C05354-2023

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)
Jul 12, 2023
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Corporation
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, Philippines Postal Code 1302
8. Issuer's telephone number, including area code
+63288567111
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 2,345,028,600
Preferred 100,000,000
Total Debt (In Millions of Pesos) 56,047.60
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.

DoubleDragon CorporationDD

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

TODAY, 12 JULY 2023, DOUBLEDRAGON’S HOTEL101 OFFICIALLY APPOINTS H2 CHRISTIE’S INTERNATIONAL REAL ESTATE AS THE EXCLUSIVE MASTER SALES AGENT FOR HOTEL101-NISEKO PROJECT

H2 CHRISTIE’S INTERNATIONAL REAL ESTATE SALES GROUP IS PART OF THE WORLD RENOWNED TOP AUCTION HOUSE

DOUBLEDRAGON’S SINGAPORE REGISTERED SUBSIDIARY HOTEL101 GLOBAL PTE. LTD. IS EXPECTED TO GENERATE US$128.88 MILLION (P7.12 BILLION) IN UNIT SALES REVENUE FROM THE HOTEL101-NISEKO PROJECT
Background/Description of the Disclosure

DoubleDragon Corporation ("DoubleDragon”) worldwide hotel expansion subsidiary, Hotel101 Global Pte. Ltd. today July 12, 2023 signs the Exclusive Master Sales Agency Agreement with H2 Christie’s International Real Estate as the sole principal sales and marketing of its first international project, Hotel101-Niseko located in Niseko Hokkaido Japan. H2 Christies may also tap sub-agents under it to market the Hotel101-Niseko units that would come with the perpetual titled individual unit ownership in the sprawling 1.17 hectare free-hold titled land of Hotel101-Niseko.

Hotel101-Niseko, Hokkaido Japan units Project is expected to generate US$128.88 million (P7.12 Billion) in unit sales revenue. The Hotel101- Niseko units are seen as a solid investment since the unit owners are able to directly and perpetually own a real estate hard asset through the full ownership of the unit through a condominium title.
Other Relevant Information

About Hotel101 Global Pte. Ltd.:

The Singapore registered Hotel101 Global Pte. Ltd. (“Hotel101 Global”), is the worldwide hotel expansion subsidiary of Philippine parent company DoubleDragon Corporation.

DoubleDragon targets to list its subsidiary Hotel101 Global Pte Ltd at NASDAQ (US Stock Exchange) given that eventually Hotel101 Global is expected to derive over 95% of its revenues outside the Philippines.

The first three overseas Hotel101 projects will be in Niseko Hokkaido Japan, Madrid Spain, California USA. These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries.

Target near term expansion roadmap for Hotel101 Global is to be in these first 25 countries by 2026 namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China.

About DoubleDragon Corporation:

DoubleDragon Corporation is one of a handful of companies in the Philippines that has accumulated a completed a recurring income portfolio of 1.2 million square meters in diversified hard assets in office leasing with its Jollibee Tower, DoubleDragon Plaza at DD Meridian Park complex, its string of CityMall community centers, its string of CentralHub warehouse complexes, and its string of Hotel101 projects in the Philippines and overseas. As of March 31, 2023, DoubleDragon Corporation’s Total Equity stands at P81.96 Billion and Total Cash Position stands at P9.03 Billion. DoubleDragon has recently been upgraded to Highest PhilRatings PRS Triple A Credit Rating.
Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head