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)

May 21, 2025

2. SEC Identification Number

AS94008678

3. BIR Tax Identification No.

D80003978254NV

4. Exact name of issuer as specified in its charter

WATERFRONT PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

CEBU CITY, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

NO. 1 WATERFRONT DRIVE, OFF SALINAS DRIVE, LAHUG, CEBU CITY Postal Code 6000

8. Issuer's telephone number, including area code

032-2326888

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 - 1.00 PAR VALUE	2,498,991,753

11. Indicate the item numbers reported herein

-

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.

Waterfront Philippines, IncorporatedWPI

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure
Query on Annual Report for the year 2024
Description of the Disclosure
Reply on investor query on the Company's Annual Report for year 2024
Information Requested
This is in compliance with your directive to the Company to response and/or provide details to the investing public who inquire concerning the disposition of the certain assets as reported on the Annual Report of WPI for the year 2024. In view thereof, please find below requested details of the said transactions: 1. The P1.76 billion gain on sale of assets in Note 9 of the 2024 consolidated AFS of WPI pertains to the disposition of land by Grand Ilocandia Resort and Development, Inc. (GIRDI). Sale of land adjacent to the Fort Ilocandia Resort was approved by the GIRDI board on April 18, 2024, and two Deeds of Absolute Sale were signed by GIRDI on June 20, 2024 and August 2, 2024, respectively. 2. A total of 574,680 square meters of land in Ilocos Norte, adjacent to the Fort Ilocandia Resort was sold. The first Deed of Absolute Sale signed on June 20, 2024 pertained to 305,575 square meters while the second Deed of Absolute Sale signed on August 2, 2024 pertained to 269,105 square meters. 3. The purchase price for the above-mentioned parcels of land is P2.06 billion. 4. The fair market value of the land formed the basis of the consideration and /or purchase price. 5. The land was sold to Megaworld Corporation. 6. As a result of the transaction, a gain on sale of assets of P1.76 billion was booked by Grand Ilocandia Resort and Development Inc. (GIRDI).