C05028-2024

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)
Jul 30, 2024
2. SEC Identification Number
CS200511816
3. BIR Tax Identification No.
239-508-223-000
4. Exact name of issuer as specified in its charter
8990 Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
11F Liberty Center, 104 HV Dela Costa, Salcedo Village, Makati City, Philippines Postal Code 1227
8. Issuer's telephone number, including area code
(632)84789659/85333915/85333917
9. Former name or former address, if changed since last report
NA
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 5,261,181,820
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.

8990 Holdings, Inc.HOUSE

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Article entitled “8990 Pag-IBIG loan takeouts surge in 2023” posted in BusinessMirror (Online Edition) on July 30, 2024
Source BusinessMirror (Online Edition) on July 30, 2024
Subject of News Report “8990 Pag-IBIG loan takeouts surge in 2023”
Date of Publication Jul 30, 2024
Clarification of News Report

We reply to your request for clarification on the news article entitled “8990 Pag-IBIG loan takeouts surge in 2023” posted in BusinessMirror (Online Edition) on July 30, 2024, which reported in part that:

“Mass housing developer 8990 Holdings Inc. on Monday said the company’s housing loan takeouts or proceeds from the Home Development Mutual Fund (Pag-IBIG Fund) more than doubled in 2023 from close to P6 billion recorded in 2022.
. . .
8990 said it expects to generate approximately P155 billion in potential revenues in the next seven to eight years from its ‘strategic landbanking efforts’ nationwide.
Of the company’s 718 hectares of landholdings, 436 hectares are in the Visayas region; Luzon, 197 hectares; and Mindanao, 86 hectares.
With a strong pipeline of affordable housing projects in the near term, the company’s revenue goal ’underlines our commitment to sustainable growth and success.’ Sotto said.
Last year, 8990 delivered 12,679 affordable homes, or an increase of 14 percent from the previous year’s 11,145 units.
. . . .”

We confirm the Company’s statements above and clarify that the potential revenues are based on revenue expectations from the Company’s current landbank.
Other Relevant Information

Note that statements relating to future expectations and/or projections of the Company by its management team, with respect to the Company and its portfolio companies. These statements are generally identified by forward-looking words such as “believe”, “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, or other similar words. These statements are: (i) presented on the basis of current assumptions which the company’s management team believes to be reasonable and presumed correct based on available data at the time these were made, (ii) based on assumptions regarding the Company’s present and future business strategies, and the environment in which it will operate in the future, (iii) a reflection of our current views with respect to future events and not a guarantee of future performance, and (iv) subject to certain factors which may cause some or all of the assumptions not to occur or cause actual results to diverge significantly from those projected. Any and all forward looking statements made by the Company or any persons acting on its behalf are deemed qualified in their entirety by these cautionary statements.
Filed on behalf by:
Name Patricia Victoria Ilagan
Designation Investor Relations Officer