Converge Information and Communications Technology : Press Release

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) Mar 17, 20222. 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 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, 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. Indicate the item numbers reported herein Item 9. Other events

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 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Converge at high end of residential subscriber guidance, resulting in 69.2% YoY revenue growth for FY2021; record annual profitability with P14.8bn EBITDA (55.9% EBITDA margin) and P7.2Bn net income (27.0% net income margin)

Background/Description of the Disclosure

Converge ended 2021 with 1,691,550 residential subscribers, a 63% increase from December 2020 reaching the high-end of its goal of 1.6-1.7 million subscribers. As the fastest growing fixed broadband operator in the Philippines, the Company deployed approximately 647,000 new fiber-to-the-home ("FTTH") ports during the last quarter of 2021, resulting to 2.4 million newly deployed FTTH ports during the full year 2021. As of December 31, 2021, Converge's nationwide network reached more than 10.9 million homes, representing a 42.7% household coverage, on track to reach the Company's accelerated target to cover approximately 55% of households in the Philippines by 2023. Please see attached the full press release.

Other Relevant Information

This press release may contain forward looking statements and information that are, by their nature, subject to significant risks, uncertainties, and assumptions. Many factors could make or cause the actual results, performance or achievements to be materially different from those expressed or implied in this release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. Amendment was to add the above forward-looking disclaimer.

Filed on behalf by:

Name	Owen Kieffer Ocampo
Designation	Investor Relations Director