C05540-2023

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 19, 2023
2. SEC Identification Number
51048
3. BIR Tax Identification No.
000-053-167-000
4. Exact name of issuer as specified in its charter
FILINVEST DEVELOPMENT CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Beaufort, 5th Avenue corner 23rd St., Bonifacio Global City, Taguig City, Metro Manila Postal Code 1634
8. Issuer's telephone number, including area code
77983977
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, P1.0 par value 8,648,462,987
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.

Filinvest Development CorporationFDC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report
Source Business World
Subject of News Report Filinvest unit plans desalination plant in Cebu
Date of Publication Jul 18, 2023
Clarification of News Report

We reply to your request for confirmation of the veracity of the excerpt of the news article entitled “Filinvest unit plans desalination plant in Cebu” published in Business World. The article reported in part that:

“Filinvest Development Corp. Utilities, Inc. (FDCUI) plans to build a desalination facility in Cebu City with a capacity of about 80 million liters per day (MLD) to meet the growing water demand in the area, a company official said.

“The issues that were raised earlier are all bout Metro Manila, but let me take everyone outside Metro Manila. Metro Cebu area’s demand is 570 MLD and you know how much water can be supplied? 270 MLD. So, as we speak there is a shortage of 300 MLD,” Juan Eugenio L. Roxas, president and chief executive officer of FDCUI, said in a water forum hosted by Stratbase ADR Institute on Monday.

Mr. Roxas said FDCUI has existing desalination projects in Cebu City but described them as small. He said the city relies solely on Buhisan Dam. Deep wells, while prohibited in Cebu, cannot use groundwater as saltwater seeps through, making it unusable.

“We have no choice but to go into desalination,” he said. “Hopefully, we will get that off the ground. The most expensive water is no water at all. It is going to be blended with the existing supply of water districts. So, it is not going to be that expensive.”

xxx xxx xxx”

Filinvest Development Corporation (“the Company”) confirms that the statements made by Mr. Juan Eugenio L. Roxas, FDC Utilities, Inc. (“FDCUI”) President and Chief Executive Officer, published by Business World, are correct.

The Company will make the required disclosures to the public as and when there are material concrete developments to the Company’s projects.
Other Relevant Information

none
Filed on behalf by:
Name Lindeza Gavino
Designation Corporate Secretary and Corporate Information Officer