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 21, 2023

2. SEC Identification Number

14812

3. BIR Tax Identification No.

000-110-888-000

4. Exact name of issuer as specified in its charter

CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

METRO MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

CHEMPHIL BUILDING, 851 A. ARNAIZ AVENUE MAKATI CITY Postal Code 1229

8. Issuer's telephone number, including area code

(02) 8687-8877

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 STOCK P10 PAR VALUE	10,296,601

11. Indicate the item numbers reported herein

Item 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.

Chemical Industries of the Philippines, Inc.CIP

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
Execution of a Share Purchase Agreement for the Acquisition with TIERRA ARIANA ECO LAND, INC.
Background/Description of the Disclosure
On 21 June 2023, the President and Chairman of CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC. (“CIP”), Ms. Janice Eunicia C. Roxas Chua, on behalf of CIP, executed a Share Purchase Agreement for the purchase of one hundred percent of ONE MILLION (1,000,000) common shares (the “Subject Shares”) of the capital stock of TIERRA ARIANA ECO LAND, INC. (“TIERRA ARIANA”), with a par value of One Hundred Pesos (P100.00) per share, representing One Hundred percent (100%) of the outstanding capital stock of TIERRA ARIANA. The Transaction Price amounts to One Billion Seven Hundred Twenty-Six Million Five Hundred Thousand Pesos (Php 1,726,500,000.00) or its US Dollar equivalent (using the bank exchange rate on Closing Date as approved by the Sellers). The total assets of TIERRA ARIANA based on its Audited Annual Financial Statement for YE 2022 amount to PHP1,813,672,199.00. The Share Purchase Agreement is purely an acquisition and not related with the 2019 transaction. The foregoing acqusition is neither related to nor a continuation of the change of control of CIP that occured sometime in 2019 and there will be no change in CIP's board and officers. Moreover, the former and the current management, as well as the current controlling shareholder of CIP are not related to and have no relationship with Tierra Ariana or its directors. The foregoing Share Purchase Agreement is not yet the definitive agreement between the parties. CIP will promptly make the necessary change or amendment and update the report once developments on the matter arise.
Other Relevant Information
None.