C03284-2024

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 16, 2024
2. SEC Identification Number
10683
3. BIR Tax Identification No.
000-141-166-000
4. Exact name of issuer as specified in its charter
SUNTRUST RESORT HOLDINGS, 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 Resort Holdings, 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

Agreements for the Supply, Delivery, and Installation of Kitchen Equipment between Suntrust Resort Holdings, Inc. and Gomeco Metal Corporation
Background/Description of the Disclosure

On 16 May 2024, Suntrust Resort Holdings, Inc. (formerly Suntrust Home Developers, Inc.) (the “Company”) entered into the following agreements with Gomeco Metal Corporation (“Gomeco Metal”):

1. Supply and Delivery of Kitchen Equipment for Site I of the Main Hotel Casino

Supply of kitchen equipment for Site I (“Kitchen Equipment Batch 2A”) of the Westside City Phase 1 – Site B Project in connection with the development of a five (5)-star hotel and casino establishment at the Entertainment City in Parañaque City (the “Main Hotel Casino”)

Contract Price:

One Hundred Twenty-Six Million Eight Hundred Fifty Thousand Six Hundred Eighty-Six Philippine Pesos (PhP126,850,686.00), inclusive of value-added tax (“VAT”)

Payment Terms:

(i) Twenty percent (20%) as down payment
(ii) Thirty-five percent (35%) upon delivery
(iii) Twenty percent (20%) upon installation
(iv) Fifteen percent (15%) upon testing and commissioning
(v) Ten percent (10%) upon acceptance

2. Supply and Delivery of Kitchen Equipment for Site II of the Main Hotel Casino

Supply of kitchen equipment for Site II (“Kitchen Equipment Batch 2B”) of the Main Hotel Casino

Contract Price:

Six-Three Million Four Hundred Forty-Three Thousand Eight Hundred Ninety-Six Philippine Pesos (PhP63,443,896.00), inclusive of VAT

Payment Terms:

(i) Twenty percent (20%) as down payment
(ii) Thirty-five percent (35%) upon delivery
(iii) Twenty percent (20%) upon installation
(iv) Fifteen percent (15%) upon testing and commissioning
(v) Ten percent (10%) after one (1) year from acceptance

3. Installation of Kitchen Equipment at Site I of the Main Hotel Casino

Installation of Kitchen Equipment Batch 2A at Site I of the Main Hotel Casino


Contract Price:

Three Million Seven Hundred Seventy-Nine Thousand One Hundred Sixty Philippine Pesos (PhP3,779,160.00), inclusive of VAT

Payment Terms:

(i) Twenty percent (20%) as down payment
(ii) Ten percent (10%) after one (1) year from acceptance
(iii) The balance, by progress billing

4. Installation of Kitchen Equipment at Site II of the Main Hotel Casino

Installation of Kitchen Equipment Batch 2B at Site II of the Main Hotel Casino

Contract Price:

Two Million Nine Hundred Nine Thousand Nine Hundred Twenty Philippine Pesos (PhP2,909,920.00), inclusive of VAT

Payment Terms:

(i) Twenty percent (20%) as down payment
(ii) Ten percent (10%) after one (1) year from acceptance
(iii) The balance, by progress billing

Other material conditions applicable to (1) and (2) are as follows:

(i) Gomeco Metal to submit a down payment bond and a performance bond, which shall remain in full force and effect throughout the life of the relevant supply agreement; and
(ii) The warranty period shall commence on the date of delivery and shall extend for a period of one (1) year from the date of acceptance by the Company.

On the other hand, other material conditions applicable to (3) and (4) are as follows:

(i) Gomeco Metal to submit a down payment bond and a performance bond, which shall remain in full force and effect throughout the life of the relevant installation agreement; and
(ii) The warranty period shall be for a period of one (1) year, to be reckoned from the date of acceptance by the Company of the relevant installation agreement.

The execution of the foregoing agreements with Gomeco Metal for the supply, delivery, and installation of kitchen equipment at the Main Hotel Casino is not expected to adversely affect the business, operations, and financial condition of the Company. On the contrary, the signing of said supply and installation agreements is expected to benefit the Company as the supply of equipment and provision of services contemplated therein are in furtherance of the ongoing construction and development of the Main Hotel Casino.
Other Relevant Information

Please see attached SEC Form 17-C.
Filed on behalf by:
Name Nelileen Baxa
Designation Corporate Secretary