C08110-2021

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, 2021
2. SEC Identification Number
10683
3. BIR Tax Identification No.
000-141-166
4. Exact name of issuer as specified in its charter
SUNTRUST HOME DEVELOPERS, INC.
5. Province, country or other jurisdiction of incorporation
METRO MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
26th Floor, Alliance Global Tower, 36th Street cor. 11th Avenue, Uptown Bonifacio, Taguig City Postal Code 1634
8. Issuer's telephone number, including area code
(632) 8894-6300
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 7,250,000,000
11. Indicate the item numbers reported herein
Item 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.

Suntrust Home Developers, Inc.SUN

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

Supplemental Disclosure on the disclosures made by Suntrust Home Developers, Inc. (“SUN”) on November 30, 2021 in relation to the arrest of Mr. Chau Cheok Wa.

Background/Description of the Disclosure

As previously disclosed, the board of directors of Suncity Group Holdings Ltd (“Suncity Holdings”) is of the view that, save for the risk of Sun City Gaming Promotion Company Limited (a company wholly-owned by Mr. Chau Cheok Wa (“Mr. Chau”)) being unable to supply hotel accommodation products to Suncity Holdings and its subsidiaries (the “Group”) (under the Group’s travel and related business segment) and the potential risk of loss of financial support of Mr. Chau, the issue surrounding Mr. Chau does not have any direct material adverse impact on the financial position, business or operations of the Group. As the Group is operated by a team of management personnel, the board of directors of Suncity Holdings does not expect the incident to have a material adverse impact on the daily operations of the Group, and as of the date of the announcement, there is no material disruption to the Group’s businesses.
Similarly, as of the date of the disclosures, the board of directors of SUN does not expect that the issue surrounding Mr. Chau, an executive Director, the chairman of the Board and a controlling shareholder of Suncity Holdings and a non-executive Director, the chairman of the Board and a controlling shareholder of Summit Ascent Holdings Limited, will have any direct material adverse impact on the financial position, business, or operations of SUN.
SUN currently does not have commercial operations and the construction of its 5-star hotel and casino complex (Main Hotel Casino) is progressing as scheduled. At the time of this announcement, the above development is not expected to have a material impact on the timeline of the construction. As of September 30, 2021, SUN’s balance sheet reflects cash and cash equivalents of approximately Php7.7 billion which will support immediate construction and working capital requirements.

Other Relevant Information

None.

Filed on behalf by:
Name Nelileen Baxa
Designation Corporate Secretary