C00541-2024

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)
Jan 31, 2024
2. SEC Identification Number
98780
3. BIR Tax Identification No.
002-727-393
4. Exact name of issuer as specified in its charter
ABACORE CAPITAL 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
135 J.P. RIZAL ST., BRGY. MILAGROSA, PROJECT 4, QUEZON CITY Postal Code 1109
8. Issuer's telephone number, including area code
(02) 8724-3759 / 8725-7875
9. Former name or former address, if changed since last report
ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC.
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 SHARE 4,185,934,029
AMOUNT OF DEBT OUTSTANDING AS OF SEPTEMBE 30, 2023 76,800,000
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.

AbaCore Capital Holdings, Inc.ABA

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

RESULTS OF REGULAR BOARD MEETING
Background/Description of the Disclosure

The board of directors of the Corporation held a meeting today and the following events transpired:

1. The Board of Directors noted and approved the minutes of previous meetings and the meetings of the various committees of the Corporation during the interim period.

2. The Assistant Vice President of the Corporation presented a proposed sale of a property of Omnilines Logistics International Network Inc., a 100% subsidiary of the Corporation. After due deliberation, the Board approved the following:

- the proposed sale of a property of Omnilines Logistics International Network Inc., a 100% subsidiary of the corporation, as presented in the report of the Assistant Vice President duly endorsed by the Chief Operating Officer of the Corporation, with the following details:

• land with a total area of 30,117 square meters located at Brgy. San Juan, Mabini, Batangas
• selling price of P10,200 per square meter or with a total contract price of P307,193,400 with cost at P61,296,549. Resulting in a gross profit of P227,465,247, net of applicable taxes.

- the authority of the Company’s Chief Operating Officer, Engr. Arturo Magtibay, to wit: to negotiate, except for the price; to enter into the contract to sell, deed of sale or other contract of disposition, in whatever terms he may deem just and equitable; and, to sign and execute the necessary documents to effect the sale.

- the approval of the increase in the commission rate from 2% to 5% in favor of the of agents of the transaction.

3. The Assistant Vice President, Chief Financial Officer, and Comptroller of the Corporation likewise presented the interim pro-forma draft stand-alone financial statements of the parent company. The board noted the report and the comments made by the Audit Committee thereon.

4. The Chairman and President finally presented to the Board the other prospective deals and transactions that management is currently working on which shall all be presented to the proper Committees and eventually for Board approval at the appropriate succeeding meetings of the Board.

No other matters were discussed, taken up, or approved and the thereafter the meeting was adjourned.
Other Relevant Information

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Filed on behalf by:
Name Rico De Los Reyes
Designation Assistant Vice President, Chief Financial Officer and Comptroller