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 22, 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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
ACEN's acquisition of shares in Real Wind Energy, Inc.
Background/Description of the Disclosure
Please be advised that ACEN signed today the following documents: 1. Asset and Share Sale and Purchase Agreement between ACEN and Modern Energy Management Pte. Ltd. (“MEM”); 2. Deed of Absolute Sale of Shares with MEM, as the seller, for the acquisition by ACEN of 4,000 Common Shares in Real Wind Energy, Inc. (“RWEI’); and, 3. Loan Assignment Agreement for the assignment of MEM’s receivables from RWEI.

Date of Approval by Board of Directors	Mar 11, 2024

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The RWEI project is strategically located close to another ACEN wind project spanning Laguna and Quezon. This new acquisition presents opportunities for synergies through the joint use of logistical routes, transmission lines, and substation infrastructure.

Details of the acquisition or disposition

Date	Mar 22, 2024

Manner
Acquisition of secondary shares in RWEI.
Description of the company to be acquired or sold
Real Wind Energy, Inc. is a special purpose vehicle for the development and operation of the 500MW wind energy projects located in Real, Quezon.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	4,000
Percentage to the total outstanding shares of the company subject of the transaction	40
Price per share	see "Other Relevant Information"

Nature and amount of consideration given or received
The acquisition price that is less than 10% of the book value of ACEN as of 31 December 2023.
Principle followed in determining the amount of consideration
The consideration is the result of negotiation between the parties.
Terms of payment
Cash
Conditions precedent to closing of the transaction, if any
Definitive documentation
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
MODERN ENERGY MANAGEMENT PTE. LTD.	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
The transaction will potentially add 500MW of renewable energy to ACEN’s power generation portfolio.
Other Relevant Information
The acquisition price, which considers the price per share, is less than 10% of the book value of ACEN as of 31 December 2023.