C01072-2024

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)
Feb 28, 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 SL3
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

Please see attached news report entitled “Victory for Saavedra, Ferrer, Tan: Supreme Court clears Megawide in Cebu airport anti-dummy case due to insufficient evidence” posted in Bilyonaryo.com on 27 February 2024 and the Company’s attendant clarification to such news report.
Source Bilyonaryo.com
Subject of News Report Victory for Saavedra, Ferrer, Tan: Supreme Court clears Megawide in Cebu airport anti-dummy case due to insufficient evidence
Date of Publication Feb 27, 2024
Clarification of News Report

We write with respect to the attached news article posted in an online site. In the attached news article entitled “Victory for Saavedra, Ferrer, Tan: Supreme Court clears Megawide in Cebu airport anti-dummy case due to insufficient evidence” posted in Bilyonaryo.com on February 27, 2024, it was reported in part that:

“The Supreme Court’s Third Division has dismissed the criminal complaint against officers and directors of Megawide Construction Corporation for alleged violations of the Anti-Dummy Law in connection with the operation of the Mactan-Cebu International Airport (MCIA).

The charges, filed against Megawide’s president and CEO Edgar B. Saavedra, vice chairman Manuel Louie B. Ferrer, VP for Corporate Finance and Planning Jez G. Dela Cruz, and company director Oliver Y. Tan, were dismissed due to a lack of evidence.

The Supreme Court ruling was issued in response to petitions for certiorari filed by Megawide officers challenging the resolution from the Office of the Ombudsman (OMB), which alleged probable cause that the respondents “acted in conspiracy with one another,” in violation of Section 3(e) of Republic Act No. 3019, or the Anti-Graft and Corrupt Practices Act.

. . . .”

Please be informed that we confirm the veracity of the information contained in the news article but would like to clarify that this case refers to alleged violations of the Anti-Graft and Corrupt Practices Act and not to the Anti-Dummy Law as referred to in the news article's title and first paragraph.
Other Relevant Information

N/A
Filed on behalf by:
Name Teodulo Antonio San Juan
Designation Corporate Secretary