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 30, 2023

2. SEC Identification Number

CS200803939

3. BIR Tax Identification No.

007-990128

4. Exact name of issuer as specified in its charter

TOP FRONTIER INVESTMENT HOLDINGS, INC.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

5th Floor, ENZO Building, No. 399 Sen. Gil Puyat Ave., Makati City Postal Code 1200

8. Issuer's telephone number, including area code

(02) 8632-3481

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 Shares	332,886,167
Conso.Total Liab. (as of 3.31.23 in Millions Php)	1,732,871

11. Indicate the item numbers reported herein

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.

Top Frontier Investment Holdings, Inc.TFHI

PSE Disclosure Form 4-11 - Change in Number of Issued and Outstanding Shares References: Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Report on the change in the number of Issued and Outstanding Common Shares of Top Frontier Investment Holdings, Inc. (the "Company") as of 30 June 2023
Background/Description of the Disclosure
The issued and outstanding Common Shares of the Company increased by 45,000,000 Common Shares in view of the completion and closing of the subscription by Far East Holdings, Inc. ("FEHI") of 45,000,000 Common Shares of the Company (the "Subject Shares"). The Subject Shares were likewise issued by the Company in the name of FEHI on 30 June 2023 and duly recorded in the books of the Company.

Change(s) in Number of Issued and Outstanding Shares

Issued Shares

Type of Security /Stock Symbol	Before	After
Common/ TFHI	490,196,200	535,196,200

Outstanding Shares

Type of Security /Stock Symbol	Before	After
Common/ TFHI	332,886,167	377,886,167

Other Changes, if any

In percent	Before	After
Public float	11.92	10.5
Foreign Ownership level	15.96	13.82