C04328-2023

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 31, 2023
2. SEC Identification Number
PW15-A
3. BIR Tax Identification No.
000-290-538-000
4. Exact name of issuer as specified in its charter
Roxas Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
14/F Net One Center, 26th street corner 3rd Avenue Bonifacio Global City, Taguig, Metro Manila Postal Code 1634
8. Issuer's telephone number, including area code
8771-7800
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 1,547,935,799
11. Indicate the item numbers reported herein
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.

Roxas Holdings, Inc.ROX

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of the news article entitled "URC buys CADP's idle sugar milling assets" posted in posted in Manila Bulletin (Online Edition) on May 30, 2023.

Source Manila Bulletin (Online Edition)
Subject of News Report "URC buys CADP's idle sugar milling assets"
Date of Publication May 30, 2023
Clarification of News Report

This refers to the news articles posted in various online sites on May 30, 2023, particularly the news article posted in Manila Bulletin (Online Edition) entitled “URC buys CADP's idle sugar milling assets” which reported in part that:

“Universal Robina Corporation (URC), the food and beverage unit of the Gokongwei Group, is acquiring the idle sugar milling machinery and equipment of Central Azucarera Don Pedro Inc. (CADPI) for an undisclosed amount.

...."

The Roxas Holdings, Inc. (RHI) Group, which includes its wholly-owned subsidiary, Central Azucarera Don Pedro, Inc. (CADPI), confirms that the above statements are fair and accurate.

Consistent with earlier submissions, specifically in a clarification dated March 23, 2023 to the Exchange, RHI had disclosed that CADPI is selling the unutilized and idle equipment and machineries of the mill. The plan is for the Batangas operations to focus on its remaining sugar refinery operations, seeing that this has more potential for sustainable operations.

The value of the milling assets stands at Php897 Million, and has been consistently tagged as “Asset Held for Sale” in RHI’s latest Quarterly Reports (SEC Form 17Q) for the last two reporting periods. Compared with the total consolidated assets of RHI at Php14.1Billion as of March 31, 2023, such transaction will not breach the materiality threshold of the Exchange, and considering further that the mill operations of CADPI has been discontinued as early as December last year.

Thank you.

Other Relevant Information

None

Filed on behalf by:
Name AIMEE PEDAYO
Designation Legal Manager