C03375-2021

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 12, 2021
2. SEC Identification Number
A 1997-9587
3. BIR Tax Identification No.
005-338-421-000
4. Exact name of issuer as specified in its charter
Citystate Savings Bank, Inc.
5. Province, country or other jurisdiction of incorporation
Makati City, Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Citystate Centre Building, 709 Shaw Boulevard, Pasig City Postal Code 1600
8. Issuer's telephone number, including area code
(632) 8470-3333
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 100,000,000
11. Indicate the item numbers reported herein
Item No. 9 only

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.

Citystate Savings Bank, Inc.CSB

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

Amendments to Articles of Incorporation (AOI) of Citystate Savings Bank, Inc. (the "Bank")

Background/Description of the Disclosure

Amendments to the Article seventh first paragraph on authorized capital and second paragraph on the pre-emptive rights of the stockholders of the Bank.

The Seventh Article, Second Paragraph will be changed to a new Article, to be designated as the Eleventh Article.

On 26 June 2018, the Board of Directors in its regular meeting approved the amendment to the Seventh Article, Second Paragraph.

During its Annual Stockholders' Meeting held on 28 May 2019, the Stockholders approved by the legally required vote the amendments in the Articles of Incorporation.

On 12 May 2021, the Bank received the Certificate of Authority dated 7 May 2021 from the Bangko Sentral ng Pilipinas (BSP) to file the above subject to Securities and Exchange Commission (SEC).

Date of Approval by
Board of Directors
Jun 26, 2018
Date of Approval by Stockholders May 28, 2019
Other Relevant Regulatory Agency, if applicable Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable May 7, 2021
Date of Approval by Securities and Exchange Commission TBA
Date of Receipt of SEC approval TBA
Amendment(s)
Article No. From To
SEVENTH , 2nd Paragraph Shares of common stock from the unissued portion of the authorized capital stock of the Bank are not subject to preemptive rights of the stockholders and may therefore be issued in such quantities, at such time, and under such terms as the board of directors shall determine. To be added as a new article, to be marked Eleventh Article: No stockholder shall, because of his ownership of stock, have pre-emptive or other right to purchase, subscribe for or take any part of any stock of the Bank, whether out of the unissued authorized capital stock or any future increases thereof. Any part of such stock or other securities may at any time be issued, optioned for sale and sold or disposed of by the Bank pursuant to a resolution of the Board of Directors, to such persons and upon such terms as the Board may deem proper, without first offering such stock or securities or any part thereof to existing stockholders.
Rationale for the amendment(s)

To comply with pertinent Bangko Sentral ng Pilipinas and Securities Exchange Commission rules and regulations and with the Revised Corporation Code of the Philippines.

The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the Articles of Incorporation with the SEC May 25, 2021
Expected date of SEC approval of the Amended Articles of Incorporation Jun 1, 2021
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

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Other Relevant Information

The disclosure is being amended to include the date of BSP approval.

The Article SEVENTH, 1st Paragraph of the Bank's AOI was superseded by the Circular Number C03337-2021 disclosed dated 14 May 2021.

Filed on behalf by:
Name Ariel Ajesta
Designation Chief Compliance Officer