C07367-2023

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 10, 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 10.10.23: HOTEL101 OPENS ITS GLOBAL SALES HUB AND GLOBAL CORPORATE OFFICE IN SINGAPORE

DoubleDragon has purchased a prime office space located at the 4th floor of PLUS Building, 20 Cecil Street at the heart of Raffles Place in Singapore for Hotel101 Global Pte Ltd's Global Corporate Office. The Global Sales Hub is also located in the same building at the Ground Floor of PLUS Building.

Background/Description of the Disclosure

Today, October 10, 2023, DoubleDragon Corporation's subsidiary Hotel101 Global Pte. Ltd. officially opens and formally begins the operation of both its Global Corporate Office and Global Sales Hub in Singapore.

DoubleDragon has purchased a prime office space at the 4th floor of PLUS Building, 20 Cecil street at the heart of Raffles Place in Singapore for Hotel101 Global Pte Ltd's Global Corporate Office. The Global Sales Hub is also located in the same building at the Ground Floor of PLUS Building.

The Hotel101 Global Sales Hub in Singapore has the newest version of Hotel101’s signature 21 square meter HappyRoom equipped with its worldwide standard features such as the Queen bed and Single bed using Emma Sleep mattresses, IOT (internet of things) App operable smart lighting using one single type of bulb, 55 inch smart TV, work desk, universal power outlets, electronic device charger ports, kitchenette with refrigerator and microwave, and an ensuite modern pre-fabricated bathroom.

For its signature look, Hotel101 has chosen the ‘banig’ -- the traditional handwoven mat of the Philippines. Banigs are where Filipino families would gather, form lasting bonds and shape memories. The banig symbolizes home, and that’s how we want you to feel when you are staying at Hotel101. The Hotel101 banig colors were carefully chosen to radiate happiness and intended to evoke a Filipino touch in all Hotel101 projects across different countries worldwide. The Hotel101 signature modern banig was designed by AI (Artificial Intelligence) to symbolize that Hotel101 will always stay ahead of the curve in technological advances.

"If there is one hotel chain that can optimize the use of modern technology in the global hospitality space, we believe it will be Hotel101, given its pioneering standardized signature 21 sqm HappyRooms and asset-light concept globally," said DoubleDragon Chairman Edgar Injap Sia II.

"Eventually, when you stay in any Hotel101, no matter what country you are in, for the first time you will know exactly what to expect," added Mr. Sia.

“The Hotel101 Global Corporate Office functions as the hub for our team members that are based in different countries as we form the right mix of experienced team members that will efficiently lead the expansion of the Hotel101 Unique and Asset-Light business model simultaneously in various countries," said Hotel101 Global CEO Hannah Yulo-Luccini.

"We invite everyone to drop by the Hotel101 Sales Hub at the Ground Floor of PLUS Building in Singapore and grab some complimentary Filipino Blend Coffee, just download the free Hotel101 Global Booking App for entry and that’s it!," added Ms. Yulo-Luccini.

DoubleDragon's Focus:Strengthening the Base, Positioning Globally.The DoubleDragon team has currently two specific and straightforward goals. Firstly for DoubleDragon's Philippine portfolio to fully mature and reach its optimal revenue generation level by 2025. And secondly, for DoubleDragon's Offshore Hotel101 Global portfolio to gain significant market grip overseas by 2025.

"Given that the world economy is getting more and more fragile and volatile, we deemed it imperative, that the only way to future-proof itself is to passionately pursue the target of DoubleDragon's revenues to be derived from geographically diversified sources, that eventually over the longterm, we aim that no single country will contribute over 10% of DD's revenue and income," said DoubleDragon Chairman Edgar Injap Sia II.

"But of course, your company DoubleDragon Corporation, will remain to be a deep rooted Filipino company at its core forever. And your DD team will never stop at any point, doing its unconditional responsibility, to continually be a significant contributor in Nation-Building, with our common goal towards a first world Philippines," added Mr. Sia.

Other Relevant Information

Complimentary Filipino Blend Coffee is available starting today at the Hotel101 Global Sales Hub in Singapore
Just download the free Hotel101 Global Booking App to avail*

Hotel101's Unique Asset-Light Business Model:

Hotel101's unique and pioneering hybrid condotel business model comes with having only one type of room unit type across its global ecosystem making it extraordinarily efficient to build and operate. The highly portable Hotel101 concept also allows it to expand and create the uniform worldwide inventory through direct development, joint venture, and licensing.

Hotel101's Asset-Light concept allows DoubleDragon to generate revenue and income twice, first from the pre-selling of the condotel units, then second after the project is constructed it generates long term recurring revenue from the enrolled units in operating the hotel.

Hotel101 rooms globally are intended to be typical or similar in size and look catering to the mid- end market, enabling a highly efficient booking process allowing guests to know exactly what to expect in a Hotel101 wherever it may be located.

The concept patent of Hotel101’s pioneering condotel concept has already been filed and the Hotel101 trademark and country specific domains have been secured in various countries globally.

The Hotel101 App for both Apple iOS and Android that is designed to efficiently work in multi countries is currently being developed. Hotel101 adopts dynamic pricing on its room rates similar to airline tickets where its room price moves up and down depending on the real time supply and demand on the chosen date of booking.

Hotel101 Overseas Expansion:

The first three overseas Hotel101 projects will be in Niseko Hokkaido Japan, Madrid Spain and California USA. These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries.

Target near term expansion roadmap for Hotel101 Global Pte. Ltd. is to be in these first 25 countries by 2026 namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China.

*to avail of the complimentary Filipino Blend coffee at the Hotel101 Global Sales Hub in Singapore, just download the free Hotel101 Global Booking App, available until further notice from 9:00am to 6:00pm Mondays to Saturdays

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