C05327-2023

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)
Jul 10, 2023
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
ACEN CORPORATION
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(02) 7730 6300
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 Shares 39,677,394,773
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.

ACEN CORPORATIONACEN

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

Executive Committee Approval of Various Matters

Background/Description of the Disclosure

Please be advised that on 10 July 2023, the Company’s Executive Committee approved the following:

1. The one (1) year extension of maturity of the Php4.7 billion loan facility provided by the Company to Greencore Power Solution 3, ACEN’s joint venture company with Citicore Solar Energy Corporation for the Arayat Solar project, at an interest rate of 15% (an increase from the current ~7%); and

2. The proposed joint venture with Norfund and investment into YMP Telecom Power Inc. for the provision of sustainable and affordable telecom tower solarization solutions in the Philippines, on terms as presented and subject to definitive documentation.

Other Relevant Information

Norfund is the Norwegian Investment Fund for developing countries with NOK 26.9 billion (USD 2.5 billion) in total commitments as of 2021. It is owned and funded by the Norwegian Government and is used as a tool for strengthening the private sector in developing countries.

Filed on behalf by:
Name Alan Ascalon
Designation Vice President/Asst. Corporate Secretary