Overseas Regulatory Announcement : by an overseas listed subsidiary

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SUNCITY GROUP HOLDINGS LIMITED

太陽城集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1383)

Overseas Regulatory Announcement:

by an overseas listed subsidiary

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Suntrust Home Developers, Inc., an overseas listed subsidiary of Suncity Group Holdings Limited listed on The Philippine Stock Exchange, Inc. ("PSE"), has published its quarterly report for the three months ended 31 March 2021 (the "1st Quarterly Report") on the website of PSE on 14 May 2021. For details, please refer to the attached 1st Quarterly Report.

By order of the Board

Suncity Group Holdings Limited

Chau Cheok Wa

Chairman

Hong Kong, 14 May 2021

As at the date of this announcement, the executive Directors are Mr. Chau Cheok Wa, Mr. Lo Kai Bong, Mr. Au Chung On John and Mr. Manuel Assis Da Silva; and the independent non-executive Directors are Mr. Tou Kin Chuen, Dr. Wu Kam Fun Roderick and Mr. Lo Wai Tung John.

	1	0	6	8	3
S.E.C. Registration Number

S

U

N

T

R

U

S

T

H

O

M

E

D

E

V

E

L

O

P

E

R

S

,

I

N

C

.

(Company's Full Name)

2

6

T

H

F

L

R

.

A

L

L

I

A

N

C

E

G

L

O

B

A

L

T

O

W

E

R

.

3

6

T

H

S

T

.

C

O

R

.

1

1

T

H

A

V

E

N

U

E

U

P

T

O

W

N

B

O

N

I

F

A

C

I

O

T

A

G

U

I

G

C

I

T

Y

.

M

E

T

R

O

M

A

N

I

L

A

(Business Address: No. Street City/ Town/ Province)

NELILEEN S. BAXA

[phone]

Contact Person

Company Telephone Number

1

2

3

1

S

E

C

F

O

R

M

1

7

-

Q

10

Last Tuesday

Month

Day

FORM TYPE

Month

Day

Fiscal Year

Annual Meeting

Secondary License Type, If Applicable

Dept. Requiring this Doc.

Amended Articles Number/Section

Total Amount of Borrowings

Total No. of Stockholders

Domestic

Foreign

To be accomplished by SEC Personnel concerned

File Number

___________________________

LCU

_____________________________

Document I.D.

Cashier

S T A M P S

Remarks = pls. use black ink for scanning purposes

SUNTRUST HOME DEVELOPERS, INC.

26th Floor, Alliance Global Tower, 36th Street corner 11th Avenue, Uptown Bonifacio, Taguig City, 1634, Metro Manila, Philippines

Tel: [phone]

SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE

SECURITIES REGULATION CODE AND SRC RULE 17.2 (b)

THEREUNDER

1. For the quarterly period ended 31 March 2021

2. SEC Identification Number: 106833. BIR Tax Identification Number: 000-141-166

1. SUNTRUST HOME DEVELOPERS, INC.Exact name of issuer as specified in its charter
2. Metro Manila, Philippines
   Province, Country, or other jurisdiction of incorporation or organization

6.		(SEC Use Only)
	Industry Classification Code:

1. 26th Floor, Alliance Global Tower, 36th Street corner 11th Avenue, Uptown Bonifacio, Taguig City 1634

Address of issuer's principal office

8. (632) 8 894-6300

Issuer's Telephone Number, including area code

1. Securities registered pursuant to Sections 8 and 12 of the Code, or Section 4 and 8 of the
   RSA

TITLE OF EACH CLASS	NUMBER OF SHARES OF COMMON STOCK
	OUTSTANDING
Common	7,250,000,000

10. Are any or all of the securities listed on the Philippine Stock Exchange?

Yes [X]	No [ ]
Philippine Stock Exchange	Common Shares

11. Indicate by check mark whether the registrant:

1. has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 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.

Yes [X]

No [ ]

1. has been subject to such filing requirements for the past ninety (90) days.

Yes [X]

No [ ]

		PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements
	1.	Consolidated Statements of Financial Position (Exhibit 1)
	2.	Consolidated Statements of Income (Exhibit 2)
	3.	Consolidated Statements of Changes in Equity (Exhibit 3)
	4. Statements of Cash Flows (Exhibit 4)
	5. Notes to Interim Financial Statements (Exhibit 5)
Item 2.	Management's Discussion and Analysis of Results of Operations and
	Financial Condition
	Please see Exhibit 6
Item 3.	Aging of Accounts Receivable
	Please see attached hereto as Exhibit 7
ltem4.	Schedule of Financial Soundness Indicators
	Please see Exhibit 8

PART II - OTHER INFORMATION

The Company is not in possession of any information which may, at its option, be reported under this item and which would otherwise be required to be filed in a report on SEC Form 17-C.

SIGNATURES

Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SUNTRUST HOME DEVELOPERS, INC.

Issuer

By:

NEOLI MAE L. KHO

Treasurer (Principal Financial Officer

and Duly Authorized Officer)

EXHIBIT 1

SUNTRUST HOME DEVELOPERS, INC. AND SUBSIDIARIES (A Subsidiary of Fortune Noble Limited)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

MARCH 31, 2021 AND DECEMBER 31, 2020

(Amounts in Philippine Pesos)

		Unaudited			Audited
		March 31, 2021			December 31, 2020
A S S E T S
CURRENT ASSETS
Cash and cash equivalents	P	3,710,493,737		P	5,877,616,276
Due from related parties		27,382,014			27,382,014
Other current assets		313,052,385			29,437,269
Total Current Assets		4,050,928,136			5,934,435,559
NON-CURRENT ASSETS
Investment in an associate		-			153,728,294
Right-of-use asset - net		14,271,812,762			14,429,698,406
Deposits for property and equipment		1,388,516,376			-
Property and equipment - net		2,939,191,697			1,976,103,364
Total Non-current Assets		18,599,520,835			16,559,530,064
NON-CURRENT ASSET HELD FOR SALE		150,492,152			-
TOTAL ASSETS	P	22,800,941,123		P	22,493,965,623
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade and other payables	P	516,856,598		P	292,499,838
Lease liability		25,394,835			-
Due to related parties		143,243,384			58,378,962
Total Current Liabilities		685,494,817			350,878,800
NON-CURRENT LIABILITIES
Convertible bonds payable		8,368,024,190			8,197,353,930
Lease liabilities		5,726,130,118			5,618,666,948
Total Non-current Liabilities		14,094,154,308			13,816,020,878
Total Liabilities		14,779,649,125			14,166,899,678
EQUITY		8,021,291,998			8,327,065,945
TOTAL LIABILITIES AND EQUITY	P	22,800,941,123		P	22,493,965,623