C06610-2021

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)
Oct 4, 2021
2. SEC Identification Number
PW-937
3. BIR Tax Identification No.
000-391-438-000
4. Exact name of issuer as specified in its charter
EEI CORPORATION
5. Province, country or other jurisdiction of incorporation
MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
NO. 12 MANGGAHAN ST., BAGUMBAYAN, QUEZON CITY Postal Code 1110
8. Issuer's telephone number, including area code
(02) 8-334-2677
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 1,036,281,485
11. Indicate the item numbers reported herein
N/A

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.

EEI CorporationEEI

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

New Filipino app to meet digital solutions needs for shippers and truckers
Background/Description of the Disclosure

EEI Corporation, an affiliate of the Yuchengco Group of Companies (YGC), introduces a Filipino-made logistics mobile app and web based platform that supports frontload cargo transport and fleet management. Called eCarga, the app utilizes several platforms that will initially serve hundreds of shippers, professional truck owners, and drivers operating within Luzon.

EEI Corporation President and CEO Roberto Jose L. Castillo said that the eCarga app’s goal is to fulfill the growing demand for a more efficient flow of local cargo deliveries.

“The app is designed to connect our local shippers and truckers so they can meet real-time demand for cargo deliveries. It is our way of addressing the evolving industry needs through solutions that are convenient, fast and secure,” Castillo said.

The initial fleet accredited by eCarga includes over a hundred trucks combining open and closed type vans. Accreditation of more professional truckers shall continue to allow eCarga adopt to the expected increase in demand from consumers. Thru its mobile app for shippers, EEI targets to have 400 active users by Q4 of 2021 and 1,500 by end of 2022. Depending on the actual customer demand, EEI intends to continuously make adjustments in fleet size specific to the type of truck needed.

eCarga also plans to extend its logistics platform and capabilities to support backload service, business-to-business (B2B) market, and offer multi-modal logistics services thru innovative digital platforms.

Using the eCarga mobile app, shippers only need to make a few taps to book a pick-up and delivery request with the necessary shipping details. The truck owners can access the request through a web based platform where they can also perform Fleet and Schedule Management. The first registered truck owner who receives the request gets the delivery task and assign it to one of his drivers. The driver then receives the assignment details through his own mobile application.

eCarga apps and platform enables cashless cargo transport with tracking and monitoring capabilities that provides convenience, safety, and seamless delivery of goods. On the admin side, eCarga handles day to day operations, which include app and platform registration, delivery monitoring and customer support, thru its admin platform.

Booking fee is competitive in the market. Operations will be rolled out in three phases for the next three years to eventually cover transport logistics requirements outside of Luzon.

The eCarga app is initially available for download via Google Playstore. Its platforms can be accessed through its official webpage www.ecarga.com.ph.
Other Relevant Information

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Filed on behalf by:
Name Teresita Salazar
Designation Sr. Legal Services Officer