C04748-2023

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 16, 2023
2. SEC Identification Number
16342
3. BIR Tax Identification No.
000-169-020-000
4. Exact name of issuer as specified in its charter
SM Investments Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10th Floor, OneE-com Center, Harbour Drive, Mall of Asia Complex, Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
(632) 8857-0105
9. Former name or former address, if changed since last report
--
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 1,222,023,358
11. Indicate the item numbers reported herein
Item 4

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.

SM Investments CorporationSM

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Retirement of Director and Election of Independent Director/Chairman
Background/Description of the Disclosure

Ladies and Gentlemen:

Please be informed that the Board of Directors of SM Investments Corporation, at its special Board Meeting held today, June 16, 2023, approved the following:

(1) Acceptance of the retirement of Mr. Jose T. Sio as Chairman and Director,
(2) Designation of Mr. Jose T. Sio as Chairman Emeritus,
(3) Election of Mr. Amando M. Tetangco, Jr. as Independent Director,
(4) Appointment of Mr. Amando M. Tetangco, Jr. as Chairman, and
(5) Appointment of Mr. Amando M. Tetangco, Jr. as member of the Audit Committee, Compensation Committee, Related Party Transactions Committee and Risk Management Committee.

Thank you.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
Jose T. Sio Director and Chairman Jun/16/2023 Retirement
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Amando M. Tetangco, Jr. Independent Director and Chairman Jun/16/2023 Jun/16/2023 100 0 N/A
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
- - - - - - - -
Other Relevant Information

Mr. Tetangco, 70, was a career central banker for over four decades. He served as the Governor of the Bangko Sentral ng Pilipinas and Chairman of the Monetary Board for two consecutive terms (July 2005 - July 2017). As Governor, he held other government positions, such as Chairman of the Anti-Money Laundering Council, the Financial Stability Coordination Council and the Philippine International Convention Center. Overseas, he served as Alternate Executive Director of the International Monetary Fund in 1992 – 1994. He also chaired various international groups such as the Bank for International Settlements Asian Consultative Council, Financial Stability Board Regional Consultative Group for Asia and the Alliance for Financial Inclusion Steering Committee. Prior to joining the Central Bank in 1974, he worked at the Management Services Division of SGV and Co. in 1973 -1974.

He is Vice Chairman of SM Prime Holdings, Inc., and is currently, an independent director of Belle Corporation, Converge ICT Solutions, Inc. and Shell Pilipinas Corporation. He also sits on the board of Toyota Motor Corporation, CIBI Information, Inc. and The Manila Hotel. He is a Trustee of the St. Luke’s Medical Center, Tan Yan Kee Foundation, Inc., and Foundation for Liberty and Prosperity. He is also a member of the international advisory board of the Graduate Institute for Policy Studies in Tokyo, Japan and the Asia School of Business in Kuala Lumpur, Malaysia.

He is the recipient of various awards, among which are the Order of Lakandula with the rank of Bayani conferred by the President of the Philippines in 2009 and the Order of the Rising Sun, Gold and Silver Star given by the Emperor of Japan in 2019. He also received multiple recognition from a number of international organizations as one of the world’s best central bank governors and was chosen as MAP Management Man of the Year in 2015. He graduated from the Ateneo de Manila University with an AB Economics degree and obtained his Master’s in Public Policy and Administration (Development Economics) from the University of Wisconsin-Madison, USA. He attended various training programs at different institutions including the Harvard Business School and the New York Institute of Finance.
Filed on behalf by:
Name Elmer Serrano
Designation Corporate Secretary