C04120-2023

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)
May 19, 2023
2. SEC Identification Number
15393
3. BIR Tax Identification No.
000-463-069-000
4. Exact name of issuer as specified in its charter
House of Investments, Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9F Grepalife Building 221 Sen. Gil Puyat Ave., Makati City, Metro Manila Postal Code 1200
8. Issuer's telephone number, including area code
(632) 8815 9636
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 776,465,281
11. Indicate the item numbers reported herein
N/A

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.

House of Investments, Inc.HI

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Approval by the Board of Directors to bring in a new strategic partner to EEI Corporation.

Background/Description of the Disclosure

The Board of Directors approved to sell 148,664,942 common shares, representing 14.346% of the outstanding common shares of EEI Corporation to Industry Holdings and Development Corp.(IHDC) for a total consideration of PhP1,075,555,630.

Updating to inform that the deed of sale was signed today, May 22, 2023.

Additional Update to inform that the cross was done at 1PM today, May 23, 2023.

Date of Approval by
Board of Directors
May 19, 2023
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

IHDC’s entry as a strategic partner is deemed beneficial to EEI’s growth plans and restructuring efforts. Aside from having a partner that will improve the performance of EEI, the proceeds will be used to increase the capitalization of a subsidiary by subscribing to preferred shares in ATYC, Inc.

Details of the acquisition or disposition
Date May 23, 2023
Manner

Cross - Block Sale through PSE

Description of the company to be acquired or sold

EEI Corporation (PSE:EEI) is one of the largest Philippine construction and general contracting firms having domestic and international operations spanning from Asia to the Kingdom of Saudi Arabia.

The terms and conditions of the transaction
Number of shares to be acquired or disposed 148,664,942
Percentage to the total outstanding shares of the company subject of the transaction 14.35
Price per share 7.2348
Nature and amount of consideration given or received

Cash Settlement through crossing broker for PhP1,075,555,630.

Principle followed in determining the amount of consideration

Book value.

Terms of payment

Cash settlement through crossing broker.

Conditions precedent to closing of the transaction, if any

Approval of the PSE for the application of Block Sale
Receipt of Seller of the Consideration

Any other salient terms

None

Identity of the person(s) from whom the shares were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Industry Holdings and Development Corp. None
Effect(s) on the business, financial condition and operations of the Issuer, if any

IHDC is owned by the Chua Group, headed by Mr. Francis Chua, a successful construction engineer with established
business interests in construction supply including pre-cast concrete structures, cement and aggregates, as well as
investments in the logistics and real estate sectors. IHDC's entry as a strategic partner is in line with EEI's growth plans and restructuring effort. The proceeds will be used to subscribe to pay the loans of a subsidiary ATYC, Inc. resulting in lower interest payments and reducing exposure to market risk.

Other Relevant Information

None.

Filed on behalf by:
Name Ma. Esperanza Joven
Designation Vice President