C00323-2024

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)
Jan 19, 2024
2. SEC Identification Number
CS201000985
3. BIR Tax Identification No.
007-582-936
4. Exact name of issuer as specified in its charter
SFA SEMICON PHILIPPINES CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Panday Pira Avenue, corner Creekside Road, Clark Freeport Zone, Pampanga Postal Code 2009
8. Issuer's telephone number, including area code
045-499-1745
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 Shares 2,055,134,111
11. Indicate the item numbers reported herein
1 item

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.

SFA Semicon Philippines CorporationSSP

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

SSP Approves Further Extension of its Share Buyback Program
Background/Description of the Disclosure

SFA Semicon Philippines Corporation (Trading Symbol: SSP) announced that, on January 19, 2024, its Board of Directors approved the second additional funding for SSP’s share buyback program of up to PhP19,000,000.00 (or around US$345,454.55)-worth of SSP’s common shares, and the corresponding further extension of the said program under substantially the same terms and conditions.

The second additional funding of PhP19,000,000.00 brings the total funding allotted for SSP’s share buyback program since the start of its implementation to PhP222,000,000.00 (or about US$4,197,306.40).

From the start of the program’s implementation on July 14, 2022 up to December 31, 2023, SSP has repurchased a total of 105,034,000 of its own shares at a price ranging from of PhP1.21 to PhP2.36. As of December 31, 2023, the total acquisition cost for the share buyback is PhP185,597,696.10 (with PhP17,402,303.90 remaining from the then total funding).

The share price of SSP in the Philippine Stock Exchange has increased from PhP0.99 per share (the price when SSP had approved and disclosed its share buyback program on June 29, 2022) to PhP2.21 per share on December 31, 2023, an increase of 123.23%.
As of December 31, 2023, SSP’s public float is 10.66% of the 2,059,990,111 total issued and outstanding shares which is exclusive of treasury shares.
Other Relevant Information

Forward-looking statements

Any forward-looking statements and information that may be contained in this document are subject to considerable risks and uncertainties. These include, but are not limited to, express and implied, expected and estimated results or performance, including but not limited to financial position or cash flow. Known and unknown risks, uncertainties, changes in the policies, decisions, and determinations of governmental or regulatory authorities, and other factors may cause our performance to be significantly different from the predicted outcomes in the future. SFA Semicon Philippines Corporation (“SSP”) has been in the business for a relatively considerable time and any forward-looking statements herein are based on its experience, but nothing in this disclosure must be interpreted to mean as a commitment due to the risks and uncertainties of the future.
Filed on behalf by:
Name Caroline Sicat
Designation Treasurer/Assistant Corporate Secretary