C00380-2024

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)
Jan 24, 2024
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

DOUBLEDRAGON’S HOTEL101-MADRID PRIME PROPERTY JUST BECAME EVEN MORE PRIME FOLLOWING FORMULA 1’s OFFICIAL ANNOUNCEMENT YESTERDAY
Background/Description of the Disclosure

Today, January 24, 2024; DoubleDragon is pleased to announce that the 6,593 square-meter property recently purchased by Hotel101 Global for the upcoming 680 Rooms Hotel101-Madrid in Valdebebas in Madrid, Spain is located right beside the F1 Grand Prix Track that was released by Formula 1.

Hotel101-Madrid is currently the only upcoming hotel right beside the F1 Madrid Track and is expected to be one of the Top 5 largest hotels in Madrid, Spain.

Given this new development officially announced last night by F1 regarding Madrid F1 Grand Prix, DoubleDragon expects the land value of the prime and centrally-located commercial land it has purchased to have substantially appreciated and could translate to a faster sales offtake. Robust condotel sales revenue of about €143.3 Million Euros (¿8.8 Billion Pesos) is expected to be generated from the Hotel101-Madrid project.

Following completion of the land purchase last October 31, 2023, 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.

Formula 1 has officially announced last night, January 23, 2024, that the Spanish Grand Prix will be held in Madrid starting 2026 following an agreement with MADRID IFEMA to bring an all-new circuit to Madrid, Spain with street and non-street sections. It has been over 40 years since the last F1 in Madrid was conducted, thus making this news a great welcome development for Madrid. The upcoming Grand Prix in Madrid is projected to have the capacity to host more than 100,000 per day, making Madrid one of the largest venues on the F1 calendar.

Hotel101-Madrid is scheduled and expected to begin construction in March 2024, and poised to be completed by Q4 2025, just in time for the 2026 F1 Grand Prix in Madrid, Spain.
Other Relevant Information

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