C00456-2024

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 29, 2024
2. SEC Identification Number
51048
3. BIR Tax Identification No.
000-053-167-000
4. Exact name of issuer as specified in its charter
FILINVEST DEVELOPMENT CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Beaufort, 5th Avenue corner 23rd St., Bonifacio Global City, Taguig City, Metro Manila Postal Code 1634
8. Issuer's telephone number, including area code
77983977
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, P1.0 par value 8,648,462,987
11. Indicate the item numbers reported herein
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.

Filinvest Development CorporationFDC

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 News Report
Source Business World (online edition)
Subject of News Report Filinvest subsidiary plans to boost capacity of Mindanao Solar Project
Date of Publication Jan 29, 2024
Clarification of News Report

We reply to your request for an update in relation to the news article entitled “Filinvest subsidiary plans to boost capacity of Mindanao solar project” posted in BusinessWorld (Online Edition), wherein it was reported in part that:

“FILINVEST Development Corp. (FDC), through its subsidiary, has announced plans to increase the capacity of its solar project in Misamis Oriental to 19.78 megawatts (MW) from the initial 11.5 MW following feasibility studies.
FDC Green Energy Corp. (FDCGEC), a wholly owned subsidiary of FDC Utilities, Inc. (FDCUI), has identified ways to maximize the output of the solar project, Filinvest said in an e-mailed statement on Sunday. FDCGEC has secured a 25-year solar energy operating contract from the Department of Energy (DoE).
‘We are excited to share the positive outcome of our feasibility studies, which have paved the way for the expansion of our first solar power project in Mindanao,’ said Juan Eugenio L. Roxas, president and chief executive officer of FDCUI, the utility arm of FDC.

. . . . "
xxx xxx xxx”

Please be informed that we confirm the veracity of the information contained in the news article. The Department of Energy (“DOE”) had previously awarded a solar energy operating contract to FDCGEC for 11.5-megawatt peak solar power project within the PHIVIDEC Industrial Estate in Misamis Oriental and FDCGEC plans to increase the capacity to 19.78 MW subject to the usual regulatory approvals.

By way of update, FDCGEC has secured its project site with PHIVIDEC Industrial Estate in Misamis Oriental, to expand the land area- adding 7.2 hectares of land to the existing 11.65 hectares for a total of 18.85 hectares, that will allow FDCGEC to expand the project capacity.

FDC will make the required disclosures to the public as and when there are material concrete developments to the Company’s projects.
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. FDC 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 FDC’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 Lindeza Gavino
Designation Corporate Secretary and Corporate Information Officer