PSE Circular for Brokers No. 238-00

February 2, 2000 PSE CIRCULAR FOR BROKERS NO. 238-00 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C-2 CURRENT REPORT PURSUANT TO SECTION 11 OF THE REVISED SECURITIES ACT AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. 31 January 2000 2. Commission Identification Number (SEC Registration No.) 7199 3. BIR TIN 002-856-627 4. Acesite (Phils.) Hotel Corporation 5. Philippines 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. Items to be reported: Anent to SEC Forms 11-C, 11-C-1 and 11-C-2 dated 7 October 1999, 10 November 1999 and 5 January 2000 respectively: Postponement of Completion Date Upon mutual agreement of the 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 again been postponed from 28 January 2000 to 29 February 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. LibLex Acesite (Phils.) Hotel Corporation By: (SGD.) VICENTE G. GREGORIO Corporate Secretary (SGD.) RICKY L. RICARDO Manager, Corporate Affairs