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)

May 2, 2018

2. SEC Identification Number

77823

3. BIR Tax Identification No.

000527103

4. Exact name of issuer as specified in its charter

CITYLAND DEVELOPMENT CORPORATION

5. Province, country or other jurisdiction of incorporation

MAKATI CITY, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F CITYLAND CONDOMINIUM 10 TOWER I, 156 H.V. DELA COSTA ST., MAKATI CITY Postal Code 1226

8. Issuer's telephone number, including area code

02-8936060

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
UNCLASSIFIED COMMON SHARES	3,938,063,701

11. Indicate the item numbers reported herein

ITEM NO. 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.

Cityland Development CorporationCDC

PSE Disclosure Form 6-2 - Declaration of Stock Dividends References: SRC Rule 17 (SEC Form 17-C) and
Sections 6 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Declaration of 5% Stock Dividends
Background/Description of the Disclosure
In a special meeting held today, May 02, 2018, the Board of Directors of Cityland Development Corporation (the Company), unanimously approved the following matters: a) Declaration of Five Percent (5%) Stock Dividends from the unappropriated retained earnings as of December 31, 2017 which will come from an increase in authorized capital stock. Record date of the stock dividends shall be fixed by the Securities and Exchange Commission after clearance and approval; b) To increase its authorized capital stock from 4,000,000,000 shares to 5,000,000,000 shares with par value of Php 1.00 per share; and c) To cause the amendment of the Articles of Incorporation to increase the authorized capital stock to 5,000,000,000 shares with par value of Php 1.00 per share. The ratification of the above matters will be taken up during the annual stockholders' meeting to be held on June 05, 2018 and the necessary notices be sent for the purpose of presenting to the stockholders the aforesaid matters to secure their required approval. The record date of the said meeting is on May 07, 2018.

Type of Securities

• Common
• PreferredN.A.
• OthersN.A.

Stock Dividend

Date of Approval by Board of Directors	May 2, 2018
Date of Approval by Stockholders	TBA
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	TBA
Stock Dividend Rate	5%

Source of Dividend Payment
The stock dividends will come from the unappropriated retained earnings as of December 31, 2017 which will be taken from an increase in authorized capital stock. Record date of the stock dividends shall be fixed by the Securities and Exchange Commission after clearance and approval.

Source of Shares for Distribution	To be taken from the unissued capital stock Number of Shares to be Issued : 0 To be taken from an increase in authorized capital stock From: 4,000,000,000 To:5,000,000,000 Number of Shares to be Issued : 196,903,185 Others: N.A. Number of Shares to be Issued : 0
Record Date	TBA
Payment Date	TBA

Other Relevant Information
N.A.