C08089-2025

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)
Nov 14, 2025
2. SEC Identification Number
40524
3. BIR Tax Identification No.
004-666-098-000
4. Exact name of issuer as specified in its charter
MACROASIA CORPORATION
5. Province, country or other jurisdiction of incorporation
City of Makati, Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor Ricogen Building, 112 Aguirre Street, Legazpi Village, Makati City Postal Code 1229
8. Issuer's telephone number, including area code
(632) 8840-2001
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 1,890,958,323
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.

MacroAsia CorporationMAC

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 of News Report
Source Insider PH
Subject of News Report "Lucio Tan-backed LTP hires nearly 1,000 even as NAIA rent surges, raising pullout doubts"
Date of Publication Nov 13, 2025
Clarification of News Report

We are advising the Philippine Stock Exchange (PSE), Securities and Exchange Commission (SEC), and the investing public on MacroAsia Corporation’s clarification of a news report:

CLARIFICATION ON NEWS ARTICLE PERTAINING TO LTP HIRING AND LEASE

MacroAsia Corporation (MAC) wishes to clarify certain points raised in the November 13, 2025 online article from Insider PH, titled “Lucio Tan-backed LTP hires nearly 1,000 even as NAIA rent surges, raising pullout doubts”, which referenced data from MAC’s 17-Q disclosure.

1. On the characterization of LTP’s hiring activities
The article’s portrayal of Lufthansa Technik Philippines’ (LTP) recruitment as a “hiring spree” linked to ongoing site negotiations at NAIA is inaccurate.

LTP’s personnel increase over the past year reflects a planned, phased rebuilding of technical capacity as global aviation demand recovers. This multi-year program was designed to restore pre-pandemic maintenance, repair, and overhaul (MRO) capability in line with customer contracts, regulatory certification requirements, and industry-wide talent shortages.

The staffing figures cited in the article also include both organic (full-time) employees and inorganic (outsourced) workers. As of reporting:

• Organic manpower increased by approximately 200 FTEs to support required workloads;
• Outsourced personnel were reduced to about 700, down from 1,000 in 2024.

This demonstrates a calibrated workforce strategy, not an indiscriminate hiring surge. Any implication that staff recruitment contradicts MacroAsia and LTP’s negotiation posture or indicates a committed stay at NAIA is factually inaccurate. The Group remains transparent in its disclosures and continues to pursue commercially reasonable and sustainable lease terms to support the long-term operations of the MacroAsia Special Economic Zone and its locator (LTP).

2. On statements regarding lease rates and contract terms
The article stated that MAC/LTP “was previously paying just P65 per square meter, a rate fixed since 2000,” and implied that lease terms changed due to NAIA’s privatization. These statements do not reflect the actual lease arrangements.

The lease for the MacroAsia Special Economic Zone, where LTP is a locator, was executed in 2000 between MacroAsia Properties Development Corporation (MAPDC) and Manila International Airport Authority (MIAA).


Key terms include:

• A 25-year lease from September 1, 2000, renewable for another 25 years at MAPDC’s option, subject to mutually agreed terms.

• MAPDC has formally exercised its option to renew, and discussions on post-August 31, 2025 terms are ongoing.

• The approved lease rate under the 2000 contract was P53.34/sqm, with fixed 5% escalations on the 6th, 11th, 16th, and 21st years on a compounded basis. Following this agreed formula, the rate effective August 31, 2025 was P64.84/sqm, consistent with comparable airport lease arrangements for raw land developed by the lessee. As an example, publicly reported information on March 2025 pertaining to the Terminal 3 land lease renewal (raw land leased by MIAA from BCDA) indicates a rate of P66.80/sqm (P489 million per year for 61 hectares)


MAC has previously disclosed to the PSE and SEC that while it is in pending negotiation with NNIC/MIAA, it expects potential adjustments to the ecozone lease rate to P710/sqm, subject to the ongoing negotiations.

MacroAsia reaffirms its commitment to transparent investor communication and constructive engagement with regulators and stakeholders. The Company remains focused on ensuring stable, efficient, and sustainable operations for the MacroAsia Special Economic Zone and its locator, LTP, in support of long-term growth.
Other Relevant Information

Please refer to the attached file.
Filed on behalf by:
Name Amador Sendin
Designation CFO, CRO, SVP Administration