C00200-2022

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.

Solar Philippines Nueva Ecija CorporationSPNEC

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Quarterly Progress Report on the Use of Proceeds from Solar Philippines Corporation's (SPNEC) Initial Public Offering (IPO)
Background/Description of the Disclosure

We refer to the Initial Public Offering (“IPO”) of 2,700,000,000 common shares of Solar Philippines Nueva Ecija Corporation (the “Company”), which were listed on the Philippine Stock Exchange on 17 December 2021 together with the Company’s existing 5,424,350,005 common shares.

Details of the application of the proceeds of the IPO as at and for the quarter ended 31 December 2021 are disclosed in the following documents attached hereto:

(i) SEC Form 17-C dated 13 January 2022 signed by the Company’s Treasurer,
(ii) Certification on the Application of IPO Proceeds Quarterly Summary dated 13 January 2022 signed by the Company’s Treasurer, and
(iii) Agreed-Upon Procedures Report on Quarterly Progress Report on the Application of Proceeds from Initial Public Offering dated 12 January 2022 issued by the Company’s external auditor, SyCip Gorres Velayo & Co.
Other Relevant Information

None.
Filed on behalf by:
Name Hazel Iris Lafuente
Designation Director, Treasurer, Corporate Secretary, Head of Community Development and Chief Information Officer