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)

Feb 3, 2025

2. SEC Identification Number

39274

3. BIR Tax Identification No.

000-506-020-000

4. Exact name of issuer as specified in its charter

ACEN CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

35th Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue Postal Code 1226

8. Issuer's telephone number, including area code

77306300

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	39,677,394,773
Series A Preferred Shares	8,341,500
Series B Preferred Shares	16,658,500

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.

ACEN CORPORATIONACEN

PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Subscription by the Company to additional shares in Belenos Energy Corporation (“Belenos”)
Background/Description of the Disclosure
The Company signed today a Subscription Contract with Belenos for the subscription by the Company to Three Hundred Nintey-two million (392,000,000) Redeemable Preferred Shares (“RPS”) with a par value of One Pesos (Php1.00) per share or a total par value of Three Hundred Nintey-two million Pesos (Php392,000,000.00), to be issued out of the increase in authorized capital stock of Belenos.

Date of Approval by Board of Directors	Jul 10, 2023

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The subscription will allow ACEN to have a significant ownership in Belenos and is meant to implement Belenos’ investment into a potential renewable energy project.

Details of the acquisition or disposition

Date	Feb 3, 2025

Manner
Additional subscription to RPS
Description of the company to be acquired or sold
Belenos is a special purpose vehicle for development projects in the Philippines.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	392,000,000
Percentage to the total outstanding shares of the company subject of the transaction	29
Price per share	Php1.00

Nature and amount of consideration given or received
Initial payment of Subscription Price in the amount of Php180,000,000
Principle followed in determining the amount of consideration
Subscription at par value
Terms of payment
Cash
Conditions precedent to closing of the transaction, if any
Subject to the necessary regulatory approval by the SEC on the increase in authorized capital stock of Belenos
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Belenos Energy Corporation	Subsidiary of the Company

Effect(s) on the business, financial condition and operations of the Issuer, if any
Investment to be used for Belenos’ investment into a potential renewable energy project.
Other Relevant Information
This disclosure is in relation to Disclosure Report Nos. C05327-2023 dated 11 July 2023, C08694-2023 dated 14 December 2023, C04651-2024 dated 12 July 2024, C05351-2024 dated 9 August 2024, and C06332-2024 dated 2 October 2024. The figure under “Percentage to the total outstanding shares of the company subject of the transaction” assumes SEC approval of Belenos’ application for increase in ACS.