C03664-2023

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)
May 11, 2023
2. SEC Identification Number
CS200716094
3. BIR Tax Identification No.
006-895-049-000
4. Exact name of issuer as specified in its charter
Converge Information and Communications Technology Solutions, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
New Street Building, Mc Arthur Highway, Balibago, Angeles City, Pampanga Postal Code 2009
8. Issuer's telephone number, including area code
(02) 8667-0888
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 Shares 7,266,573,061
Fixed Rate Bonds 10,000,000,000
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.

Converge Information and Communications Technology Solutions, Inc.CNVRG

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

Converge sustains growth trend with solid financial results and industry-leading residential net adds growth in the first quarter; consolidated revenues grew YoY by 11.5%, EBITDA margin expanded to 59.9%, and ROIC at 15.0%

Background/Description of the Disclosure

Converge ended the first quarter of 2023 with 1,920,361 residential subscribers (1,891,366 postpaid subscribers and 28,995 prepaid subscribers). The total quarterly net additions continued to increase from 4Q2022 with normalized quarterly revenues also growing.

The Company sees various opportunities for subscriber growth in the coming years as it is positioned to connect unserved customers, supported by its expansion into the Visayas and Mindanao region. With successfully capturing a sizeable portion of the upper income segments, the Company now continues to expand its reach into the lower income segments via its foray into lower cost products, such as prepaid fiber. This expansion is supported by extensive infrastructure and innovative plans.

Other Relevant Information

Please see attached full press release.

Filed on behalf by:
Name Owen Kieffer Ocampo
Designation Investor Relations Director