Kalinga Venture Group OPC/Kalinga Ventures Capital/Kalinga Venture International/Kalinga Wealth & Business Development Services

January 11, 2024 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Commission has received reports and information that individuals or group of persons representing an entity named KALINGA VENTURE GROUP OPC/KALINGA VENTURES CAPITAL/KALINGA VENTURE INTERNATIONAL/KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES , owned by JANINE VALENCIA CRUZ are enticing the public to invest their money in the said entity with a promise of high monetary rewards or profits. CAIHTE Based on the reports and information gathered and verified by the Commission, KALINGA VENTURE GROUP OPC/KALINGA VENTURES CAPITAL/KALINGA VENTURE INTERNATIONAL/KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES entices the public by offering various investment subscription plan that will earn 25% to 170% income in 9 to 40 days. As the above-described scheme involves the sale of securities to the public, the Securities Regulation Code (SRC) requires that these securities are duly registered and that the concerned entities and/or its agents have appropriate registration and/or license to sell such securities to the public pursuant to Sections 8 and 28 of the SRC. aScITE The public is hereby informed that KALINGA VENTURES CAPITAL/KALINGA VENTURE INTERNATIONAL/KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES IS NOT REGISTERED with the Commission . Hence, is NOT AUTHORIZED to offer, solicit, sell or distribute any investment/securities to the public as activities require a Secondary License from the Commission and the securities or investment product should likewise be registered with the SEC before they can be offered or sold to the public under Sections 8 and 12 of the Securities Regulation Code (SRC). While KALINGA VENTURE GROUP OPC is registered with the Commission as corporation, however, such registration grants juridical personality to the corporation but does NOT authorize it to issue, sell or offer for sale securities to the public nor to undertake business activities requiring a secondary license from the Commission. The Financial Products and Services Consumer Protection Act also prohibits investment fraud which is defined under the law as any form of deceptive solicitation of investments from the public which includes Ponzi Schemes and such other schemes involving the promise or offer of profits or returns sourced from the investments or contribution made by the investors themselves and the offering or selling of investment schemes to the public without a license or permit from the SEC. In view thereof, the public is hereby advised NOT TO INVEST or to STOP INVESTING in the investment schemes being offered by KALINGA VENTURE GROUP OPC/KALINGA VENTURES CAPITAL/KALINGA VENTURE INTERNATIONAL/KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES or its representatives . DETACa Consequently, those who act as salesmen, brokers, dealers, agents, representatives, promoters, operators, recruiters, uplines, influencers, endorsers, abettors and enablers of KALINGA VENTURE GROUP OPC/KALINGA VENTURES CAPITAL/KALINGA VENTURE INTERNATIONAL/KALINGA WEALTH & BUSINESS DEVELOPMENT SERVICES in selling or convincing people to invest in their investment schemes including solicitations or recruitment through the internet may likewise be prosecuted and held criminally liable under Section 11 of the Financial Products and Services Consumer Protection Act and Section 28 of the SRC and for the two offenses, both are penalized separately with a maximum fine of Five Million Pesos (Php5,000,000.00) or maximum penalty of Twenty-One (21) years imprisonment or both pursuant to Section 73 of the SRC . Also, those who invite or recruit others to join or invest in such venture or offer investment contracts or securities to the public may incur criminal liability, or otherwise be sanctioned or penalized accordingly as held by the Supreme Court in the case of Securities and Exchange Commission vs. Oudine Santos (G.R. No. 195542, 19 March 2014). Should you have any information regarding the operation of the subject entity, please send your reports through our email at [emailprotected] or you may visit the Commission's Enforcement and Investor Protection Department (EIPD) located at the 9/F, The SEC Headquarters, 7907 Makati Avenue, Salcedo Village, Brgy. Bel-Air, Makati City. For the information and guidance of the public. Makati City, January 11, 2024.