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)
Aug 11, 2023
2. SEC Identification Number
34218
3. BIR Tax Identification No.
000-153-610-000
4. Exact name of issuer as specified in its charter
AYALA CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
37F to 39F, Ayala Triangle Gardens Tower 2, Paseo de Roxas cor Makati Avenue, Makati CityPostal Code1226
8. Issuer's telephone number, including area code
(02) 7908-3000
9. Former name or former address, if changed since last report
NA
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
619,807,425
Preferred B Series 1 Shares
20,000,000
Preferred B Series 2 Shares
30,000,000
Preferred A Shares
5,244,515
Voting Preferred Shares
200,000,000
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.
Ayala CorporationAC
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Distribution Agreement between Ayala Corporation (“AC”) and BYD Philippines Corp. (“BYD PH”)
Background/Description of the Disclosure
On 11 August 2023, AC and BYD PH executed a Distribution Agreement (the “Agreement”), which grants AC the right to distribute and sell BYD passenger electric vehicles in the Philippines, and appoint dealers for the purpose of selling said electric vehicles.
As distributor, AC will oversee the sale of BYD’s passenger vehicles through a dealer network, drive the expansion of the brand’s footprint in the country, and support customers’ aftersales requirements through the provision of parts and technical support, both to new buyers as well as existing BYD owners.
BYD Co. Ltd. is the world’s largest electric vehicle manufacturer, producing nearly 1.9 million battery and plug-in hybrid electric vehicles in 2022. It is also a major manufacturer of electric industrial equipment, batteries, and solar panels. Listed on both the Hong Kong and Shanghai stock exchanges, BYD is represented in the Philippines by its local subsidiary, which manages the importation of vehicles and parts.
Other Relevant Information
The Agreement may subsequently be assigned by AC to a wholly-owned subsidiary with the prior written consent of BYD PH.
Please see attached press release for more information.