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)

Aug 23, 2023

2. SEC Identification Number

CS200900917

3. BIR Tax Identification No.

007213353000

4. Exact name of issuer as specified in its charter

ITALPINAS DEVELOPMENT CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 28C BPI Philamlife Building, 6811 Ayala Avenue, Makati City Postal Code Unit

8. Issuer's telephone number, including area code

09177039753

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	629,568,795

11. Indicate the item numbers reported herein

Item No. 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.

Italpinas Development CorporationIDC

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Joint Venture Agreement by IDC's majority-owned subsidiary, IDC Prime, with Ms. Gilda Go of Cagayan de Oro City
Background/Description of the Disclosure
On August 23, 2023, IDC Prime, Inc., IDC’s majority-owned subsidiary, signed a Joint Venture Agreement with Ms. Gilda Go for the development of the latter’s property consisting of 6,790 square meters, located at Lapasan, Cagayan de Oro City, into a mixed-use project, with approximate total project cost of Php1.2 Billion. The agreement was negotiated by IDC, but the development of the project was assigned to IDC Prime in order to disperse operations, and leave IDC free to make the strategic decisions, and pursue more projects.
Other Relevant Information
N/A