Flint/Flint PH/Flint Philippines/Flint Technology Corp.

June 8, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY The Securities and Exchange Commission has received information that individuals or group of persons representing FLINT/FLINT PH/FLINT PHILIPPINES/FLINT TECHNOLOGY CORP. which is being operated by JAN ANDRE M. MERCADO is enticing the public to invest in said entity. FLINT bills itself as the first, tech-enabled low-cost Philippine Real Estate Crowdfunding Platform powered by SeedIn Technology , allegedly South East Asia's largest business financing platform. Through FLINT , investors are given an opportunity to buy an investment share in a pre-funded property or funded with first position financing. Based on information gathered by the Commission, FLINT offers investments as low as Php1,000.00 with a guaranteed 12% return per annum as herein shown: In a video posted in YouTube, Mr. Mercado claims that FLINT is a creation of SIGNET PROPERTIES , which was also founded by him. FLINT is designed to cater to those who want to invest in real estate whereby the platform pools investors to join the crowdfunding of FLINT . Allegedly, the earnings will be taken from profits of the real estate investment that is offered to any person at any time. Mr. Mercado also claims in another YouTube Video with link https://www.youtube.com/watch?v=YsxREMFySsU (at the 32:48 mark), that FLINT and SEEDIN were able to secure the proper licenses before the Commission. In the article "Signet Properties Encourages Safe and Secure Real Estate Investment Through Crowdfunding" found in the Insights portion of Flint's website, https://www.flint.com.ph/, the following representation appears: Also posted on the website of Flint is the following FAQs: The scheme of FLINT / FLINT PH/FLINT PHILIPPINES constitutes offering and sale of securities in the form of investment contracts to the public as its investors need not exert any effort other than to invest or place monies in its operation in order to receive profits. The Securities Regulation Code (SRC) requires that the offer and sale of securities must be duly registered with the Commission and that the concerned entity and/or its agents should have the appropriate registration and/or license to sell such securities to the public. Based on the Commission's database, FLINT/FLINT PH/FLINT PHILIPPINES is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC) . However, FLINT TECHNOLOGY CORP. was registered as a corporation on 19 February 2021 under SEC registration No. 202102007309-04 with the following primary purpose: FLINT TECHNOLOGY CORP. is likewise not authorized to solicit investments from the public. Further, to set the record straight, both FLINT/FLINT PH/FLINT PHILIPPINES/FLINT TECHNOLOGY CORP. and SeedIn Technology are NOT REGISTERED either as a crowdfunding intermediary or a funding portal under SEC Memorandum Circular No. 14, Series of 2019 or the Rules and Regulations Governing Crowdfunding . Accordingly, those who invite or recruit other people to join or invest in this venture or offer investment contracts or securities to the public may be held criminally liable or accordingly sanctioned or penalized in accordance with the Supreme Court decision in the case of SEC vs. Oudine Santos (G.R. No. 195542, March 19, 2014). In view thereof, the public is hereby advised to exercise caution before investing in these kinds of activities and to take the necessary precautions in dealing with FLINT/FLINT PH/FLINT PHILIPPINES/FLINT TECHNOLOGY CORP. or its representatives. The Commission urges anyone who has knowledge or information about any business transactions involving these securities or investment opportunities to report such activities so that appropriate actions could be taken through the email of the Enforcement and Investor Protection Department at [emailprotected] . For the guidance of the public. Pasay City, June 8, 2021.