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 29, 2020

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069-000

4. Exact name of issuer as specified in its charter

MEGAWIDE CONSTRUCTION CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

20 N. Domingo St., Barangay Valencia, Quezon City Postal Code 1112

8. Issuer's telephone number, including area code

(02) 8655-1111

9. Former name or former address, if changed since last report

Not applicable

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	2,013,409,717
Preferred	40,000,000

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.

Megawide Construction CorporationMWIDE

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
Amendment of Article Seventh of the Articles of Incorporation
Background/Description of the Disclosure
On April 13, 2020, the Board of Directors approved the following resolutions: 1) increasing the Corporation's authorized capital stock to Five Billion Fifty Four Million Pesos (Php5,054,000,000.00); 2) increasing the Corporation's authorized capital stock of preferred shares by Fifty-Four Million (54,000,000) shares to a total of One Hundred Twenty-Four Million (124,000,000) shares; and 3) amending Article Seventh of the Corporation's Articles of Incorporation. On June 30, 2020, the stockholders also approved the same resolutions.

Date of Approval by Board of Directors	Apr 13, 2020
Date of Approval by Stockholders	Jun 30, 2020
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	Sep 22, 2020
Date of Receipt of SEC approval	Sep 25, 2020

Amendment(s)

Article No.	From	To
Seventh	That the authorized capital stock of the corporation is FIVE BILLION PESOS (P5,000,000,000.00) in lawful money of the Philippines, divided into the following classes: 1. FOUR BILLION NINE HUNDRED THIRTY MILLION (4,930,000,000) voting common shares with the par value of ONE PESO (P1.00) per share; and 2. SEVENTY MILLION (70,000,000) cumulative, non-voting, non-participating, non-convertible, perpetual shares with the par value of ONE PESO (P1.00) per share.	That the authorized capital stock of the corporation is FIVE BILLION FIFTY-FOUR MILLION PESOS (Php5,054,000,000.00) in lawful money of the Philippines, divided into the following classes: 1. FOUR BILLION NINE HUNDRED THIRTY MILLION (4,930,000,000) voting common shares with the par value of ONE PESO (P1.00) peso per share; and 2. ONE HUNDRED TWENTY-FOUR MILLION (124,000,000) cumulative, non-voting, non-participating, non-convertible, perpetual preferred shares with the par value of ONE PESO (P1.00) per share. (see full amendment below)

Rationale for the amendment(s)
The increase in authorized capital stock will allow Megawide to issue at least Three Billion Pesos (P3,000,000,000,00.) worth of preferred shares to fund its existing projects.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	Jul 6, 2020
Expected date of SEC approval of the Amended Articles of Incorporation	Sep 22, 2020

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
The total authorized capital stock will increase to Php5,054,000,000.00, while the authorized capital stock for preferred shares will increase to Php124,000,000.00.
Other Relevant Information
This Report is being updated to indicate that Megawide Construction Corporation’s (the “Company”) offer and sale of up to 50,000,000 cumulative, non-voting Perpetual Preferred Shares shall come from the Company’s increase in authorized capital stock of ₱54,000,000.00 additional preferred shares, which was approved by the Securities and Exchange Commission ("SEC") on 22 September 2020.