C06410-2025

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)
Sep 2, 2025
2. SEC Identification Number
42543
3. BIR Tax Identification No.
000-196-724
4. Exact name of issuer as specified in its charter
ASIABEST GROUP INTERNATIONAL INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
8F Chatham House, 116 Valero St. Salcedo VIllage Makati City Postal Code 1227
8. Issuer's telephone number, including area code
88443871
9. Former name or former address, if changed since last report
-
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 Stock, P1.00 par value 300,000,000
11. Indicate the item numbers reported herein
No. 9 Other Events

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.

Asiabest Group International Inc.ABG

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 re: News Article BizBuzz article entitled “BIZ BUZZ: ABG defers re-IPO, upsizes issue
Source Inquirer.net
Subject of News Report BizBuzz article entitled “BIZ BUZZ: ABG defers re-IPO, upsizes issue
Date of Publication Sep 1, 2025
Clarification of News Report

Dear Ms. Ang,

We acknowledge receipt of your email dated September 1, 2025 directing Asiabest Group International Inc. (“ABG” or the “Company”) to clarify the BizBuzz article entitled “BIZ BUZZ: ABG defers re-IPO, upsizes issue” posted on Inquirer.net on September 1, 2025 (the “Article”), which stated in part:

“After completing the tender offer to minority shareholders that gave him a total of 66.7-percent control of shell company Asiabest Group International (ABG), infrastructure ecosystem builder Francis Lloyd Chua originally intended to conduct a follow-on offering worth as much as P3 billion this third quarter of 2025.

This re-initial public offering (re-IPO) will have to wait, however, until the second quarter of next year, Chua told Biz Buzz.

. . . .

Chua intends to infuse Kabalayan Housing into ABG this third quarter. Using new precast and modular technologies, this unit aims to be a housing powerhouse that can produce 1,000 housing units per day.

. . . .

With a bigger portfolio to enter through the backdoor, Leyte’s homegrown, up-and-coming tycoon thus said the offering size may be bigger than the P3 billion originally intended. —Doris Dumlao-Abadilla”

Please be informed that the matters raised in your letter—namely: (1) the planned infusion of Kabalayan Housing; and (2) any potential increase in the contemplated follow-on offering—are on the agenda of ABG’s Board of Directors meeting tomorrow, September 2, 2025. For clarity, this Board meeting was set in ABG’s regular corporate calendar and scheduled prior to the publication of the Article, and is not being convened in reaction to it.

Thus: Following the Board’s deliberations, the Company will submit a full, fair, accurate, and timely disclosurepromptly after the meeting. Until such time as the Board has considered and acted on these matters, there are no definitive corporate actions to disclose, and any statements on timing or size remain subject to Board approval and applicable regulatory requirements.

At this time, the Company cannot confirm the accuracy of the specific figures cited in the Article—including, without limitation, references to timing (e.g., “second quarter of next year” and “third quarter this year”), operational targets (e.g., “1,000 housing units per day”), and the potential size of any offering (e.g., “more than Php3 billion”)—as these matters remain under evaluation and subject to Board approval and applicable regulatory requirements. The Company has no knowledge as to the basis for such figures and did not authorize their release, and therefore is unable to validate them at this time.

Thank you, and we appreciate the Exchange’s guidance.
Other Relevant Information

please see attached
Filed on behalf by:
Name MONINA JANE NAZAL
Designation Associate Lawyer