At the meeting of the Board of Directors of Abacore Capital Holdings, Inc. held May 5, 2021, approved the project with Simlong Energy Development Corporation will proceed, and as such, the company will continue the consolidation of at least 150 hectares of land to form the Abacore Energy Hub in Batangas. The project was previously delayed due to the on-going pandemic but has been incorporated into several preparatory and implementing agreements as follows: The properties of ABA affiliates will be consolidated in Simlong Energy Development Corporation (SEDCO), which will be majority owned by ABA, to enter the energy business by developing the Batangas Energy Hub. As disclosed in 26 April 2021 disclosure, Vires Energy, a wholly owned subsidiary of A. Brown Company, Inc., (BRN), will locate itself in the Abacore Energy Hub. Vires obtained its Notice to Proceed with its LNG gasification facility and power plant last 22 April 2021 from the Department of Energy.