C00028-2024

SECURITIES AND EXCHANGE COMMISSION
SEC 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 2, 2024
2. SEC Identification Number
15393
3. BIR Tax Identification No.
000-463-069-000
4. Exact name of issuer as specified in its charter
House of Investments, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9F Grepalife Building 221 Sen Gil Puyat Avenue Postal Code 1200
8. Issuer's telephone number, including area code
(632) 8815 9636
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 776,465,281
11. Indicate the item numbers reported herein
N/A

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.

House of Investments, Inc.HI

PSE Disclosure Form 4-1 - Acquisition or Disposition of Assets References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Purchase of a 184-hectare property located at Central Techno Park in Luisita Industrial Park by Tarlac Terra Ventures, Inc.(TTVI), a wholly-owned subsidiary of HI from Rizal Commercial Banking Corporation ("RCB").
Background/Description of the Disclosure

This is related to the disclosure dated December 29, 2023 where Tarlac Terra Ventures, Inc., a wholly-owned subsidiary of HI, purchased a 184-hectare property located at Central Techno Park in Luisita Industrial Park from Rizal Commercial Banking Corporation ("RCB").
Date of Approval by
Board of Directors		 Dec 20, 2023
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

HI will grow its property portfolio with the purchase of the property by its wholly-owned subsidiary. Moreover, the property is located in a prime area in Tarlac that has potential for value appreciation. The prospect of the property for future development is viewed to provide future revenues for HI.
Details of the acquisition or disposition
Date Dec 29, 2023
Description of the Transaction

Tarlac Terra Ventures purchases the property via a Deed of Conditional Sale and has three (3) years to fully pay the property.
Manner

Purchase of land from RCBC through Tarlac Terra Ventures, a wholly owned subsidiary of House of Investments.
Description of the assets involved

Land with area of 184 hectare located at Central Techno Park in Luisita Industrial Park.
Terms and conditions of the transaction
Nature and amount of consideration given or received

Value of the land for Php2.7 billion subject to adjustments
Principle followed in determining the amount of consideration

Based on Market Valuation be two (2) third party appraisers
Terms of payment

20% down payment
Balance payable in three (3) yearly installments
Tarlac Terra Ventures, Inc. has the option to pay or settle the balance of the Purchase Price in a shorter period.
Conditions precedent to closing of the transaction, if any

None
Any other salient terms

None
Identity of the person(s) from whom the assets were acquired or to whom they were sold
Name Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Rizal Commercial Banking Corporation (“RCBC”) RCBC and HI have common principal shareholder, Pan Malayan Management & Investment Corp.
Helen Y. Dee Chairperson of both HI and RCBC
Gil A. Buenaventura Director of both HI and RCBC
Juan B. Santos Independent Director of both HI and RCBC
Yvonne S. Yuchengco Director of HI and Advisory Board Member of RCBC
Effect(s) on the business, financial condition and operations of the Issuer, if any

1. Diversification: Expansion in the Property Services Sector will diversify the future revenue and income profile of House of Investments.
2. Asset appreciation: House of Investments through Tarlac Terra Ventures Inc will own an asset that appreciates over time.
3. Earnings accretive: Once developed, the asset will contribute to the bottom line of House of Investments.
Other Relevant Information

BOD approval stated herein is that of Tarlac Terra Ventures, Inc.
If the transaction being reported is an acquisition, kindly submit the following additional information:
Source(s) of funds

Combination of Equity and Debt
If any asset so acquired by the issuer or its subsidiaries constituted plant, equipment or other physical property, state the nature of the business in which the assets were used by the persons from whom acquired and whether the issuer intends to continue such use or intends to devote the assets to other purposes, indicating such other purposes

The 184 hectares property is located at Central Techno Park in Luisita Industrial Park. House of Investments through its subsidiary intends to develop the property in the future.
Filed on behalf by:
Name Ma. Esperanza Joven
Designation First Vice President - Finance