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)

Mar 11, 2024

2. SEC Identification Number

39274

3. BIR Tax Identification No.

000-506-020-000

4. Exact name of issuer as specified in its charter

ACEN CORPORATION

5. Province, country or other jurisdiction of incorporation

Makati City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

(02) 7730 6300

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	39,677,394,773
Series A Preferred Shares	8,341,500
Series B Preferred Shares	16,658,500

11. Indicate the item numbers reported herein

Item 9 - Other Events

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.

ACEN CORPORATIONACEN

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Update on the Company's Preferred Shares Offering and Issuance
Background/Description of the Disclosure
During the regular meeting of the Board of the Directors of the Company (the "Board') held on 11 March 2024, the Board approved the second reallocation of the use of proceeds of the Company’s offering of its Series A Preferred Shares (PSE: ACENA) and Series B Preferred Shares (PSE: ACENB) with issue date on 1 September 2023. The second re-allocation consists of the following changes: 1. Decrease of Php4,150.00 million in the Zambales Solar Projects resulting in ¿8,602.83 million from ¿12,752.83 million; 2. Decrease of Php850.00 million in the Capa Wind Project resulting in ¿0.00 million from ¿850.00 million; and 3. Increase of Php5,000.00 million in IslaWind Power Project resulting in ¿7,425.00 million from ¿2,425.00 million. Previous allocations to the other projects were retained at their respective allocation.
Other Relevant Information
Please see attached table on the second re-allocation of the use of proceeds as approved by the Board of the Company. This disclosure is related to Disclosure Report No. C01721-2023 dated 8 March 2023, Disclosure Report No. C04135-2023 dated 24 May 2023, Disclosure Report No. C05680-2023 dated 26 July 2023, Disclosure Report No. C06198-2023 dated 10 August 2023, Disclosure Report No. C06231-2023 dated 10 August 2023, Disclosure Report No. C08215-2023 dated 17 November 2023, and Disclosure Report No. C08222-2023 dated 17 November 2023.