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)

Jun 27, 2022

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069-000

4. Exact name of issuer as specified in its charter

Megawide Construction Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No 20 N. Domingo Street, Barangay Valencia, Quezon City Postal Code 1112

8. Issuer's telephone number, including area code

(02) 8655-1111

9. Former name or former address, if changed since last report

Not Applicable

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	2,013,409,717
Preferred	143,626,010

11. Indicate the item numbers reported herein

Item 9

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.

Megawide Construction CorporationMWIDE

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Dismissal of the Alleged Violation of the Anti-Dummy Law Case
Background/Description of the Disclosure
We received today, 27 June 2022, from the Regional Trial Court of Lapu-Lapu City, Branch 68, the Omnibus Order dated 14 June 2022 (“Omnibus Order”), DISMISSING the criminal case against the following Directors and Officers of Megawide Construction Corporation (“Megawide”), in their capacity as Directors of GMR Megawide Cebu Airport Corporation (“GMCAC”), for the alleged violation of the Anti-Dummy Law (the “Case”): a. Mr. Manuel Louie B. Ferrer – Executive Director for Infrastructure Development and Chief Corporate Affairs and Branding Officer of Megawide; b. Mr. Jez G. Dela Cruz – VP-Corporate Finance and Planning of Megawide; c. Mr. Edgar B. Saavedra – Chief Executive Officer and President of Megawide; and d. Mr. Oliver Y. Tan - Director of Megawide (the “Megawide Respondents”.) The dismissal of the Case arose from the Motion to Quash Information filed by the Megawide Respondents on 24 March 2022. The Omnibus Order explained, among others, that the dismissal of the Case was necessitated by the enactment of Republic Act No. 11659 (“RA No. 11659”), signed into law last 21 March 2022, which clearly excluded airport operations and maintenance from the definition of a public utility; thereby, removing the applicability of the nationality restriction to GMCAC in operating the Mactan Cebu International Airport. Consequently, RA No. 11659 has completely eradicated any alleged violation of the Anti-Dummy Law of which the Megawide Respondents were wrongfully accused of. Furthermore, the Omnibus Order stated that RA No. 11659 applies to the Megawide Respondents due to the retroactive effect of laws favorable to the accused.
Other Relevant Information
This is in relation to the Update on Corporation Actions/Material Transactions/Agreements disclosure on 28 March 2022, which may be accessed through the following link: https://edge.pse.com.ph/openDiscViewer.do?edge_no=a9789f29e32fa1f13470cea4b051ca8f