House of Investments : 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) Feb 9, 20222. SEC Identification Number 153933. BIR Tax Identification No. 000-463-069-0004. Exact name of issuer as specified in its charter HOUSE OF INVESTMENTS, INC.5. Province, country or other jurisdiction of incorporation MAKATI CITY, METRO MANILA, PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office 9F GREPALIFE BUILDING 221 SEN. GIL PUYAT AVENUE, MAKATI CITYPostal Code12008. Issuer's telephone number, including area code 02 8815 9636 to 389. 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 of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES	776,465,281
AMOUNT OF OUTSTANDING DEBT	28,617,406,035

11. Indicate the item numbers reported herein -

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 4-22 - 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 Between (JVA) House of Investments, Inc., Sojitz Corporation of Japan and San Lorenzo Ruiz Investment Holdings and Investments, Inc.

Background/Description of the Disclosure

House of Investments (PSE:HI) entered into a JVA with Sojitz Corporation of Japan (SOJITZ) and San Lorenzo Ruiz Investment Holdings and Services, Inc. (SLR), a wholly-owned subsidiary of the Company, for the purpose of developing, operating, marketing, and leasing a property owned by SLR in Makati.

Date of Approval by Board of Directors	Jun 25, 2021
Date of Approval by Stockholders, if applicable	N/A

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

On June, 25, 2021, the execution of a JVA with SOJITZ and SLR, a wholly-owned subsidiary of the Company. All the closing conditions stated below have been completed on February 8, 2022. There is no related regulatory requirement for this 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 joint venture was entered by the Parties for the purpose of developing, operating, marketing, and leasing the property in Makati City that is owned by SLR. Post development or when it commences its leasing operations, HI will benefit through recognition of profits from the JV. Currently, the property is not generating any profit since it is non-operational.

Terms and conditions of the joint venture

Amount of investment and/or interest by the parties involved

HI will hold 60% and SOJITZ will hold 40% of SLR. SLR intends to apply with the Special Body of Land Use and Zoning (SBLUZ) of Makati City for additional Floor Area Ratio (FAR) under Resolution No. SBLUZ-2016-002 of the City of Makati . The amount of investment by Sojitz will depend on the final FAR.

Provisions on profit-sharing, arrangements on management and operations

Any profits will be through dividends following the shareholding structure. The general administration/operations of SLR will be managed by HI.

Conditions precedent to closing of transaction, if any

Approval of the FAR by SBLUZ; SLR board's and stockholders' approval for amendment of Articles of Incorporation and By-laws of SLR; confirmation of development cost; and execution of Share Subscription Agreement (SSA) and Deed of Absolute Share of shares (DOAS).

Other salient features of the joint venture agreement

-

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
House of Investments, Inc.	Holding & Management Company	-
Sojitz Corporation	Trading Company	The Sojitz Group is a general trading company with a worldwide network comprising approximately 400 group companies and operations in some 50 countries. Sojitz Corporation is also the Partner of HI in Sojitz G Auto Philippines in the distributorship of Geely cars in the Philippines.
San Lorenzo Ruiz Investment Holdings & Services, Inc.	Real Estate Company	SLR is a wholly owned subsidiary of House of Investments

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

Post development or when it commences its leasing operations, HI will benefit through recognition of profits from the JV. Currently, the property is not generating any profit since it is non-operational.

Other Relevant Information

Updating to indicate that closing conditions have been completed.

Filed on behalf by:

Name	Ma. Esperanza Joven
Designation	Vice President