Suntrust Resort Holdings, Inc. informed that the Board of Directors at its meeting held 8 June 2023, approved the authority of the Company to negotiate and enter into a loan facility of up to PhP 25,000,000,000.00 with China Banking Corporation and for the purpose: Execute an Omnibus Loan and Security Agreement with the Bank and other relevant parties consisting of a Loan Facility Agreement, a Mortgage Agreement, a Security Agreement, a Suretyship Agreement, and a Project Accounts Agreement, among others, all under such other terms and conditions as may be in the best interests of the Company, and Appoint the Company's Chairman, Mr. Lo Kai Bong, and President, Mr. Chua Ming Huat, acting singly, as the Company's authorized signatories for the Transaction.