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)

Dec 7, 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 AKLAN Postal Code 5608

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 4-30 - 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
Additional Investment in Subsidiaries
Background/Description of the Disclosure
During their meeting held on 7 December 2023, the Board of Directors approved additional subscriptions to the capital stock of Discovery World Corporation’s ('DWC') wholly-owned subsidiaries, namely: Cay Islands Corporation ('CIC'), Lucky Cloud 9 Resorts ('LC9'), Inc., One Davao Townships Corporation ('ODTC'), and Palawan Cove Corporation (PCC).
Other Relevant Information
The additional subscription to CIC is for One Hundred Thirty Million (130,000,000) shares; to LC9, Fifty-Five Million (55,000,000) shares; to ODTC, for Two Hundred Sixty-Five Million (265,000,000) shares; and to PCC, Ten Million (10,000,000) shares. The par value of these shares are at One Peso (Php1.00) per share. The subscriptions to CIC, LC9, and ODTC are conditioned upon the application and approval of increase in Authorized Capital Stock with the Securities and Exchange Commission. The subscription to PCC will be from the issuance of its unissued capital stock.