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 1, 2023

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	39,644,772,107

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
Acquisition by ACEN of the effective ownership interest of UPC Renewables Asia Pacific Holdings Pte Limited (“UPCAPH”) and Mr. Anton Rohner ("Rohner”) in ACEN Australia (formerly, UPC-AC Renewables Australia)
Background/Description of the Disclosure
On 11 March 2022, the Company, through its subsidiary ACEN Renewables International Pte Ltd (formerly, AC Renewables International Pte Ltd) (“ACRI”), UPCAPH, and Mr. Rohner signed a Share Purchase Agreement for ACRI’s acquisition of the effective ownership interest of UPCAPH and Mr. Rohner in ACEN Australia. ACEN Australia is the joint venture holding company of ACRI and UPCAPH for Australia energy and power projects and investments. On 21 March 2022, ACRI, UPCAPH, and Mr. Rohner signed separate Instruments of Transfer for the transfer to ACRI of UPCAPH’s 7,150 ordinary shares in UPC-AC Energy Australia (HK) Limited and Mr. Rohner’s 1,000,054 ordinary class B shares in UPC Australia (HK) Limited, thereby completing the first tranche of the acquisition. Please be informed that on 1 February 2023, ACRI and UPCAPH signed an Instrument of Transfer for the transfer to ACRI of UPCAPH’s remaining 4,766 ordinary shares in UPC-AC Energy Australia (HK) Limited, which completes the second and final tranche of ACRI’s acquisition of ACEN Australia. With the foregoing completion of the acquisition, the Company, through ACRI, now wholly owns ACEN Australia.
Other Relevant Information
This disclosure is an update to disclosure report numbers C07268-2021 dated 2 November 2021, C08399-2021 dated 15 December 2021, C01627-2022 dated 11 March 2022, as approved for posting on PSE Edge on 14 March 2022, and C01858-2022 dated 21 March 2022, as approved for posting on PSE Edge on 22 March 2022.