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)

Jun 2, 2021

2. SEC Identification Number

CS200716094

3. BIR Tax Identification No.

006-895-049-000

4. Exact name of issuer as specified in its charter

CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga Postal Code 2009

8. Issuer's telephone number, including area code

(02)8667-0888

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	7,526,294,461

11. Indicate the item numbers reported herein

NA

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.

Converge Information and Communications Technology Solutions, Inc.CNVRG

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Acquisition by CNVRG of shares in Digitel Crossing, Inc. ("DCI")
Background/Description of the Disclosure
CNVRG entered into a Deed of Absolute Sale of Shares with Digital Telecommunications Phils., Inc. ("DTPI") for the acquisition 10,000,000 common shares in DCI

Date of Approval by Board of Directors	Aug 13, 2020

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
Acquiring DCI will promote synergies in the telecommunications business of CNVRG and is meant to implement the joint venture between CNVRG, DCI and Pacnet Network (Philippines), Inc.

Details of the acquisition or disposition

Date	Jun 2, 2021

Manner
Acquisition of secondary shares from DTPI
Description of the company to be acquired or sold
DCI maintains and operates the cable landing stations in the Philippines for EAC and C2C cable systems.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	10,000,000
Percentage to the total outstanding shares of the company subject of the transaction	40
Price per share	US$0.484 per DCI common share

Nature and amount of consideration given or received
Total purchase price of Four Million Eight Hundred Thirty-Seven Thousand Five Hundred US Dollars (US$4,837,500) for 10,000,000 DCI common shares
Principle followed in determining the amount of consideration
The parties negotiated and mutually agreed on the purchase price, taking into consideration the estimated fair value of the shares of DCI.
Terms of payment
The full purchase price was paid in cash upon the signing of the Deed of Absolute Sale of Shares
Conditions precedent to closing of the transaction, if any
None
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Digital Telecommunications Phils., Inc. (Seller)	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
Bringing DCI into CNVRG will promote the strategic imperative of CNVRG to expand its capabilities in telecommunications since it acquires interest in entities involve in providing, operating and maintaining the cable landing stations of EAC and C2C international cables.
Other Relevant Information
This is related to the acquisition by CNVRG of shares in Asia Netcom Philippines Corporation ("ANPC") subject of a separate disclosure.