C08283-2023

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)
Nov 21, 2023
2. SEC Identification Number
14829
3. BIR Tax Identification No.
000-164-757
4. Exact name of issuer as specified in its charter
Shell Pilipinas Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
41st Floor, The Finance Center, 26th Street corner 9th Avenue Bonifacio Global City, Brgy. Fort Bonifacio Taguig City, Metro Manila Postal Code 1635
8. Issuer's telephone number, including area code
+63234994001
9. Former name or former address, if changed since last report
Pilipinas Shell Petroleum Corporation
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 1,613,444,202
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.

Shell Pilipinas CorporationSHLPH

PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

2023 Special Stockholders' Meeting
Background/Description of the Disclosure

Results of the 2023 Special Stockholders' Meeting held on 21 November 2023
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
N/A 0 0 N/A
External auditor Sycip Gorres Velayo & Company
List of other material resolutions, transactions and corporate actions approved by the stockholders

Shell Pilipinas Corporation (“SHLPH”) held its virtual Special Stockholders’ Meeting on 21 November 2023 through Shell Operated Webcast. Pursuant to SEC Memorandum Circular No. 6, Series of 2020, stockholders representing 74.39% (final figures subject to validation by Rizal Commercial Banking Corporation) of the total issued and outstanding capital stock of SHLPH participated in the meeting via remote communication, in absentia and by proxy.

During the meeting, stockholders representing at least 74.35% (final figures subject to validation by Rizal Commercial Banking Corporation) of the total issued and outstanding capital approved the following:

1. the Minutes of the Annual Stockholders’ Meeting held on 09 May 2023;

2. SHLPH Directly Engaging in Electric Vehicle Charging Station Business and Amendment of the Articles of Incorporation (“AoI”) to Allow the Sale of Services Related to Electric Charging; and

3. SHLPH Selling Services (Including Technical Services Related to Lubricants Business) and Amendment of the AoI for the Purpose.

The amendments to the AoI mentioned in (2) and (3) above shall be submitted to the Securities and Exchange Commission for approval.

Regarding (2), the stockholders have approved the proposal for SHLPH to directly engage in the electric vehicle charging station business and to sell various services related to electric charging. This aligns with the company’s approach towards energy transition in step with society, evolving beyond petroleum, towards sustainable and cleaner energy solutions for the company, people, community and environment today and for the future.

The Second Article, Secondary Purpose (i) of the AoI of SHLPH will be amended and broadened to include the sale of services related to electric charging, as follows:

(i) To purchase, create, generate, hold or otherwise acquire electric current and electric power of every kind, description and source, and to sell, market, supply or otherwise dispose of at wholesale/retail, insofar as may be permitted by law, light, heat and power of every kind, description and source as well as to offer, provide, and sell services of all kinds to business entities and/or end consumers, either in conjunction with or independent of, the sale, marketing, and supply of light, heat and power of every kind, description and source, including but not limited to services related to electric charging. (Underscoring supplied)

Regarding (3), to generate more revenues for the company, the stockholders have approved the proposal for SHLPH to also sell technical services related to the company’s lubricants business to non-buyers of its lubricants products.

As such, the Second Article, Secondary Purpose (c) of the AoI of SHLPH will be amended and broadened to include the sale of services, as follows:

(c) To the extent permitted by law, to buy, trade, exchange, distribute and sell, at wholesale and/or retail, all kinds, types, and classes of goods, wares, merchandise, products, and other articles of trade including, whether tangible or intangible, but not limited to, dry goods, foodstuffs, food products, beverages, electrical supplies, office equipment, rubber and synthetic products, hydrocarbon products, chemical, chemical products, and credits or certificates and to offer, provide, and sell services of all kinds to business entities and/or end consumers, either in conjunction with or independent of, the sale of the foregoing goods, products and articles. (Underscoring supplied)
Other Relevant Information

During the 2023 Special Stockholders' Meeting, there was no election of directors for the ensuing year.

Kindly refer to the attached 17-C.
Filed on behalf by:
Name Mark Hadrian Gamo
Designation Legal Counsel & Corporate Secretary