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)

Jun 6, 2023

2. SEC Identification Number

77823

3. BIR Tax Identification No.

000527103

4. Exact name of issuer as specified in its charter

Cityland Development Corporation

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F Cityland Condominium 10 Tower I, 156 H.V. Dela Costa St., Makati City Postal Code 1226

8. Issuer's telephone number, including area code

02-88936060

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
Unclassified Common Shares	4,855,121,595

11. Indicate the item numbers reported herein

Item no. 9 - Other Events

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.

Cityland Development CorporationCDC

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
Approval of the stockholders regarding the declaration of Stock Dividends
Background/Description of the Disclosure
In a special meeting of the Board of Directors on April 24, 2023, the Board approved the declaration of Two and Five Tenths percent (2.5%) stock dividends to stockholders of record as of July 06, 2023 to be distributed on August 01, 2023. The declaration of stock dividends was presented to the stockholders during the Annual Stockholders' Meeting on June 06, 2023. The stockholders representing at least two-thirds (2/3) of the total outstanding capital stock approved the declaration of stock dividends. The stock dividends will be taken from the unissued capital stock and shall be declared from the unappropriated retained earnings as of December 31, 2022. There will be no fractional shares issued therein.

Type of Securities

• Common
• PreferredN.A.
• OthersN.A.

Stock Dividend

Date of Approval by Board of Directors	Apr 24, 2023
Date of Approval by Stockholders	Jun 6, 2023
Other Relevant Regulatory Agency, if applicable	N.A.
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	N/A
Stock Dividend Rate	2.5%

Source of Dividend Payment
The stock dividends will be taken from the unissued capital stock and shall be declared from the unappropriated retained earnings as of December 31, 2022

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : 121,378,040 To be taken from an increase in authorized capital stock From: N.A. To:N.A. Number of Shares to be Issued : 0 Others: N.A. Number of Shares to be Issued : 0
Record Date	Jul 6, 2023
Payment Date	Aug 1, 2023

Other Relevant Information
The amendment was made to reflect the date of approval of the stockholders on the declaration of stock dividends.