MRC Allied, Inc.'s Board Approval for the Buy-In of Dolphin Fire Group Inc. Shares at Rappler Holdings Inc.

In a PSE Disclosure, on April 4, 2024, the Board of Directors of MRC Allied, Inc. (MRC) approved the acquisition of a significant ownership interest in Rappler Holdings Corporation, the primary owner of an internationally recognized digital online platform.

MRC will acquire Dolphin Fire Group Inc.'s (31.20% ownership interest) in Rappler Holdings Corporation, becoming the company's largest stockholder.

MRC will purchase DFGI's ownership interest in Rappler Holdings Corporation through a share swap plan in which MRC will exchange either its available Authorized Capital Stocks or Subscribed Capital Stock for DFGI's shares.

Within ten (10) days after the ratification of these resolutions, MRC and DFGI shall work together to secure a third-party valuation of DFGI's shares in Rappler Holdings Corporation through a respected auditing firm or financial advisor, which will serve as the foundation for the purchase price.

The acquisition transaction will be completed within thirty (30) days of the date of the Third-Party Valuation Report.

The acquisition will enable MRC to expand into the rapidly rising local digital web platform business.