C05114-2023

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 30, 2023
2. SEC Identification Number
21134
3. BIR Tax Identification No.
000234398
4. Exact name of issuer as specified in its charter
VITARICH CORPORATION
5. Province, country or other jurisdiction of incorporation
Bulacan, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Marilao San Jose Road, Sta. Rosa I, Marilao, Bulacan Postal Code 3019
8. Issuer's telephone number, including area code
(+632) 843-3033
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 Stock Total Shares Issued and Outstanding 3,054,334,014
11. Indicate the item numbers reported herein
Item 9. Other Events

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.

Vitarich CorporationVITA

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

Material Related Party Transaction Policy with Luzon Agriventure Inc. (LAVI)
Background/Description of the Disclosure

The Board of Directors of Vitarich Corporation (“Corporation”), during its regular meeting held earlier today, June 30, 2023, approved, confirmed, and ratified the following contracts of the Corporation with Luzon Agriventure Inc. (“LAVI”):

1. Contract to Buy (Broiler), pertaining to the Corporation’s supply of day-old chicks and feeds to LAVI and the latter’s supply of broilers to the Corporation.

2. Contract to Buy (Breeder – Lucban), pertaining to the Corporation’s supply of feeds to LAVI and the latter’s supply of hatching eggs to the Corporation.

The Board of Directors also authorized the Corporation to enter into, sign and execute the Contract to Buy – Hatching Eggs between the Corporation and LAVI for the supply of hatching eggs to the Corporation as well as the Corporation’s supply of feeds to LAVI.

This disclosure is being made in compliance with SEC Memorandum Circular No. 10, series of 2019 and the Corporation’s Material Related Party Transaction Policy since LAVI is a related party of the Corporation and the total estimated amount of the transactions in the three (3) contracts mentioned above, taken together, would likely reach the materiality threshold.

The terms and conditions of the contract as well as the transaction price shall be disclosed in the Advisement Report that the Corporation will file within three calendar days from the execution of the contract.

The foregoing contracts were approved by the affirmative votes of Directors Jose Vicente C. Bengzon, III, Lorenzo Vito M. Sarmiento, III, Benjamin I. Sarmiento, Jr., Atty. Juan Arturo Iluminado C. De Castro, Vicente Julian A. Sarza, and Pierre Carlo C. Curay, who constitute 2/3 of the members of the Board of Directors. Directors Rogelio M. Sarmiento, Ricardo Manuel M. Sarmiento, and Stephanie Nicole S. Garcia abstained from the discussions and approval of the foregoing contracts as they are also stockholders/directors and/or officers of LAVI.

Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Other Relevant Information

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Filed on behalf by:
Name Mary Christine Dabu-Pepito
Designation Corporate Information Officer