C06694-2023

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)
Aug 30, 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 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure

Update on the Joint Venture of the Puri Usaha Group and ACEN Renewables International Pte Ltd.

Background/Description of the Disclosure

By way of update to the 16 May 2022 press release/disclosure on Puri Usaha Group’s and ACEN’s (through its subsidiary, ACEN Renewables International Pte Ltd, hereafter “ACRI”) agreement to set up a platform for the development of renewable energy projects in Indonesia focusing on large-scale solar power plants, battery energy storage system and green hydrogen projects, please be advised that on 30 August 2023, PT Trisuya Mitra Bersama (a member of the Puri Usaha Group) and ACEN Indonesia Investment Holdings, Pte. Ltd. (another subsidiary of ACEN, which is wholly owned by ACRI) entered into an Investment Agreement and Shareholders’ Agreement for their joint venture company, PT Puri Prakarsa Batam.

DISCLAIMER: This disclosure may contain forward-looking statements that are subject to risk factors and opportunities that may affect ACEN’s plans to complete the transaction/s subject of this disclosure. Each forward-looking statement is made only as of the date of this disclosure. Outcomes of the subject transaction may differ materially from those expressed in the forward-looking statements included in this disclosure.

Other Relevant Information

This disclosure is amended to correct the ACEN subsidiary (from "ACRI" to "ACEN Indonesia Investment Holdings, Pte. Ltd.") that executed the Investment Agreement and Shareholders' Agreement with PT Trisuya Mitra Bersama for their joint venture company, PT Puri Prakarsa Batam.

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