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)

Mar 20, 2023

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503-000

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

02 8371-1111

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	1,549,999,999

11. Indicate the item numbers reported herein

Item 9: Other Events

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.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amendment of Articles of Incorporation
Background/Description of the Disclosure
The Board of Directors approved today to amend the Articles of Incorporation

Date of Approval by Board of Directors	Mar 20, 2023
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	n/a
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Seventh Article	SEVENTH: That the authorized capital stock of the Corporation is One Billion Five Hundred Fifty Million Pesos (PhP 1,550,000,000.00) in lawful money of the Philippines, divided into One Billion Five Hundred Fifty Million (1,550,000,000) common shares with a par value of One Peso (P1.00) each	SEVENTH: That the authorized capital stock of the Corporation is Two Billion Seven Hundred Fifty Million Pesos (PhP2,750,000,000.00) divided into Two Billion Seven Hundred Fifty Million (2,750,000,000) common shares with a par value of One Peso (P1.00) each

Rationale for the amendment(s)
On Seventh Article: The Company's authorized capital stock (ACS) is almost fully subscribed already. The increase in the authorized capital stock is intended to support the stock dividend declaration, any future employee stock option plan, and in anticipation of any future capital raising exercise that may be undertaken by the Company.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
"After the amendment, the Company's authorized capital stock will increase from 1,550,000,000 common shares to 2,750,000,000 common shares. The issuance of stock dividend to fund the ACS increase will consequently increase the subscribed and issued capital stock from 1,549,999,999 common shares to approximately 1,890,999,999 common shares upon completion of the stock dividend payment. "
Other Relevant Information
please see attached.