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 6, 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
ACEN’s acquisition of shares of Negros Island Solar Power, Inc. (“Islasol”) from Asian Energy Impact Trust Plc (“AEIT”)
Background/Description of the Disclosure
The Company executed a Share Purchase Agreement and Deed of Absolute Sale with AEIT today, involving the sale by AEIT of seven thousand three hundred seventy-one (7,371) Redeemable Preferred Shares E (“RPS E”) of Islasol in favor of the Company. Upon the completion of the sale (subject to obtaining the requisite certificate authorizing registration from the Bureau of Internal Revenue), the Company will acquire full ownership of Islasol.

Date of Approval by Board of Directors	Nov 25, 2024

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
Upon completion of the acquisition, the Company will acquire full ownership and control of Islasol’s operations, decision-making, and financial management.

Details of the acquisition or disposition

Date	Mar 6, 2025

Manner
Direct sale of shares
Description of the company to be acquired or sold
Islasol operates two renewable power plants in Negros Occidental with a combined capacity of 80 megawatts.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	7,371
Percentage to the total outstanding shares of the company subject of the transaction	14
Price per share	see "Other Relevant Information"

Nature and amount of consideration given or received
The consideration was a straight cash payment made upon signing the relevant documents with retention amount for compliance of conditions subsequent.
Principle followed in determining the amount of consideration
The amount of consideration was determined based on mutual agreement of the parties.
Terms of payment
Cash
Conditions precedent to closing of the transaction, if any
Execution of definitive documents
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
Asian Energy Impact Trust Plc	No relationship

Effect(s) on the business, financial condition and operations of the Issuer, if any
Upon completion of the acquisition, the Company will acquire full economic and voting interests in Islasol.
Other Relevant Information
For Price per share, the total consideration is less than the 10% of total assets of the Company as of 31 December 2024.