Converge Information and Communications Technology : Annual Report

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-A, AS AMENDED ANNUAL REPORT PURSUANT TO SECTION 17
OF THE SECURITIES REGULATION CODE AND SECTION 141
OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended Dec 31, 20212. SEC Identification Number CS2007160943. BIR Tax Identification No. 006-895-049-0004. Exact name of issuer as specified in its charter CONVERGE INFORMATION AND COMMUNICATIONS TECHNOLOGY SOLUTIONS, INC.5. Province, country or other jurisdiction of incorporation or organization Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office New Street Building, Mc Arthur Highway, Balibago, Angeles City, PampangaPostal Code20098. Issuer's telephone number, including area code [phone]9. Former name or former address, and former fiscal year, 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 Shares	7,526,294,461

11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange, Common Stock12. Check whether the issuer:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No

13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form

P70.9 billion (2.7 billion shares at P26.00 (as of February 28, 2022))APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS

14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.

Yes No DOCUMENTS INCORPORATED BY REFERENCE 15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated: (a) Any annual report to security holders N/A(b) Any information statement filed pursuant to SRC Rule 20 N/A(c) Any prospectus filed pursuant to SRC Rule 8.1 N/A

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.

Converge Information and Communications Technology Solutions, Inc.CNVRG PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and
Section 17.2 and 17.8 of the Revised Disclosure Rules

For the fiscal year ended	Dec 31, 2021
Currency	PHP

Balance Sheet

Year Ending	Previous Year Ending
Dec 31, 2021	Dec 31, 2020
Current Assets	21,040,270,574	21,270,837,593
Total Assets	81,863,997,709	56,712,083,334
Current Liabilities	26,883,596,965	15,385,251,293
Total Liabilities	46,753,038,707	28,936,929,041
Retained Earnings/(Deficit)	14,297,177,227	7,139,049,614
Stockholders' Equity	35,110,959,000	27,775,154,293
Stockholders' Equity - Parent	35,110,646,500	27,774,841,793
Book Value Per Share	4.67	3.69

Income Statement

Year Ending	Previous Year Ending
Dec 31, 2021	Dec 31, 2020
Gross Revenue	26,478,774,386	15,652,332,331
Gross Expense	16,283,040,251	10,557,163,621
Non-Operating Income	38,585,965	360,342,042
Non-Operating Expense	681,155,075	576,800,822
Income/(Loss) Before Tax	9,553,165,025	4,878,709,930
Income Tax Expense	2,395,037,412	1,490,881,430
Net Income/(Loss) After Tax	7,158,127,613	3,387,828,500
Net Income/(Loss) Attributable to Parent Equity Holder	7,158,127,613	3,387,828,500
Earnings/(Loss) Per Share (Basic)	0.95	0.61
Earnings/(Loss) Per Share (Diluted)	0.95	0.48

Financial Ratios

Formula	Fiscal Year Ended	Previous Fiscal Year
Dec 31, 2021	Dec 31, 2020
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio	Current Assets / Current Liabilities	0.8	1.4
Quick Ratio	(Current Assets - Inventory - Prepayments) / Current Liabilities	0.5	1.1
Solvency Ratio	Total Assets / Total Liabilities	0.7	0.6
Financial Leverage Ratios
Debt Ratio	Total Debt/Total Assets	0.2	0.2
Debt-to-Equity Ratio	Total Debt/Total Stockholders' Equity	0.6	0.4
Interest Coverage	Earnings Before Interest and Taxes (EBIT) / Interest Charges	30.5	14.9
Asset to Equity Ratio	Total Assets / Total Stockholders' Equity	2.3	2
Profitability Ratios
Gross Profit Margin	Sales - Cost of Goods Sold or Cost of Service / Sales	0.6	0.55
Net Profit Margin	Net Profit / Sales	0.27	0.22
Return on Assets	Net Income / Total Assets	0.1	0.08
Return on Equity	Net Income / Total Stockholders' Equity	0.23	0.17
Price/Earnings Ratio	Price Per Share / Earnings Per Common Share	34	24

Other Relevant Information

Amendment (4/11/22): added the Parent FS in the attachments.

Filed on behalf by:

Name	Owen Kieffer Ocampo
Designation	Investor Relations Director