| C00544-2026 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common Shares | 2,513,603,812 |
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Xurpas Inc.X| Subject of the Disclosure |
|---|
On January 27, 2026, the Board of Directors of Xurpas Inc. (the “Corporation”) approved and authorized the sale of its equity stake in PT Sembilan Digital Investama (“PT SDI”), an Indonesian Company. |
| Background/Description of the Disclosure |
The transaction involves Xurpas' sale of its equity shares in PT Sembilan Digital Investama, an Indonesian company |
| Date of Approval by Board of Directors |
Jan 27, 2026 |
|---|
| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
|---|
Proceeds will be used for the company’s general and working capital requirements. |
| Date | TBA |
|---|
| Manner |
|---|
Negotiated between parties. |
| Description of the company to be acquired or sold |
Xurpas acquired 49% equity shares in PT Sembilan Digital Investama (SDI), an Indonesian company in 2015. |
| Number of shares to be acquired or disposed | 1,470 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 49 |
| Price per share | IDR 1,250,000 |
| Nature and amount of consideration given or received |
|---|
For the share purchase and other fees, Xurpas expects to receive a total of IDR 5,000,000,000 (approximately PHP 17.6 million). |
| Principle followed in determining the amount of consideration |
The parties determined the selling price after negotiations. |
| Terms of payment |
Cash |
| Conditions precedent to closing of the transaction, if any |
Completion of the transaction is subject to the Sale and Purchase Deeds being duly and properly executed on the Completion Date in accordance with Indonesian law, either by the authorized officers of each Party or, where applicable, by authorized representatives acting under a duly executed Power of Attorney from such officers. This will also require approval from regulators in Indonesia. |
| Any other salient terms |
None. |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
|---|
Proceeds will be used for the company’s general and working capital requirements. |
| Other Relevant Information |
None. |
| Name | Mark Gorriceta |
|---|---|
| Designation | Corporate Secretary and Chief Legal Officer |