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 22, 2021

2. SEC Identification Number

112978

3. BIR Tax Identification No.

000-263-366

4. Exact name of issuer as specified in its charter

PHILIPPINE ESTATES CORPORATION

5. Province, country or other jurisdiction of incorporation

METRO MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35TH FLOOR ONE CORPORATE CENTER, JULIA VARGAS AVE., COR. MERALCO AVE., ORTIGAS CENTER, PASIG CITY Postal Code 1600

8. Issuer's telephone number, including area code

(02)86373112

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	1,445,549,830

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.

Philippine Estates CorporationPHES

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
Authority to delegate the amendment of By-Laws to the Board of Directors.

Date of Approval by Board of Directors	Sep 22, 2021
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
Date of Receipt of SEC approval	TBA

Amendment(s)

Article and Section Nos.	From	To
IX AMENDMENTS	These By-Iaws may be amended or repealed by the affirmative vote of at least a majority of the member of the Board of Directors and the stockholders representing a majority of the outstanding capital stock at any stockholders	For this purpose, the Board of Directors is hereby authorized to amend and effect subsequent and necessary revisions to the By-Laws for purposes of complying with best practices, subsequent requirements of law and/or regulatory bodies. The power of the Board of Directors to amend, repeal or adopt new by-laws may be revoked only by the vote of the stockholders representing a majority of the outstanding capital stock at a regular or special meeting called for that purpose.

Rationale for the amendment(s)
The amendments have been proposed in compliance with the Corporate Governance and for the greater efficiency of internal processes of the Corporation.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the By-Laws with the SEC	TBA
Expected date of SEC approval of the Amended By-Laws	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
The proposed amendment was made with for the efficiency of the operating processes of the Corporation.
Other Relevant Information
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