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 11, 2019

2. SEC Identification Number

A200117708

3. BIR Tax Identification No.

219-934-330

4. Exact name of issuer as specified in its charter

Xurpas Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7F Cambridge Centre Building 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227

8. Issuer's telephone number, including area code

(632)889-6467

9. Former name or former address, if changed since last report

Not Applicable

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	1,871,830,210

11. Indicate the item numbers reported herein

2 and 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.

Xurpas Inc.X

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
Results of Board Meeting
Background/Description of the Disclosure
On September 11, 2019, the board of directors (the "Board") of Xurpas Inc. ("Xurpas") approved the following: a. Sale of 51% of Yondu Inc. to Globe Telecom, Inc. at a purchase price of Php501 million; and b. Dissolution of Xeleb Technologies Inc. and Xeleb Inc. The said entities were engaged in the business of developing and distributing celebrity themed mobile games, which forms part of Xurpas’ mobile consumer business. The mobile consumer business of Xurpas Group substantially declined due to the new policies implemented by Telcos for all VAS providers. Considering that Xeleb Technologies Inc. and Xeleb Inc. currently have no significant contribution to the Xurpas Group, Xurpas' Board approved to dissolve the said entities. The Board authorized Xurpas Management to secure full control over the said entities and thereafter, dissolve and liquidate the same.
Other Relevant Information
None