Feb 26, 2021

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 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
DECLARATION OF STOCK DIVIDENDS
Background/Description of the Disclosure
The Board of Directors of Cebu Landmasters, Inc. (“CLI” or the “Company”) at its meeting held on 24 November 2020 approved the declaration of stock dividend of 122% on the outstanding capital stock of CLI or a total of 1,900,000,000 shares of common stock, to be issued out of the unrestricted retained earnings of the Corporation as of 30 September 2020, which stock dividends shall be sourced from the increase in authorized capital stock of the Corporation, and payable to stockholders of record as of a record date to be fixed and approved by the Securities and Exchange Commission (the “Commission”) after necessary approval and endorsement by the Commission shall have been secured, on such payment date as shall be fixed by the Board of Directors of the Corporation together with or after the fixing and approval of the record date. During the Special Stockholders' meeting held on 26 February 2021, the board has presented to the stockholders for approval to distribute 1,912,649,508 new common shares as stock dividends which was duly approved by the stockholders during the special meeting. Further, the proposal entails the following: - Stockholders on record will receive 123 shares for every 100 block of shares. - Stock dividends is in lieu of cash payment from existing stockholders to subscribe the minimum requirement of 25% increase in authorized capital stock.

Type of Securities

• Common
• Preferred-
• Others-

Stock Dividend

Date of Approval by Board of Directors	Nov 24, 2020
Date of Approval by Stockholders	Feb 26, 2021
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Stock Dividend Rate	123%

Source of Dividend Payment
To be paid out of unrestricted retained earnings as of 30 September 2020.

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : - To be taken from an increase in authorized capital stock From: 2,500,000,000 To:10,100,000,000 Number of Shares to be Issued : 1,912,649,508 Others: - Number of Shares to be Issued : -
Record Date	TBA
Payment Date	TBA

Other Relevant Information
The disclosure was amended to incorporate the actual date of approval of the stockholders and the change in the rate of the stock dividends as approved during the special stockholders meeting from 122% to 123% to eliminate fractional shares.