Cosco Capital : Joint Ventures

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) Jun 20, 20222. SEC Identification Number 1476693. BIR Tax Identification No. 000-432-3784. Exact name of issuer as specified in its charter Cosco Capital, Inc.5. Province, country or other jurisdiction of incorporation Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office No. 900 Romualdez St., Paco, ManilaPostal Code10078. Issuer's telephone number, including area code 091786124599. Former name or former address, if changed since last report None10. 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	7,186,767,764

11. Indicate the item numbers reported herein Other Matters

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.

Cosco Capital, Inc.COSCO PSE Disclosure Form 4-22 - Joint Ventures References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Joint Venture Agreement with Siam Global House Public Company Limited

Background/Description of the Disclosure

A Joint Venture Agreement between Cosco Capital, Inc. and Siam Global House Public Company Limited to establish and operate a retail shop or warehouse specific for building and construction-related materials, home and garden decorative goods, home improvement goods, construction equipment, and tools in the Philippines.

Date of Approval by Board of Directors	Jun 17, 2022
Date of Approval by Stockholders, if applicable	N/A

Description and nature of the transaction including the timetable for implementation, and related regulatory requirements

A Joint Venture Agreement between Cosco Capital, Inc. and Siam Global House Public Company Limited to establish and operate a retail shop or warehouse specific for building and construction-related materials, home and garden decorative goods, home improvement goods, construction equipment, and tools in the Philippines. In the next three to four months, the new Joint Venture Company is expected to be incorporated with the Securities and Exchange Commission (SEC) and start to operate. Except for the incorporation of the new JV Company with the SEC, registration with the Bureau of Internal Revenue and in the local government where it will operate, there are no other known regulatory requirements for the joint venture.

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The transaction is in line with the expansion program of Cosco Capital which would enable it to invest thru a joint venture with a foreign group into a new line of business that will be accretive in terms of investment income for the Company.

Terms and conditions of the joint venture

Amount of investment and/or interest by the parties involved

Total investment of 500 Million Pesos. 45% Cosco Capital and 55% Siam Global House Public Company Limited

Provisions on profit-sharing, arrangements on management and operations

Profit sharing will be based on equity interest participation in the JV Company. The JV Company's management and operations will be jointly decided by the parties as provided in the Joint Venture Agreement.

Conditions precedent to closing of transaction, if any

Incorporation of the JV Company.

Other salient features of the joint venture agreement

None

Identity and/or corporate background of the parties to the transaction, including the following

Name	Nature of Business	Nature of any material relationship with the Issuer and the parties to the joint venture, their directors/officers or any of their affiliates
Siam Global House Public Company Limited	Operating 76 stores in Thailand selling building and construction-related materials, home and garden decorative goods, home improvement goods, construction equipment, and tools.	No material relationship

Effect(s) on the business, financial condition and operations of the Issuer, if any

1. Expansion of a new business segment for Cosco Capital 2. New equity investment for Cosco Capital 3. Share in the future projects of the JV Company

Other Relevant Information

The Joint Venture is looking to finalize, construct and open 3 to 5 stores in the next 12 to 18 months in the National Capital Region, CALABARZON and Region 3. Please see attached SEC 17-C of the Company dated June 17, 2022 re Board Approval on the Joint Venture Agreement.

Filed on behalf by:

Name	Candy Dacanay-Datuon
Designation	Assistant Corporate Secretary / Compliance Officer