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 3, 2021

2. SEC Identification Number

A199908874

3. BIR Tax Identification No.

202955796

4. Exact name of issuer as specified in its charter

DFNN Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

L2 - L5 14th Floor, 5th Ave. cor. 28th St., Philippine Stock Exchange Tower, BGC, Taguig City Postal Code 1634

8. Issuer's telephone number, including area code

(02) 8396 - 5270

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	324,620,008

11. Indicate the item numbers reported herein

Item 9 - Other Matters

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.

DFNN, Inc.DFNN

PSE Disclosure Form 4-14 - Stock Rights Offering References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Rights Issue Offering
Background/Description of the Disclosure
To take advantage of the opportunities present in the market that has been further accelerated by the pandemic and to further expand into interconnecting and adopting interactive technologies, the Board of Directors, during its meeting held on 3 December 2021, approved the implementation of the Stocks Rights Offering via an increase in the Authorized Capital Stock, as previously approved by the Board on 29 March 2017. This offering will also provide capital for the Company’s planned extensive technology and marketing strategies to increase its market share. It must be noted that the Board previously approved the increase of DFNN’s Authorized Capital Stock to One Billion Pesos (P1,000,000,000) Philippine Currency, composed of Nine Hundred Million (900,000,000) common shares with the par value of One Peso (P1.00) per share and One Hundred Million (100,000,000) preferred shares with the par value of One Peso (P1.00) per share. Further, the company had previously disclosed to the Exchange its report dated 28 July 2017 the approval of its amended Articles of Incorporation which reflects the said increase in Authorized Capital Stock.

Date of Approval by Board of Directors	Dec 3, 2021
Entitlement Ratio	1 share for every 2 shares owned
Offer Price	Par Value of PhP1,00
Number of Shares to be Offered	162,310,004
Ex-Rights Date	TBA
Record Date	TBA
Start of Offer Period	TBA
End of Offer Period	TBA

Use of Proceeds
The offering is intended to allow DFNN to expand into interconnecting and adopting interactive technologies; and to provide capital for the Company’s planned extensive technology and marketing strategies which will increase its market share.
Other Relevant Information
The Stock Rights Offering is subject to regulatory approval. Further, there will be necessary adjustments to the company's share price and outstanding shares.