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)

Dec 15, 2017

2. SEC Identification Number

54666

3. BIR Tax Identification No.

000-163-396

4. Exact name of issuer as specified in its charter

SHAKEY'S PIZZA ASIA VENTURES INC.

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

15 KM EAST SERVICE ROAD CORNER MARIAN ROAD 2, BARANGAY SAN MARTIN DE PORRES, PARANAQUE CITY Postal Code 1700

8. Issuer's telephone number, including area code

(632) 867-7677

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	1,531,321,053

11. Indicate the item numbers reported herein

Item 9: Other Matters

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.

Shakey's Pizza Asia Ventures, Inc.PIZZA

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

Subject of the Disclosure
Amendment to By-Laws
Background/Description of the Disclosure
The Securities and Exchange Commission has approved the amendment of the Company's By-Laws as to the following provisions: 1. Article VI, Section 6.04 – increasing the number of independent directors and modifying the qualifications for eligibility; 2. Article VII, Section 7.01 – renumbering the Audit Committee, modifying the qualifications and duties and responsibilities of the Audit Committee; 3. Article VII, Section 7.02 – creating the Corporate Governance Committee which shall include the functions of the Compensation and Nomination Committees; 4. Article VII, Section 7.03 – creating the Board Risk Oversight Committee; 5. Article VII, Section 7.04 – creating the Related Party Transactions Committee; 6. Article VII, Section 7.05 – renumbering the section on creation of other committees; 7. Article VIII, Section 8.01 – additional restriction on concurrently held positions; 8. Article VIII, Section 8.05 – modifying the qualifications and duties and responsibilities of the Corporate Secretary; 9. Article VIII, Sections 8.06, 8.07, and 8.08 – creating the positions of the Compliance Officer, Chief Audit Executive and Chief Risk Officer; and 10. Article VIII, Sections 8.09 and 8.10 – renumbering the sections on Other Officers and Removal.

Date of Approval by Board of Directors	May 18, 2017
Date of Approval by Stockholders	Jul 20, 2017
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	Dec 6, 2017
Date of Receipt of SEC approval	Dec 13, 2017

Amendment(s)

Article and Section Nos.	From	To
Article VI, Sec. 6.04	Independent Directors	Increase the number of independent directors and modify the qualifications for eligibility
Article VII, Sec. 7.01.	Nomination Committee	Renumber the Audit Committee, modify the qualifications and duties and responsibilities of the Audit Committee
Article VII, Sec. 7.02.	Compensation Committeete Governance Committee which shall include the functions of the Compensation and Nomination Committees	Create the Corporate Governance Committee which shall include the functions of the Compensation and Nomination Committees
Article VII, Sec. 7.03.	Audit Committee	Create the Board Risk Oversight Committee
Article VII, Sec. 7.04	Creation of Other Committees	Create the Related Party Transactioon Committee
Article VII, Sec. 7.05	-	Renumber the section on creation of other committees
Article VIII, Sec 8.01	Corporate Officers	Added restrictions on concurrently held positions
Article VIII, Sec. 8.05	Corporate Secretary	Modify the qualifications and duties and responsibilities of the Corporate Secretary
Article VIII, Secs. 8.06, 8.07, and 8.08	Other Officers; Removal	Create the positions of the Compliance Officer, Chief Audit Executive and Chief Risk Officer
Article VIII, Secs. 8.09 and 8.10	-	Renumber the sections on Other Officers and Removal

Rationale for the amendment(s)
To comply with the Code of Corporate Governance for Publicly-Listed Companies (SEC Memorandum Circular No. 19, series of 2016).

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the By-Laws with the SEC	Nov 28, 2017
Expected date of SEC approval of the Amended By-Laws	Dec 6, 2017

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
N/A
Other Relevant Information
This amendment reflects the date of the approval of the application by the Securities and Exchange Commission.