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 22, 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 AKLANPostal Code5608
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 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Results of the Organizational Meeting of the Board of Directors
Background/Description of the Disclosure
Election of the Corporation's Officers for the year 2023-2024 to serve as such until their successors have been duly elected and qualified.
Election of members of the following Board Committees: 1) Executive Committee; 2) Audit Committee; 3) Board Risk Oversight Committee; and 4) Corporate Governance Committee.
List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Position/Designation
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
John Y. Tiu, Jr.
Chairman of the Board and Chief Executive Officer
1,200,001
250,383,000
Through JT Perle Corporation
Jose C. Parreño, Jr.
President
50,000
-
-
Leslie T. Yapkianwee
Treasurer
-
-
-
Christopher John A.D. Tiu
Assistant Treasurer
9,350,000
-
-
Anna Francesca C. Respicio
Corporate Secretary
-
-
-
Roberto Rolando L. Geotina
Assistant Corporate Secretary
-
-
-
Charlie G. Ledesma
AVP for Finance and Compliance Officer
-
-
-
Erlito Z. Parangue
Risk and Audit Officer
-
-
-
Mary Jean D. Codiñera
VP - Investor Relations Officer
-
-
-
Rupert Terrence Sykat
VP - Project Development
-
-
-
Jonathan M. Fabricante
VP - Construction Development
-
-
-
Elizabeth Ann C. Parpan
Lead Independent Director
50,001
-
-
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
John Y. Tiu, Jr.
Chairman
Executive Committee
Jose C. Parreño, Jr.
Member
Executive Committee
Christopher John A.D. Tiu
Member
Executive Committee
Romualdo C. Macasaet
Member
Audit Committee
Elizabeth Ann C. Parpan
Chairman
Audit Committee
William L. Chua
Member
Audit Committee
Romualdo C. Macasaet
Member
Audit Committee
Melissa Y. Yap
Member
Board Risk and Oversight Committee
Melissa Y. Yap
Chairman
Board Risk and Oversight Committee
Elizabeth Ann C. Parpan
Member
Board Risk and Oversight Committee
William L. Chua
Member
Corporate Governance Committee
Melissa Y. Yap
Chairman
Corporate Governance Committee
Elizabeth Ann C. Parpan
Member
Corporate Governance Committee
William L. Chua
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
None
Other Relevant Information
This disclosure was amended to correct the composition of the Corporation's Board Risk Oversight Committee as appointed by the Board of Directors on 22 June 2023.