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 1, 2020

2. SEC Identification Number

A200207283

3. BIR Tax Identification No.

006-036-274

4. Exact name of issuer as specified in its charter

P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

Davao City

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Stella Hizon Reyes Rd., Bo. Pampanga, Lanang, Davao City Postal Code 8000

8. Issuer's telephone number, including area code

082 235 8888

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	1,407,977,232
Preferred Shares	27,000,000

11. Indicate the item numbers reported herein

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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.

Phoenix Petroleum Philippines, Inc.PNX

PSE Disclosure Form 9-2 - Sale of Treasury Shares References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Sale of Treasury Common Shares
Background/Description of the Disclosure
The Company acquired and accumulated treasury shares of 31,000,000 common share via the buyback program implemented by the Company since 2016. Upon approval of its Board of Directors on 01 December 2020, the Company sold all 31,000,000 treasury common shares using Exchange facilities at Php12.50 per share

Type of Securities

• Common
• Preferred--
• Others--

Details of Sale of Treasury Shares

Date of Transaction	Number of Shares Sold	Price Per Share
Dec 1, 2020	31,000,000	12.50

Effects on Number of Shares

	Before	After
Outstanding Shares	1,407,977,232	1,438,977,232
Treasury Shares	31,000,000	0

Cumulative Number of Shares Sold to Date 1	31,000,000
Number of Shares Authorized for Sale	31,000,000

Other Relevant Information
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¹ From the date when the sale of treasury shares program commenced.