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)

Jan 19, 2024

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069-000

4. Exact name of issuer as specified in its charter

Megawide Construction Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 20 N. Domingo Street, Barangay Valencia, Quezon City Postal Code 1112

8. Issuer's telephone number, including area code

(02) 8655-1111

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	2,013,409,717
Preferred	101,405,880

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.

Megawide Construction CorporationMWIDE

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 the News Article entitled "Megawide prepares property unit for initial public offering next year" posted in Manila Standard on 18 January 2024

Source	Manila Standard (Online Edition)
Subject of News Report	Megawide prepares property unit for initial public offering next year
Date of Publication	Jan 18, 2024

Clarification of News Report
We write with respect to the news articles posted in various online sites. In the attached news article entitled “Megawide prepares property unit for initial public offering next year” posted in Manila Standard (Online Edition) on 18 January 2024, the article reported in part that: “Megawide Construction Corp. plans to list its property unit PH1 World Development Inc. in the Philippine Stock Exchange as early as 2025. Megawide chairman Edgar Saavedra said in an interview the property firm plans to launch two residential projects annually over the next few years, including mid-rise buildings and house-and-lot developments to strengthen its portfolio. ‘In 10 years, we will have an order book of P200 billion,’ Saavedra said. . . . . “ Please be informed that we confirm the veracity of the information contained in the news article, specifically the plans of Megawide to list its subsidiary, PH1 World Developers, Inc. (“PH1 World”), in the Philippine Stock Exchange, at the earliest, by 2025 and hold an Initial Public Offering in relation thereto. Such plans, however, are still subject to further evaluation and will be announced accordingly. We also confirm that existing projections prepared by Megawide show that the order book of PH1 World has the potential to achieve a value of PhP 200 billion within a 10-year timeframe.
Other Relevant Information
None.