C00566-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 8,928,572,143 |
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Subject of the Disclosure |
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Notice from CPI of Block Sale of CREC Shares |
Background/Description of the Disclosure |
On January 31, 2025, the Company has received notice from Citicore Power Inc. ("CPI") of its block sale of 153,741,000 common shares in CREC. The Company has effected a block sale as part of the conditions precedent in the previously disclosed acquisition of 20% stake in CREC by PT Pertamina Power Indonesia (“PNRE”). The aforementioned acquisition will enable the Company to gain the opportunity to partner with PNRE in pursuing its 5GW project pipeline in the Philippines and to develop renewable energy projects in Indonesia, allowing for the Company’s potential expansion in the region. PNRE’s investment in CREC is a testament to the company’s track record and ability to ramp up its renewable energy pipeline from pre-development to construction to commercial operations. |
Other Relevant Information |
Please see attached SEC Form 17-C. |
Name | Steven Sy |
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Designation | Corporate Legal Counsel |