C06647-2023

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)
Aug 29, 2023
2. SEC Identification Number
AS093-00023
3. BIR Tax Identification No.
003-822-183
4. Exact name of issuer as specified in its charter
Discovery World Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Station 1, Balabag, Malay, Aklan Postal Code 5608
8. Issuer's telephone number, including area code
Station 1, Balabag, Malay, Aklan
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 626,000,000
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 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of Articles of Incorporation

Background/Description of the Disclosure

The Board of Directors and Stockholders approved the following amendments to the Company's Articles of Incorporation

1) Inclusion of "Terra Spa" as a business name; and

2) Conversion of 265,000,000 common shares into preferred shares.

Date of Approval by
Board of Directors
Aug 29, 2017
Date of Approval by Stockholders Nov 9, 2018
Other Relevant Regulatory Agency, if applicable N/A
Date of Approval by Relevant Regulatory Agency, if applicable TBA
Date of Approval by Securities and Exchange Commission Aug 23, 2023
Date of Receipt of SEC approval Aug 29, 2023
Amendment(s)
Article No. From To
First Discovery World Corporation doing business under the names and styles of Discovery Boracay, Discovery Shores, Platitos Resto-Bar, Sands Lounge, Indigo Resto-Bar, Sunken Pool Bar, Forno Osteria, Estate XI, and 360 Roof Lounge Discovery World Corporation doing business under the names and styles of Discovery Boracay, Discovery Shores, Platitos Resto-Bar, Sands Lounge, Indigo Resto-Bar and Sunken Pool Bar, Forno Osteria, Estate XI, 360 Roof Lounge, and Terra Spa
Seventh Please see attached Please see attached
Rationale for the amendment(s)

1) The tradename, "Terra Spa" pertains to the Spa located within Discovery Shores Boracay; and

2) The conversion of 265,000,000 common shares into preferred shares is being undertaken in consideration of a possible capital raising exercise that will be conducted by the Company in the future.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC Nov 16, 2018
Expected date of SEC approval of the Amended Articles of Incorporation Aug 29, 2023
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

Other than the conversion of the 265,000,000 unissued common shares into preferred shares, the amendment has no effect to the business, operations and capital structure of DWC

Other Relevant Information

The 265,000,000 shares converted from common shares to preferred shares are from the unissued capital stock of DWC.

This disclosure is being amended to reflect the date of approval by the Securities and Exchange Commission on 23 August 2023 and the date of Receipt of SEC Approval on 29 August 2023.

Please see the attached Certificate of Filing Amended Articles of Incorporation dated 23 August 2023 and Amended Articles of Incorporation.

Filed on behalf by:
Name Anna Francesca Respicio
Designation Corporate Secretary