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)

Apr 12, 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	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 the Secondary Purpose
Background/Description of the Disclosure
The Board of Directors today approved to amend the Secondary Purpose of the Corporation

Date of Approval by Board of Directors	Apr 12, 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
Second Article	1. To purchase, acquire, own lease, sell and convey real properties (except financial leasing) such as lands, buildings, factories, and warehouse and machinery, equipment and other personal properties as may be necessary or incidental to the conduct to the conduct of the corporate business, and to pay in cash, shares of its capital stock, debentures and other evidence of indebtedness, or other evidence of indebtedness, or other securities , as may be deemed expedient, for any business or property acquired by the Corporation.”	1. To acquire, hold, own or participate in investments and other property related assets whether for short term or long-term investments for the collection of rent, capital growth potential and/or the provision of property related services, facilities and materials, and to invest, purchase or otherwise acquire or dispose from time to time of property related assets, investments and shares or interests in any entity involved in property related investments or businesses provided that the corporation shall not engage in the business of an open-ended investment company or as investment adviser thereof as defined under Act No. 2629 or as a stock broker or dealer of securities, or investment house.”
Second Article	-	1.1 To provide its subsidiaries, affiliates, and partners corporate support services such as, but not limited to: general management, advisory, administration, and planning services; business planning and coordination services; sourcing or procurement of materials and components; transportation and logistics services; import and export processing services (except acting as a customs broker); marketing and sales promotion services; training and personnel management services; research and development, product development and analytical laboratory services; technical support and maintenance services; bookkeeping, data processing and communication services; business development services; manufacturing process planning; property, plant and equip
Second Article	3. To acquire all kinds of properties, real and personal and to sell, dispose of or transfer any or all its properties as well as the business and/ or goodwill of the corporation or any part thereof for such consideration and under such terms as it shall see fit to accept.”	3. To purchase, acquire, own, lease, sell and convey all kinds of properties such as lands, buildings, factories, and warehouse and machinery, equipment and other personal properties and sell, dispose and transfer the business and/ or goodwill of the corporation or any part thereof for such consideration and under such terms as it shall see fit to accept and to pay in cash, shares of its capital stock, debentures and other evidence of indebtedness, or other securities , as may be deemed expedient, for any business or property acquired by the Corporation.
Second Article	4. To invest and deal with the money and the properties of the Corporation in such manner as may from time to time be considered wise or expedient for the advancement of its interest including investments such as shares of stock, bonds and others in any and all types of business enterprises engaged in any productive or Commercial activity, or otherwise enter into any lawful; arrangement with any person or entity to promote and establish said business enterprise, within the limitations prescribed by law, including but not limited to, the business of manufacturing, producing, buying, selling or otherwise dealing in all kinds of properties, products and by- products such as chemicals, fertilizers, foodstuffs, agricultural products, feed ingred	4. To invest and deal with the money and the properties of the Corporation in such manner as may from time to time be considered wise or expedient for the advancement of its interest including investments such as shares of stock, bonds and others in any and all types of business enterprises engaged in any productive or Commercial activity, or otherwise enter into any lawful; arrangement with any person or entity to promote and establish said business enterprise, within the limitations prescribed by law, including but not limited to, the business of manufacturing, producing, testing laboratories, buying, selling or otherwise dealing in all kinds of properties, products and by- products such as chemicals, fertilizers, foodstuffs, agricultural
Second Article	6. To enter into any lawful arrangement for sharing profits, union of interest, unitization or farmout agreement, reciprocal concessions, or cooperation, with any corporation, association, partnership, syndicate, entity, person or governmental, municipal or public authority, domestic or foreign, in the carrying on of any business or transaction deemed necessary, convenient or incidental to carrying out any of the purposes of this Corporation	6. To carry on and or conduct its business through any subsidiary companies, or to enter working agreements with other natural or corporate entities within the limits set by law, or to enter into any lawful arrangement for sharing profits, union of interest, unitization or farmout agreement, reciprocal concessions, or cooperation, with any corporation, association, partnership, syndicate, entity, person or governmental, municipal or public authority, domestic or foreign, in the carrying on of any business or transaction deemed necessary, convenient or incidental to carrying out any of the purposes of this Corporation

Rationale for the amendment(s)

The following are the rationale for the amendments: 1. To diversify the core and secondary businesses of the Company to include real estate as investments and not just related to the core business. 2. To realign the operational efficiencies within the Company’s Group. 3. To realign the acquisition and disposition of assets of the Company to make it more robust for different scenarios. 4. To diversify the business offerings of the Company to include investing in or operating testing laboratories. 5. To diversify core business of the Company and authorize the Company to invest in new businesses as part of the ordinary course of business of 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
The amendment will allow the Company to engage in other activities.
Other Relevant Information
please see attached. we amended the disclosure to correct the 2nd rationale.