C08030-2023

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)
Nov 10, 2023
2. SEC Identification Number
A199600179
3. BIR Tax Identification No.
004-6688-224
4. Exact name of issuer as specified in its charter
NOW CORPORATION
5. Province, country or other jurisdiction of incorporation
METRO MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 5-I, 5th Floor OPL Building, 100 C. Palanca Street, Legaspi Village, Makati City Postal Code 1229
8. Issuer's telephone number, including area code
+632 88102548
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 1,806,726,314
11. Indicate the item numbers reported herein
9. Other Events

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.

Now CorporationNOW

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

Signing of Memorandum of Understanding
Background/Description of the Disclosure

On 10 November 2023, NOW Telecom Company, Inc. ("NOW Telecom", “NOW”), NOW Corporation's associate, and AST & Science, LLC ("AST"), a renowned global satellite company, are pleased to announce that both parties have signed a Memorandum of Understanding (MoU) to enhance communications solutions in the Philippines. NOW Telecom will leverage AST's expertise in global satellite communications through this partnership.

The collaboration of NOW and AST seeks to broaden telecom offerings globally, reaching both urban and remote regions not reached by traditional land-based cell towers. This initiative focuses on providing comprehensive communication services, including voice, video, data, and internet connectivity, to remote regions with limited or non-existent infrastructure. NOW can cater to its desired markets with always-on availability and fast recovery during disaster and emergency scenarios, eliminating the lingering denial of service to people in underserved and unserved areas.

This strategic move brings both a fundamental and transformative impact on the lives of many Filipinos, uniting people of the archipelago and linking them to the world's largest interconnected machine: the Internet.

The partnership with AST supports NOW's Trusted Network initiative as it seeks to work with only trusted vendors in the telecommunication industry in the Philippines. Recently, NOW also unveiled its Respond and Replace Program and has partnered with global tech players such as CISCO, Fortinet, Mangata, and Celona.

NOW possesses a mobile telecommunications system license from the National Telecommunications Commission with a mandate from the Philippine government to operate in outer space. NOW has been recognized by the U.S. Government as its partner in deploying 5G technologies and nationwide broadband network.
Other Relevant Information

The foregoing disclosure contains forward-looking statements and soft information that are based on the terms of the Company's associate's partnership with AST &Science, LLC and are subject to unforeseen events. Actual results could differ from those contemplated in the relevant forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company (or persons acting on behalf of the Company) are expressly qualified in their entirety by the above cautionary statements.

Attached are copies of SEC Form 17-C and the Press Release on the subject matter
Filed on behalf by:
Name Angeline Macasaet
Designation Corporate Secretary