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)
Aug 19, 2025
2. SEC Identification Number
AS93000023
3. BIR Tax Identification No.
003822183000
4. Exact name of issuer as specified in its charter
DISCOVERY WORLD CORPORATION
5. Province, country or other jurisdiction of incorporation
STATION 1, BALABAG, MALAY AKLAN
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
STATION 1, BALABAG, MALAY AKLAN, Postal CodePostal Code5608
8. Issuer's telephone number, including area code
8813-8857
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
854,000,000
11. Indicate the item numbers reported herein
Item 2. Acquisition or Disposition of Assets
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.
Discovery World Corporation DWC
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
Disposition of Asset by Subsidiary
Background/Description of the Disclosure
Please be informed that the Company's subsidiary, Discovery Fleet Corporation ("DFC") has executed a Deed of Absolute Sale with VCoast Marine Services for the sale of its vessel, M/Y Discovery Palawan, for a consideration of Php 3 Million.
After careful evaluation by DFC's Board and Management, it was determined that continuing the liveaboard business line was no longer viable due to the vessel's aging condition and sustained financial losses from its operations.