C05447-2025

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)
Jul 29, 2025
2. SEC Identification Number
CS201807415
3. BIR Tax Identification No.
010-007-383-000
4. Exact name of issuer as specified in its charter
Citicore Renewable Energy Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
11F Rockwell Santolan Town Plaza, 276 Col. Bonny Serrano Avenue, San Juan City Postal Code 1500
8. Issuer's telephone number, including area code
0288265698
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 11,160,715,179
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.

Citicore Renewable Energy CorporationCREC

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification re: the news article posted in The Business Times International (businesstimesintl.com)
Source The Business Times International (businesstimesintl.com)
Subject of News Report Philippine energy giant Citicore Renewable eyes Cambodia, Myanmar after Pertamina deal
Date of Publication Jul 28, 2025
Clarification of News Report

We write in connection with the correspondence posted in PSE EDGE requiring Citicore Renewable Energy Corporation (“CREC” or the “Company”) to clarify and/or confirm the information in the below-quoted news article entitled “Philippine energy giant Citicore Renewable eyes Cambodia, Myanmar after Pertamina deal” posted in The Business Times International (businesstimesintl.com) on July 28, 2025, including, but not limited to, the following:

(1) The potential listing of the Company’s shares overseas;
(2) The expansion of CREC’s business in other Southeast Asian countries, particularly in Indonesia and potentially in Cambodia and Myanmar; and
(3) The acquisitions or consolidation of other solar developers and details thereto.

In the said article, it was reported in part that:

“[SINGAPORE] Philippines-listed Citicore Renewable Energy (CREC) is making its regional play while the sun shines, powered by a recent tie-up with Indonesia’s Pertamina that could spur future forays – and perhaps a secondary listing – in other South-east Asian markets.

President and chief executive Oliver Tan of the home-grown pure-play renewable energy developer and operator told The Business Times that Indonesia was the first step towards regional expansion.

‘In particular, we are looking at potential opportunities to build solar (facilities) in Indonesia and export to Singapore to power its green-energy data centre demand… maybe in the next two years,’ said Tan, who is Filipino.

. . . .

Asked which country could be next, the chief executive said: ‘Cambodia is exciting because of its strategic geographical location (in terms of the Asean power grid) and its land mass. Myanmar is also exciting.’

Comparatively, property in Thailand is expensive because of how the country markets itself as a tourist destination, and hence, building solar facilities there could be relatively difficult, he added.

For now, CREC’s solar assets are all within the Philippines.

. . . .

Going beyond organic growth, there exists room for consolidation in the ‘really fragmented’ domestic solar market, continued the chief executive.

‘There are many small developers which we can acquire,’ added Tan, who told BT that CREC was in the midst of reviewing three potential acquisitions, but noted that these were on a project basis.

. . . .

Tan added that the current round of acquisitions are expected to be completed before year-end.

. . . .

Asked about the likelihood of a secondary listing in Singapore, which Tan initially brought up in jest during the interview, the chief executive remained coy and replied: ‘That’s an option.’

He conceded that Singapore would align with CREC’s regional play, but maintained: ‘We’re considering. Our DNA – we’re dreamers. We dream big, which means when we look at things, all (options) can be considered.’

. . . .”

The Company confirms that it is exploring various growth strategies including, but not limited to, those cited in the above-mentioned news article. However, the Company would like to clarify that these opportunities are still in the early and preliminary stages of study and evaluation. Nevertheless, in the event of any concrete development on these opportunities, the Company shall comply with all the relevant laws, rules, and regulations, and secure any and all regulatory approvals, as needed.
Other Relevant Information

Please refer to the attached SEC Form 17C and clarification letter.
Filed on behalf by:
Name Steven Sy
Designation Corporate Legal Counsel