However, RHI informed the PSE that "kindly be advised that the non-binding Term Sheet on which the article is based contemplates the execution of the relevant definitive documentation, including a binding Investment Agreement, on or before May 31, 2024." "RHI Management believes that any further news articles or press releases that will come out hereinafter will greatly fuel the speculation that such 'proposed investment by CHCI or Leviste' is a done deal, which is misleading and far from the truth," it noted. In a separate disclosure, RHIC clarified that "a non-binding Term Sheet was signed by Roxas Holdings, Inc., First Pacific Natural Resources Holdings, BV, First Agri Holdings Corporation and Countryside Investments Holdings Corporation on May 16, 2024." "FPNR (BV) and FAHC are wholly owned subsidiaries of First Pacific Company Limited and collectively own a total of 62.89 percent of outstanding capital of RHI.