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 4, 2025

2. SEC Identification Number

CS200900917

3. BIR Tax Identification No.

007-213-353-000

4. Exact name of issuer as specified in its charter

Italpinas Development Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 28C BPI Philamlife Building, 6811 Ayala Ave., Makati Postal Code 1226

8. Issuer's telephone number, including area code

(+63 2) 8893 0328

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	724,004,114

11. Indicate the item numbers reported herein

Item 9

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.

Italpinas Development CorporationIDC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Sale of shares of Constellation Energy Corporation (“CEC”) held by IDC, back to CEC
Background/Description of the Disclosure
During the meeting of the Board of Directors today, the Board approves the sale of the 25% shares of Constellation Energy Corporation (“CEC”), held by IDC, back to CEC. The proposed sale price of the shares has been calculated according to audited book value as of 31 December 2023, as well as market price of real estate assets of CEC. The shares will be sold back to CEC in order for IDC to divest its interest in non-real estate concerns, resulting in a clearer and more focused structure.
Other Relevant Information
N/A