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 26, 2022

2. SEC Identification Number

CS201627300

3. BIR Tax Identification No.

009468103

4. Exact name of issuer as specified in its charter

Solar Philippines Nueva Ecija Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

20th Floor Philamlife Tower, 8767 Paseo de Roxas, Makati City, Philippines Postal Code 1226

8. Issuer's telephone number, including area code

(+632) 8817-2585

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	8,124,350,005

11. Indicate the item numbers reported herein

Item 9 - Other Items

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

Subject of the Disclosure
Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC)
Background/Description of the Disclosure
On August 25 2022, the Philippine Stock Exchange (PSE) approved the publication of the final prospectus for SPNEC’s SRO, which may be accessed at www.spnec.ph/investor-relations/final-sro-prospectus. The presentation from SPNEC's investor briefings may also be accessed at www.spnec.ph/wp-content/uploads/2022/08/SPNEC-Investor-Presentation-August-2022.pdf. On August 18, 2022, SPNEC informed the PSE that the final Offer Price of its SRO is Php 1.50 per Rights Share. The Offer Price represents a 14% discount to the 15-day volume-weighted average price of SPNEC’s Common Shares as of August 17, 2022. Solar Philippines Power Project Holdings, Inc. (SPPPHI) has committed to ensure that all Rights Shares are fully subscribed pursuant to the Principal Shareholder’s Undertaking, as provided in the SRO prospectus. The Terms of the Offer are attached for reference. On July 28, 2022, the PSE issued a Notice of Approval for the application of SPNEC to list 1,875,649,995 shares as part of its SRO to eligible stockholders, based on the Ex-Date of August 22, 2022 and Record Date of August 25, 2022. The PSE has approved the proposed SRO timetable. On July 19, 2022, the Securities and Exchange Commission (SEC) issued a Confirmation of Exempt Transaction confirming that SPNEC's planned SRO is exempt from the registration requirements of the Securities Regulation Code. On February 14, 2022, the Board of Directors of SPNEC approved the conduct of an SRO, and on March 28, 2022, SPNEC confirmed its plan to file the SRO based on its current unissued ACS, at an entitlement ratio of 1 share for every 1.28 shares held from its public float.

Date of Approval by Board of Directors	Feb 14, 2022
Entitlement Ratio	1 share for every 1.28 shares held
Offer Price	Php 1.50 per share
Number of Shares to be Offered	1,875,649,995
Ex-Rights Date	Aug 22, 2022
Record Date	Aug 25, 2022
Start of Offer Period	Aug 30, 2022
End of Offer Period	Sep 5, 2022

Use of Proceeds
Project development (including securing land and off-take agreements) for the expansion of SPNEC’s portfolio, and general corporate purposes.
Other Relevant Information
The disclosure has been amended to include the links to final prospectus for SPNEC’s SRO as well as the presentation from SPNEC's investor briefings.