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Xurpas Inc.X

PSE Disclosure Form 17-7 - Statement of Changes in Beneficial
Ownership of Securities References: SRC Rule 23 and
Section 17.5 of the Revised Disclosure Rules

Name of Reporting Person Alvin D. Lao
Relationship of Reporting Person to Issuer Independent Director
Description of the Disclosure

In relation to the account with Maybank ATR Kim Eng Securities, Inc. in the names of Dean L. Lao, Yin Yong L. Lao or Alvin D. Lao (the “Subject Account”), from which Mr. Alvin D. Lao was attributed 452,964 common shares (“X shares”) of Xurpas Inc. (the “Company”), the Company hereby discloses that Mr. Alvin D. Lao is no longer a co-holder of the Subject Account effective March 22, 2017. As a result thereof, the Reporting Shareholder has no more ownership, beneficial or otherwise, over the shares held in the Subject Account and has effectively divested said 452,964 X shares.

Please see attached Statement of Changes in Beneficial Ownership of Securities (SEC Form 23-B) of Mr. Alvin D. Lao, for your reference.

Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer