1. Date of Report (Date of earliest event reported)
Jul 21, 2021
2. SEC Identification Number
3. BIR Tax Identification No.
4. Exact name of issuer as specified in its charter
Cirtek Holdings Philippines Corporation
5. Province, country or other jurisdiction of incorporation
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
116 East Main Avenue Phase V SEZ Laguna Technopark Binan Laguna Postal Code 4024
8. Issuer's telephone number, including area code
02 7729 62 05
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
TECH 419,063,353
Preferred B2 A 67,000,000
Preferred B2 B 20,000,000
11. Indicate the item numbers reported herein
Item 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.

Cirtek Holdings Philippines CorporationTECH

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure

Updates on the planned IPO at Nasdaq of Quintel

Background/Description of the Disclosure

Cirtek Holdings Philippines Corporation would like to update the investing public in relation to the planned IPO at Nasdaq of Quintel, a fully-owned subsidiary of TECH, as disclosed by the Company last October 19,2017 using PSE Disclosure Form 4-13 Clarification of News Report and reported in an article entitled “Cirtek readies Quintel for US listing” published in Inquirer.Net on October 19, 2017.

The Company would like to clarify that the Management continues to contemplate the possibility of pursuing an IPO of Quintel in the US. However, this is still under consideration as the Company is on the constant lookout to further grow Quintel’s business. It remains to be an aspiration and part of the overall plan. However due to the pandemic, the global business economy has been affected where growth momentum in the sector and in every industry has slowed down. No definite plans nor a timetable has been set for an IPO of Quintel. While this remains part of the long-term vision, the Company is continuously working on riding the recovery wave and is at the forefront having successfully won extension of supply contracts to the top 1 and top 2 ranking carriers in the world for the supply of its 5G new products at a time when the US is at an inflection point for 5G network upgrade transition. The Company aims to establish consecutive growth and to enter the US capital markets at a time that will be most favorable to a listing.

Rest assured that the Company will submit the required approvals and disclosures at the appropriate time in connection with this matter.

Other Relevant Information


Filed on behalf by:
Name Emelita Cruzada
Designation Chief Compliance Officer