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 22, 2023
2. SEC Identification Number
AS93000023
3. BIR Tax Identification No.
003822183000
4. Exact name of issuer as specified in its charter
DISCOVERY WORLD CORPORATION
5. Province, country or other jurisdiction of incorporation
STATION 1, BALABAG, MALAY AKLAN
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
STATION 1, BALABAG, MALAY AKLANPostal Code5608
8. Issuer's telephone number, including area code
8813-8857
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
854,000,000
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.
Discovery World Corporation DWC
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of the Annual Stockholders' Meeting of Discovery World Corporation ('DWC') held on 22 June 2023
Background/Description of the Disclosure
The annual meeting of the stockholders of DWC was held on 22 June 2023 at 2:00 p.m., in Discovery Shores Boracay.
Agenda
1. Approval of the Minutes of the Previous Meeting of Stockholders 2. President's Report and Presentation of 2022 Financial Statements 3. Ratification of all Acts of the Board of Directors and Officers 4. Election of Directors 5. Appointment of Reyes Tacandong & Co. as External Auditor for 2023
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
John Y. Tiu, Jr.
1,200,001
250,383,000
Through JT Perle Corporation
Jose C. Parreño, Jr.
50,000
-
-
A. Bayani K. Tan
50,001
-
-
Lamberto R. Villena
50,001
-
-
Romualdo C. Macasaet
10,001
-
-
Christopher John A.D. Tiu
9,350,000
-
-
William L. Chua
50,000
-
-
Elizabeth Ann C. Parpan
50,001
-
-
Melissa Y. Yap
40,000
-
-
External auditor
Reyes Tacandong & Co.
List of other material resolutions, transactions and corporate actions approved by the stockholders
The above-mentioned persons were elected as members of the Board of Directors of the Corporation for the year 2023-2024 to hold office as such until their successors shall have been duly elected and qualified. Ms. Elizabeth Ann C. Parpan and Ms. Melissa Y. Yap were elected as the Corporation's Independent Directors in accordance with the requirements of the Securities Regulation Code and Code of Corporate Governance.
The stockholders approved the extension of Ms. Elizabeth C. Parpan to serve as an independent director of the Corporation for 2023-2024.