PSE Circular for Brokers No. 039-00

January 7, 2000 PSE CIRCULAR FOR BROKERS NO. 039-00 SECURITIES AND EXCHANGE COMMISSION SEC Form 11-A Current Report Pursuant to Section 11 of the Revised Securities Act and RSA Rule 11(a)-1(b)(3) Thereunder 1. 5 January 2000 2. Commission Identification Number (SEC Registration No.) 7199 3. BIR TIN 002-856-627 4. Acesite (Phils.) Hotel Corporation 5. Philippines LexLib 6. Industry Classification Code: __________ 7. Room 527, Holiday Inn Manila, United Nations Avenue, Ermita, Manila 1000 8. Telephone Number (632) 526-1212 9. Former Name : Delbros Hotel Corporation Ermita, Manila Former Address: Delbros Suites, 22nd Floor, Manila Hilton, UN Ave., Former FY : January-December 10. Common Stock (P1.00 par value) Authorized - 300,000,000 shares) Issued - 99,852,308 shares 11. Preferred Stock (P500 par value) Authorized - 20,000 shares Issued - none Items to be reported: Anent to SEC Forms 11-C and 11-C-1 dated 7 October 1999 and 10 November 1999 respectively: Postponement of Completion Date Upon mutual agreement of all parties concerned, the completion date under the Sale and Purchase Agreement (the "Agreement') regarding Acesite Limited dated 30 September 1999 between Sino-i.com Limited (formerly known as South Sea Development; Company, Ltd., and listed on the Hong Kong Stock Exchange) and Evallon Investment Limited, a wholly owned subsidiary of Sino-i.com Limited, on the one hand, as the selling parties, and South Port Development Limited, a company incorporated in the British Virgin Islands, on the other hand, as purchaser, has been postponed from 29 December 1999 to 28 January 2000. This is to give the parties more time to complete the documentary requirements of the acquisition. The postponement of completion date has neither an effect on the other terms of the Agreement nor does it have any effect on the operations and financial status of the Corporation. Acesite (Phils.) Hotel Corporation By: (SGD.) VICENTE G. GREGORIO (SGD.) RICKY L. RICARDO Corporate Secretary Manager, Corporate Affairs