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)

Aug 10, 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 Launches Full Product Portfolio To Serve Households With Various Income Levels Maintains Strong Overall Residential Net Adds Over The Six Months At 92,302 With Prepaid Subscriber Net Adds Doubling From 1Q2023 Industry-Leading Trifecta With Consolidated Revenues Growing YoY By 8.1%, EBITDA Margin Expanding To 57.9%, And ROIC Growing To 15.4%
Background/Description of the Disclosure
The Philippines’ only pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) (“Converge” or the “Company”) ended the first half of 2023 with a total of 1,969,663 subscribers. This is comprised of 1,915,502 postpaid subscribers and 54,161 prepaid subscribers. Net additional subscribers reached 92,302 in the first half. Surf2Sawa prepaid subscribers grew to almost double its subscriber base since March 2023 The Company’s free cash flows to firm (FCFF) remains positive at P2,866 million. This 2023 is the first year that Converge expects to be full-year FCFF positive given the stable growth in operating cash flows with the lower capital expenditures for the year. With the deepening of its presence in new areas, particularly in North Luzon, Visayas, and Mindanao, and its introduction of new products catering to low income households which comprised the broader segment of the market as well as the innovative solutions for enterprises, especially for small and medium enterprises (SMEs), the Company continued to see various potential for subscriber growth in the coming quarters and years as it is well-positioned to connect more underserved and unserved customers given its extensive infrastructure and innovative packages.
Other Relevant Information
Please see attached the full press release.