C05235-2016

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)
Sep 7, 2016
2. SEC Identification Number
A-1997-18963
3. BIR Tax Identification No.
005-011-651-000
4. Exact name of issuer as specified in its charter
ASIA UNITED BANK CORPORATION
5. Province, country or other jurisdiction of incorporation
Pasig City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Joy~Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig City Postal Code 1600
8. Issuer's telephone number, including area code
(632) 631-3333 / (632) 638-6888
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 Stock 485,310,538
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.

Asia United Bank CorporationAUB

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Final update on status of approval of AUB’s proposed amendments to Articles of Incorporation

Background/Description of the Disclosure

1. At the meeting of the Board of Directors held on 25 April 2014, the Board of Directors of Asia United Bank Corporation (AUB) approved, among others, the proposed Amendments to the Articles of Incorporation and By-Laws, subject to the approval of the Bank’s stockholders in accordance with the Corporation Code and its By-Laws.

2. During the annual stockholder’s meeting of AUB held on 9 June 2014, the shareholders representing at least three-fourths (3/4) of the capital stock of the corporation, as currently required by the corporation’s By-laws, approved the proposed amendments to corporation’s Articles of Incorporation and By-laws as described in detail in the corporation’s Information Statement for 2014.

3. On 4 June 2015, the Bangko Sentral ng Pilipinas (BSP) approved the amendments to the Articles of Incorporation (AOI) and By-Laws (BL) of AUB. By virtue of the authority vested by the Montary Board in its Resolution Nos. 789 and 1559 dated 19 July 1995, the BSP issued a Certificate of Authority dated June 4, 2015 to AUB to enable the corporation to register its amended by-laws with the Securities and Exchange Commission.

4. On 16 July 2015, the Securities and Exchange Commission (SEC) approved the amended Articles of Incorporation (AOI) and By-Laws (BL) of Asia United Bank Corporation.

Date of Approval by
Board of Directors
Apr 25, 2014
Date of Approval by Stockholders Jun 9, 2014
Other Relevant Regulatory Agency, if applicable Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable Jun 4, 2015
Date of Approval by Securities and Exchange Commission Jul 16, 2015
Date of Receipt of SEC approval Jul 22, 2015
Amendment(s)
Article No. From To
Article THIRD Its principal office and place of business shall be in the National Capital Region, also known as Metro Manila. It may open and/or maintain other branches, agencies or other offices at such places in the Philippines or abroad as its Board of Directors may deem advisable, with the prior approval of the Monetary Board of the Bangko Sentral ng Pilipinas. Its principal office and place of business shall be at Joy~Nostalg Center, 17 ADB Avenue, Ortigas Center, Pasig City, Metro Manila. It may open and/or maintain other branches, agencies or other offices at such places in the Philippines or abroad as its Board of Directors may deem advisable, with the prior approval of the Monetary Board of the Bangko Sentral ng Pilipinas.
Article SIXTH The number of directors of said corporation shall be nine (9). The names, nationalities and residences of the directors who are to serve until their successors are duly elected and qualified as provided in the By-Laws are as follows: xxx The number of directors of said corporation shall be nine (9), and shall have such number of Independent Directors as provided in all applicable laws and regulations. The names, nationalities and residences of the directors who are to serve until their successors are duly elected and qualified as provided in the By-Laws are as follows: xxx
Rationale for the amendment(s)

The amendment to Article THIRD is in compliance with SEC Memorandum Circular No. 6 Series of 2014 requiring the incorporation of the full address of the principal office in the Articles of Incorporation.

The amendment to Article SIXTH is in compliance with the Securities Regulation Code, its implementing rules, and the Code of Corporate Governance requiring that Independent Directors be elected.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC Jun 25, 2015
Expected date of SEC approval of the Amended Articles of Incorporation Jul 16, 2015
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

The amendments do not have any effect on the business, operations and/or capital structure of the Issuer.

Other Relevant Information

The amendments to this template are as follows:

22 July 2015
1. Indicated the date of receipt of SEC approval

16 July 2015
1. Indicated the expected date of SEC approval of the Amended Articles of Incorporation

25 June 2015
1. Indicated the expected date of filing the amendments to the Articles of Incorporation with the SEC

Filed on behalf by:
Name Cynthia Santos
Designation First Vice President/Head