C05779-2021

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)
Aug 20, 2021
2. SEC Identification Number
CS200321240
3. BIR Tax Identification No.
227-599-320-000
4. Exact name of issuer as specified in its charter
CEBU LANDMASTERS, INC
5. Province, country or other jurisdiction of incorporation
CEBU CITY, CEBU, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY Postal Code 6000
8. Issuer's telephone number, including area code
(032) 2314914
9. Former name or former address, if changed since last report
N/A
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 3,623,451,997
11. Indicate the item numbers reported herein
OTHER ITEMS

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.

Cebu Landmasters, Inc.CLI

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Xavier Ateneo, Cebu Landmasters seal agreement on the ‘Campus of the Future’ and University Township in CDO
Background/Description of the Disclosure

Leading VisMin developer Cebu Landmasters Inc. (CLI) announced the signing of a Memorandum of Agreement (MOA) to acquire 14.3 hectares of Xavier University (XU) - Ateneo de Cagayan’s Manresa Property in uptown Cagayan de Oro. Proceeds of which will be used to develop the new XU Masterson Campus, which at 21 hectares will be three times larger in area than the current campus.

Provisions in the agreement prepared by Xavier University and endorsed by Jesuit leaderships in the Philippines and in Rome were approved by the Vatican after a thorough two-year review process. This also followed a series of several consultations held in 2019 with XU’s employees, students, alumni, parents, CDO officials, clergy, and other members of the CDO community.

The new 21-hectare XU Masterson Campus, named after the late Fr William Masterson SJ, is envisioned to catalyze development in Northern Mindanao with a Sustainable and New Normal-ready Campus Masterplan – characterized by an abundance of space, green areas, wide roads, dedicated bike lanes, campus-wide wireless connectivity, and healthy and adaptable learning facilities for virtual and physical classes. This “Campus of the Future'' aims for a more socially relevant and inclusive learning institution focused on strengthening Xavier University’s colleges and schools.

The masterplan of the XU Masterson Campus will blend seamlessly with the adjacent Manresa Town to be developed by Cebu Landmasters, a 14.3-hectare mixed-use university town with generous open spaces providing XU students convenient and safe residential options, easy access to commercial establishments and future-ready offices. This University Town concept creates strong synergies which will benefit both XU and the surrounding uptown CDO community.

After the necessary permits are secured, development of the campus is scheduled to begin in 2Q 2022. The 21-hectare “campus of the future” will be supplemented by over 25 hectares of surrounding forested area. The Masterson Campus is scheduled to open in 2024. Prior to that, the current campus will still continue operating in downtown CDO. On the other hand, CLI also targets to complete Phase 1 of its Manresa Town development over the same period.

“We envision an academically stronger university in this new campus – one that will facilitate learning in the new normal and at the same time produce men and women for others that can make relevant contributions to Mindanao,” says Fr. Mars P. Tan S.J., President of Xavier University and an environmentalist.

CLI chairman and chief executive officer Jose Soberano III declared that the listed company is honored to be part of this game-changing project for both XU and CDO. “Both CLI and XU have always shared the same goal – this New Campus and University Town is truly for the betterment of the people of Cagayan de Oro City. This development will serve as a key catalyst for both the education and economy in the entire region.” ###
Other Relevant Information

This disclosure will be amended to add the photos during the MOA signing.
Filed on behalf by:
Name Larri-Nil Veloso
Designation AVP-Legal