Borrego Solar, Inc.

May 10, 2022 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY This ADVISORY is prompted by information gathered by the Commission that a number of individuals or group of persons have been claiming to represent BORREGO SOLAR, INC. , and are enticing the public to invest their money in the said entity. Posts have been appearing online containing statements that BORREGO SOLAR, INC. is offering investments to the public through the website: https://phsolar99.com or through an app available on Google Play store. Signing up through a personal mobile number will entitle investors to receive a cash bonus of Php58.00 which can be used to buy the entity's package. As posted, BORREGO SOLAR, INC. offers different packages ranging from PHP200 up to PHP80,000. Users may opt to choose from the following packages: * Generation period refers to the number of days; Component price refers to the price of the package; Electricity bill refers to the daily earnings up to maturity. Users earn by purchasing any package and wait until the said "generation period" matures with a guarantee of no loss. A YouTube video contains a discussion of the expected earnings of each package of BORREGO SOLAR, INC. , to wit: Package Generation Period (days) Daily earnings Total Earnings Total Earnings per Generation Period (%) Total Earnings per day (%) PHP200 2 PHP4 PHP8 4% 2% PHP800 5 PHP20 PHP100 12.5% 2.5% PHP2,000 10 PHP60 PHP600 30% 3% PHP3,000 7 PHP90 PHP630 21% 3% PHP5,000 25 PHP160 PHP4,000 80% 3.2% PHP30,000 55 PHP2,730 PHP150,150 500.5% 9.1% PHP50,000 68 PHP5,500 PHP374,000 748% 11% PHP80,000 49 PHP10,400 PHP509,600 637% 13% To recharge, the application gives two options to recharge: (1) Gcash; and (2) Coins.ph. If the user chooses the Gcash option, the application generates a QR code, where the user pays or sends money to. The application's protocol is to inform the regional manager first before proceeding to recharging the user's account. Consequently, to withdraw earnings, the application notifies the user if the purchased contract reaches expiration. The regional manager, where the user is registered, will allegedly send the money through the Gcash number provided by the user. As the above described schemes involve the sale of securities to the public, the Securities Regulation Code (SRC) requires that these securities must first be duly registered with the Commission and that the concerned corporation and/or its agents have the appropriate registration and/or license to sell such securities to the public pursuant to Sections 8 and 28 of the SRC. The public is hereby informed that BORREGO SOLAR, INC. is not registered with the Commission either as a corporation or as a partnership . Further, it is NOT AUTHORIZED to solicit investments from the public since it has not secured prior registration and/or license from the Commission as prescribed under Sections 8 and 28 of the SRC . Hence, the public is advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of BORREGO SOLAR, INC. and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Accordingly, those who invite or recruit others to join or invest in such venture or offer unregistered investment contracts or unregistered securities to the public may incur criminal liability or 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 on any recruitment or securities solicitation activities being undertaken by persons or group of persons claiming to represent BORREGO SOLAR, INC. , you may send your reports to the Enforcement and Investor Protection Department through email at [emailprotected] . For the guidance of the public. Pasay City, May 10, 2022.