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 7, 2023

2. SEC Identification Number

175222

3. BIR Tax Identification No.

242-603-734-000

4. Exact name of issuer as specified in its charter

Vivant Corporation

5. Province, country or other jurisdiction of incorporation

Mandaluyong City

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

9th Floor, Oakridge IT Center, Oakridge Business Park, A.S. Fortuna Street, Barangay Banilad, Mandaue City, Cebu Postal Code 6014

8. Issuer's telephone number, including area code

+63 32-2342256; +63 32-2342285

9. Former name or former address, if changed since last report

Not applicable

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	1,023,456,698

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.

Vivant CorporationVVT

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Acquisition of additional shares in subsidiaries by a wholly-owned subsidiary of Vivant Corporation.
Background/Description of the Disclosure
Vivant Energy Corporation (Vivant Energy), a wholly owned subsidiary of publicly listed Vivant Corporation, is set to acquire 50% of the outstanding and issued shares of partner Gigawatt Power Inc. (GPI) in Calamian Island Power Corporation (CIPC). Vivant Energy will acquire a total of 1,020,974 common and preferred shares. The transaction was approved by the Board of Directors of Vivant Energy on May 17, 2023.

Date of Approval by Board of Directors	May 17, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The transaction is a strategic investment that will allow Vivant to expand its investment in the off-grid areas and remote communities. Vivant Energy is a wholly-owned subsidiary of Vivant Corporation holding the latter’s energy investment portfolio.

Details of the acquisition or disposition

Date	Jun 1, 2023

Manner
Share purchase through the execution of a Share Sale and Purchase Agreement.
Description of the company to be acquired or sold
CIPC owns a 7.35- MW bunker-fired power plant in Coron and a 0.91-MW diesel power plant in Busuanga. is currently supplying the power requirements of Busuanga Island Electric Cooperative.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	1,020,974
Percentage to the total outstanding shares of the company subject of the transaction	50
Price per share	The transaction value is less than 1% of assets

Nature and amount of consideration given or received
40% of the purchase price was remitted to GPI by Vivant Energy.
Principle followed in determining the amount of consideration
The amount of the consideration was negotiated between the parties. The transaction value is less than 1% of the consolidated total assets and stockholders’ equity of Vivant Corporation.
Terms of payment
Full payment will be due upon issuance of the Certificate Authorizing Registration and fulfillment of all conditions precedent to complete the transaction.
Conditions precedent to closing of the transaction, if any
The usual conditions precedents applicable in this kind of transaction.
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Gigawatt Power, Inc.	Co-investor of subsidiary, Vivant Energy in CIPC
CIPC	Investee company of subsidiary, Vivant Energy

Effect(s) on the business, financial condition and operations of the Issuer, if any
This transaction is expected to generate returns for Vivant Corporation’s shareholders.
Other Relevant Information
The number of shares pertain to common and preferred shares. The date of Board Approval pertains to the approval by the subsidiary, Vivant Energy.