COVER SHEET (Company's Full Name ) its Pp. TRO {ZJalcy [s P[RIOTI tT. 14 Qiuye[ zon] [chi [tly (Business Address : No, Steet City/Town Province ) ‘VICENTE RAFAEL L. ROSALES ‘BT2S-787S; 8TDATSD ‘Contact Person Company Telephone Number 172] Go SEC FORM 17-€ O77) Lena thors. Month Day FORM TYPE Month = Day Annual Meeting (PO LISTED SECURITIES ‘Secondary License Type, IF Applicable M[S[R[D Dept Requiring this Dos. “Amended Anicles Number Section Total Amount of Borrowin Domest Foreign To be accomplished by SEC Personnel concerned File Number Tow ‘Document LD. Cashier STAMPS Remarks = pls, use black ink for scanning purposes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, November 24, 2022 Date of Report (Date of earliest event reported) ‘SEC Identification Number 98780 BIR Tax Identification No. 002-727-393 4, ABACORE CAPITAL HOLDINGS, INC. Exact name of issuer as specified in its charter a Soo Province, country or other jurisdiction of incorporation 6. Industry Classification Code : (SEC Use only) 7. |. P. Rizé i n Cit 1109 Address of principal office Postal Code 8. 632: ; 632+ Issuer's telephone number, including area code 9. ABACUS CONSOLIDATED RESOURCES & HOLDINGS, INC. Former name or former address, if changed since last report 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 Outstanding Common shares 4,185,934,029 shares Amount of Debt Outstanding as of September 30, 2022: P 90,000,00011. Item numbers reported herein: Item 9. Please be informed that we have received today, November 24, 2022, a copy of the signed Memorandum of Agreement (MOA) executed yesterday, November 23, 2022 between wholly-owned subsidiary, Philippine Regional Investment Development Corporation (PRIDE) and Highsource Prime Building, Inc. (Highsource). The agreement provides that the two parties will organize a joint venture corporation that will develop + a four-star hotel, + a land and water amusement park with supporting facilities, + 3D Glass Paradise, + a residential community and commercial establishments to be located at the Montemaria Project in Pagkilatan, Batangas tourism site. Highsource will invest up to 400 million US dollars in the development. The project with Highsource will have 2 phases. In the first phase, PRIDE will contribute to the joint venture the mountain top land of its subsidiaries overlooking Batangas bay and the verde island passage located at Pagkilatan, Batangas City with a total area of 17 hectares at 9,000 esos per square meter for a total value of 1.6 billion pesos for at least 40% share in the joint venture. On the other hand, Highsource will invest up to 2.6 billion pesos in cash and development for the first phase — with increasing share in the joint venture as it reaches certain milestones. The second phase will have PRIDE contribute another 20 hectares of mountain top land of its subsidiaries at the reappraised value at the time of commencement of phase 2 for a minimum of another 40% while Highsource will contribute the proportionate amount in cash or development. Considering the quick appreciation of property values in Batangas, especially for tourism- oriented land near the beach front or along the shore, both parties have agreed that any delay in development will allow PRIDE to have its land reappraised to updated market, values and adjust higher the actual value of its land contribution to the joint venture which could increase its share in the joint venture. Yank. VICENTE RAFAEL L. ROSALES 24 November 2022 Corporate Secretary