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)

Dec 19, 2023

2. SEC Identification Number

AS93000023

3. BIR Tax Identification No.

003-822-183-000

4. Exact name of issuer as specified in its charter

DISCOVERY WORLD CORPORATION

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

STATION 1, BALABAG, MALAY AKLAN Postal Code 5608

8. Issuer's telephone number, including area code

8813-8857

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	854,000,000

11. Indicate the item numbers reported herein

Item 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.

Discovery World Corporation DWC

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Additional Subscription to One Davao Townships Corporation (ODTC)
Background/Description of the Disclosure
In a meeting on 18 November 2022, the Board resolved to increase Discovery World Corporation's (DWC) subscription by Twenty Million (20,000,000) shares of ODTC with a par value of One Peso (P1.00) per share or a total of Twenty Million Pesos (P20,000,000.00) to be used as working capital. The subscription will be from the issuance of unissued capital stock of ODTC.

Date of Approval by Board of Directors	Nov 18, 2022

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
This acquisition is in line with DWC's business and will create opportunities for expansion of the Corporation's resort business.

Details of the acquisition or disposition

Date	Dec 19, 2023

Manner
Subscription of Shares / Subscription Contract The Subscription Agreement for the subscription of Twenty Million (20,000,000) shares was signed and notarized on 19 December 2023. The Documentary Stamp Taxes will be paid before the legal deadline.
Description of the company to be acquired or sold
Incorporated and registered with the SEC on 13 October 2021, One Davao Townships Corporation is a holding company for properties being developed in Davao.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	20,000,000
Percentage to the total outstanding shares of the company subject of the transaction	57.14
Price per share	Php 1.00

Nature and amount of consideration given or received
The consideration is based on par value
Principle followed in determining the amount of consideration
The consideration is based on par value
Terms of payment
The subscription of Twenty Million (20,000,000) shares shall be paid upon call of the Board of Directors of ODTC
Conditions precedent to closing of the transaction, if any
None.
Any other salient terms
N/A

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
One Davao Townships Corporation	One Davao Townships Corporation is a wholly-owned subsidiary of DWC

Effect(s) on the business, financial condition and operations of the Issuer, if any
This acquisition will augment working capital and create opportunities for expansion of the Corporation's resort business.
Other Relevant Information
The current outstanding capital stock of ODTC is Fifteen Million (15,000,000) shares. With the subscription of DWC of Twenty Million (20,000,000) shares, the total outstanding capital of LC9 would be Thirty-Five Million (35,000,000) shares. This disclosure is being amended to indicate the execution date of the Subscription Agreement covering Twenty Million (20,000,000) shares.