C05882-2022

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)
Aug 4, 2022
2. SEC Identification Number
CS200811530
3. BIR Tax Identification No.
007-085-191
4. Exact name of issuer as specified in its charter
NICKEL ASIA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
28th Floor NAC Tower, 32nd Street, Bonifacio Global City, Taguig City Postal Code 1634
8. Issuer's telephone number, including area code
(63 2) 7798-7622
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 (NIKL) 13,630,850,117
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.

Nickel Asia CorporationNIKL

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Matters Approved by the Board of Directors of Nickel Asia Corporation on August 4, 2022
Background/Description of the Disclosure

Matters Approved by the Board of Directors of Nickel Asia Corporation on August 4, 2022
Other Relevant Information

At the meeting of the Board of Directors of Nickel Asia Corporation (the "Company") on August 4, 2022, the Board approved the following: a. The issuance by the Company of up to US$ 300 Million Corporate Bonds
The Company intends to offer US$ 200 up to 300 million Reg S green five-year bonds between November 2022 or the first quarter of 2023. The proceeds of the offering shall be utilized for the funding of EPI’s renewable energy projects, primarily those forming part of the 1 GW project to be undertaken by the EPI-Shell Overseas Investments B.V. joint venture, as well as other projects of EPI.

b. The conversion of PhP1.054 billion advances to equity in EPI
The Company shall convert PhP1.054 billion of its advances in EPI into additional equity upon approval of EPI’s application for increase in authorized capital stock. The advances for conversion includes advances of PhP137.125 million approved by the Board at the same meeting for EPI’s digitalization projects and expansion of operations. The conversion of PhP1.5 billion advances into equity that was approved by the Board on August 4, 2017 shall also be implemented. Upon conversion of the PhP1.5 billion advances and the additional PhP1.054 billion advances into equity, the Company’s ownership will increase from the current 86.29% to 93.13%.
c. The creation of the Sustainability Committee and Chief Sustainability Officer Position, and Adoption of the Charter of the Sustainability Committee
The Board created a Sustainability Committee and approved its Charter. The Committee shall be composed of three Directors, including the President and at least one (1) independent director. The Committee shall be responsible for the identification and assessment of significant economic, environmental, ethical, and social impact of the business and operations of the Company and its subsidiaries and its effect to the Company’s long-term objective to be a responsible and sustainable business within the industry it operates in and as a contributor to national development.
The Board also created the position of the Chief Sustainability Officer who shall spearhead the development, establishment, and review of the Group’s ESG Roadmap and sustainability framework, policies, and initiatives.
d. The approval of the NAC Anti-Bribery Policy
Consistent with its core values of Integrity and Honesty, the Board approved the Company’s Anti-Bribery Policy to confirm its commitment to adhere to the highest norms of ethical conduct in words and in actions, conduct its business honestly, equitably, and fairly, strive for consistency in the Company’s actions, and comply with all laws and regulations applicable to its business activities in all communities it operates in.
Filed on behalf by:
Name Georgina Carolina Martinez
Designation Senior Vice President - Compliance and Corporate Services, Chief Compliance Officer, Assistant Corporate Secretary