NOTICE

Subject	SP New Energy Corporation: Initial Public Offering - Release of Shares under Lock-Up
Company Name	SP New Energy Corporation

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	SPNEC	Php 0.10

Reference(s)	LN00390-2021 dated December 15, 2021
Type of Transaction(s)	Initial Public Offering

Lock-up Details
Duration of Lock-up	365 days
Applicable Lock-up Rule	Article III, Part D, Section 2 of the Consolidated Listing and Disclosure Rules, as amended
Escrow Agent	Philippine National Bank - Trust Banking Group
Date of Execution of Escrow Agreement	Nov 25, 2021

Details of the Mandatory Lock-up
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
Solar Philippines Power Project Holdings, Inc.	5,424,349,998	SPNEC	54.24

Details of the Voluntary Lock-up (if applicable)
Name of Shareholder	No. of Shares	Stock Symbol	Percentage
-	-	-	-

Total Shares to be Released from Lock-up
Stock Symbol	No. of Shares
SPNEC	5,424,349,998

Expiry of Lock-up	Dec 17, 2022
Effective Date of Tradability of the Shares	Dec 19, 2022

Other Relevant Information
As previously announced in Listing Notice No. LN00390-2021 dated December 15, 2021, in light of Solar Philippines Nueva Ecija Corporation’s (“SPNEC” or the “Company”) compliance with the 365-day lock-up requirement of the Exchange, 5,424,349,998 SPNEC common shares held by Solar Philippines Power Project Holdings, Inc. (“SPPHI”) were subject to a lock-up period of 365 days from the listing date of the said shares. In a letter dated December 6, 2022, Philippine National Bank - Trust Banking Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 5,424,349,998 SPNEC common shares owned by SPPHI, will expire on December 17, 2022. In view thereof, the 5,424,349,998 SPNEC common shares that were held in escrow will be eligible for trading starting on December 19, 2022. For your information and guidance.

Other Relevant Information

As previously announced in Listing Notice No. LN00390-2021 dated December 15, 2021, in light of Solar Philippines Nueva Ecija Corporation’s (“SPNEC” or the “Company”) compliance with the 365-day lock-up requirement of the Exchange, 5,424,349,998 SPNEC common shares held by Solar Philippines Power Project Holdings, Inc. (“SPPHI”) were subject to a lock-up period of 365 days from the listing date of the said shares.

In a letter dated December 6, 2022, Philippine National Bank - Trust Banking Group (the “Escrow Agent”), informed the Exchange that the lock-up period for the 5,424,349,998 SPNEC common shares owned by SPPHI, will expire on December 17, 2022.

In view thereof, the 5,424,349,998 SPNEC common shares that were held in escrow will be eligible for trading starting on December 19, 2022.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department