Annex A to the SEC Form 17-A: SRC Sustainability Report

Contextual Information

Company Details

Name of Organization

Location of Headquarters

Location of Operations

Report Boundary: Legal entities (e.g. subsidiaries) included in this report*

Business Model, including Primary Activities, Brands, Products, and Services

Reporting Period

Seafront Resources Corporation (SPM or SRC)

7F JMT Bldg. ADB Avenue, Ortigas Center, Pasig City

Pasig City, Metro Manila; Bataan, Philippines

This report mainly covers SRC’s business as a Holding Company and its investment in Hermosa Ecozone Development Corporation (HEDC).

SRC, as a holding company, owns investments in shares of stocks of HEDC and in various shares of stocks of companies listed in the Philippine Stock Exchange. These investments represent 74.77% and 10.23%, respectively, of the total Assets of the Company.

January 1 to December 31, 2022

Highest Ranking Person responsible for this report Milagros V. Reyes - President

Materiality Process

Explain how you applied the materiality principle (or the materiality process) in identifying your material topics

As a holding Company, SRC has very minimal operations. Its sustainability agenda focuses is on ensuring that its investment in capital market and business venture would yield optimum values for its shareholders. For this report, the material topics that were identified were those relating to economic impact and how the Company mitigates risks and recognizes opportunities.

In succeeding Sustainability Reports, the following additional steps will be employed to identify other material topics: a) Identification – this involves discussion on sustainability issues and how the Company can focus its efforts on crafting its sustainability agenda; b) Prioritization – this entails determination and prioritization of the material topics based on the relevance and degree of impact to business’ operations; and c) Validation – this pertains to the process of gathered pertinent data to further deliberate on the topic and validate results.