Chelsea Logistics and Infrastructure : Clarification of News Reports

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) Jul 25, 20222. SEC Identification Number CS2016197343. BIR Tax Identification No. 009-393-1674. Exact name of issuer as specified in its charter Chelsea Logistics and Infrastructure Holdings Corp.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Stella Hizon Reyes Road, Bo. Pampanga, Davao CityPostal Code80008. Issuer's telephone number, including area code [phone] / [phone]. Former name or former address, if changed since last report n/a10. 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	1,821,977,615

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.

Chelsea Logistics and Infrastructure Holdings Corp.C PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

News article 'Dennis Uy's Udenna insists not in debt default"

Source	abs-cbn.com
Subject of News Report	'Dennis Uy's Udenna insists not in debt default
Date of Publication	Jul 23, 2022

Clarification of News Report

On July 22, 2022, Clark Global City Corp. ("CGCC"), a subsidiary of Udenna Corporation and an affiliate of Chelsea Logistics and Infrastructure Holdings Corp., received a Notice of Declaration of Default from a consortium of banks led by BDO Unibank, Inc., as Majority Lender, on the grounds of "continuing and irremediable Events of Default" in relation to the Master Lease Agreement between Clark International Airport Corporation (CIAC) and Global Gateway Development Corporation (GGDC), a subsidiary of CGCC. To clarify, the declaration of default is in relation to certain obligations of GGDC with CIAC, which are due only on Wednesday, 27 July 2022. To be clear, CGCC or GGDC did not fail to make any interest or principal repayments with its debt to the consortium banks and thus, in contention, CGCC replied to the consortium banks to dispute the default conclusion and clarified that, under the circumstances, there has been, in fact, no Event of Default or, at the very least, no irremediable Event of Default, under the Master Lease Agreement on the part of CGCC or GGDC. The liability of US$4 million stated in the article was not a liability to the consortium banks but an obligation of GGDC to CGCC. Nevertheless, GGDC and CGCC are already looking to immediately resolve this matter with the CIAC today, 25 July 2022, or before the stated deadline of 27 July 2022. Upon resolution of this matter, any default scenario under the Master Lease Agreement with CIAC or the debt liabilities with the consortium of banks will not exist. Thus, by virtue of the above, there should be no effect on the business, financial condition, and operations of Chelsea Logistics and Infrastructure Holdings Corp. We trust that we have been able to clearly state our position on the matter.

Other Relevant Information

n/a

Filed on behalf by:

Name	Ma. Henedina San Juan
Designation	Corporate Secretary