C00388-2024

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 24, 2024
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069
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
Not Applicable
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's PITX to add six routes this year, targets 23M passengers" posted in BusinessWorld (Online Edition) on January 24, 2024.
Source BusinessWorld (Online Edition)
Subject of News Report Megawide's PITX to add six routes this year, targets 23M passengers
Date of Publication Jan 24, 2024
Clarification of News Report

We write with respect to the attached news article entitled “Megawide’s PITX to add six routes this year, targets 23M passengers” posted in BusinessWorld (Online Edition) on January 24, 2024. The article reported that:

“PARAÑAQUE INTEGRATED Terminal Exchange (PITX), a subsidiary of listed infrastructure company Megawide Construction Corp., plans to add six routes this year as it targets a passenger volume of 23 million.

The expansion includes destinations like Tuguegarao City, San Carlos City, and Dagupan City in Pangasinan, along with San Pedro and Southwoods in Laguna, and Guimaras in Western Visayas, enhancing the current 100-route network, PITX said in a statement on Tuesday.

The landport has served 127 million passengers between 2019 and 2023 and anticipates reaching a total of 150 million passengers this year, it added. PITX was formally launched in November 2019. …”


Please be informed that we confirm the veracity of the information contained in the news article. Based on passenger feedback, Megawide has identified the six routes to be added to Parañaque Integrated Terminal Exchange ("PITX"). PITX will work with the necessary authorities and intends to start operations this year.

With respect to the target of 23 million passengers this year, we would like to clarify that the PITX has already served around 127 million passengers from 2019 to 2023 and expects to reach a milestone of 150 million within the year.

Further, PITX expects to serve around 40 million passengers in 2024. By the end of 2024, the 150-million target milestone may be exceeded with the addition of new routes and other operational enhancements.
Other Relevant Information

Forward-looking statements: This clarification contains forward-looking statements that are, by their nature subject to risks and uncertainties. When used herein, the words “aims”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought to”, “plan”, “project”, “seek”, “should”, “will”, “would” and similar expressions, are intended to identify forward-looking statements.

Such forward-looking statements are based on numerous assumptions and known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. These forward-looking statements speak only as the date of this release and nothing contained herein is or should be relied upon as a promise, warranty, or representation in the future. Megawide expressly disclaims any obligation or undertaking to release, public or otherwise, any updates or revisions to any forward-looking statement contained herein to reflect any change in Megawide’s expectations with regard thereto or any change in events, conditions, assumptions or circumstances on which any statement is based
Filed on behalf by:
Name Teodulo Antonio San Juan
Designation Corporate Secretary