SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

May 26, 2023

2. SEC Identification Number

A-1997-18963

3. BIR Tax Identification No.

005-011-651-000

4. Exact name of issuer as specified in its charter

ASIA UNITED BANK CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Joy-Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig City Postal Code 1600

8. Issuer's telephone number, including area code

(632) 8633-6888; (632) 8631-3333

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common	485,310,538

11. Indicate the item numbers reported herein

item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Asia United Bank CorporationAUB

PSE Disclosure Form 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of Stock Dividend
Background/Description of the Disclosure
Please be advised that in a meeting held today, the Bank's Board of Directors, upon recommendation of Management, approved the declaration of a 50% stock dividend, subject to the approval of the stockholders in the annual stockholders’ meeting on 23 June 2023. It shall also be subject to the approval by the Securities and Exchange Commission of the related application for amendment of the Bank’s Articles of Incorporation to increase authorized capital stock.

Type of Securities

• Common
• Preferred-
• Others-

Stock Dividend

Date of Approval by Board of Directors	May 26, 2023
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable	TBA
Date of Approval by Securities and Exchange Commission	TBA
Stock Dividend Rate	Fifty Percent (50%)

Source of Dividend Payment
Unrestricted retained earnings as of 31 December 2022

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : - To be taken from an increase in authorized capital stock From: Five Billion Pesos To:Fourteen Billion Seven Hundred Million Pesos Number of Shares to be Issued : 242,655,269 Others: - Number of Shares to be Issued : -
Record Date	TBA
Payment Date	TBA

Other Relevant Information
The declaration of stock dividend is still subject to the approval of the stockholders in the annual stockholders’ meeting scheduled on 23 June 2023, as well as the approval by the Securities and Exchange Commission of the related application for amendment of the Articles of Incorporation of the Bank to increase authorized capital stock.