In re Brio De Agoho Club Resort, Inc.

September 8, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC EIPD REFERENCE NO. 2021-0029 IN THE MATTER OF: BRIO DE AGOHO CLUB RESORT, INC. ORDER The Securities and Exchange Commission wishes to announce to the public that BRIO DE AGOHO CLUB RESORT, INC. ("BRIO DE AGOHO") has entered into a settlement agreement with the Commission. On 12 August 2021, an Advisory against BRIO DE AGOHO was posted on the SEC Website in view of its offering to the public of club shares or Proprietary Shares of BRIO DE AGOHO which are securities as defined under Section 3 of the Securities Regulation Code. On 26 August 2021, BRIO DE AGOHO submitted an offer of settlement and manifested that it is willing to pay fifty percent (50%) of the total fine that will be imposed by the Commission. On 2 September 2021, a Resolution was issued by the Commission En Banc approving the recommendation of the EIPD that the settlement offer of BRIO DE AGOHO be DENIED . Instead, BRIO DE AGOHO should be ordered to pay One Million Eight Hundred Sixteen Thousand Pesos (Php1,816,000.00) or 80% of the imposable penalty. In compliance therewith, the amount of One Million Eight Hundred Sixteen Thousand Pesos (Php1,816,000.00) was PAID by BRIO DE AGOHO on 6 September 2021 under O.R. No. 2036897. WHEREFORE , the above-captioned case is now deemed settled without any determination of fault or guilt on the part of BRIO DE AGOHO CLUB RESORT, INC. Moreover, this Order effectively lifts the Advisory issued against the company. This settlement agreement shall become effective only upon public disclosure thereof on the Commission's website. SO ORDERED. September 8, 2021, Pasay City, Philippines. (SGD.) OLIVER O. LEONARDO Officer-in-Charge