C07758-2023

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)
Oct 31, 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 4-30 - 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

TODAY, DOUBLEDRAGON'S SUBSIDIARY HOTEL101 GLOBAL COMPLETES THE LAND PURCHASE IN MADRID SPAIN

Background/Description of the Disclosure

TODAY, DOUBLEDRAGON'S SUBSIDIARY HOTEL101 GLOBAL COMPLETES THE LAND PURCHASE IN MADRID SPAIN


Today, October 31, 2023, DoubleDragon's subsidiary Hotel101 Global has received all the pertinent executed land purchase documents and has made the full complete payment for the purchase of the 6,593 square meters of prime commercial land in Madrid Spain.

Following completion of the land purchase Hotel101 Global has taken full possession of the prime land in Valdebebas Madrid Spain, located in Avenida Fuerzas Armadas, Valdebebas, Madrid which is surrounded by major landmark buildings and is about 3 minutes walk to the Valdebebas Train Station, 4 minutes walk to IFEMA convention complex, 5 minutes walk to Real Madrid Sports Complex, and around 7 minutes to the new Madrid Barajas International Airport.

Hotel101-Madrid Spain is expected to be completed in Q4 2025.

Robust condotel sales revenue of about €143.3 Million Euros (P8.8 Billion Pesos) is expected to be generated from the Hotel101- Madrid project.
The Golden Visa processing and advisory fee that costs about 6,000 EURO will be Free of Charge for those who will purchase 3 Hotel101 units in Madrid Spain from the start of the unit pre-selling until December 31, 2023 or until the units are fully sold out, whichever comes first.

Other Relevant Information

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Filed on behalf by:
Name Jose Roelph Desales
Designation Investor Relations Head