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 18, 2025

2. SEC Identification Number

11341

3. BIR Tax Identification No.

000-051-037

4. Exact name of issuer as specified in its charter

Benguet Corporation

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

7th Floor, Universal Re Building, 106 Paseo de Roxas, Makati City Postal Code 1226

8. Issuer's telephone number, including area code

0288121380

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
Convertible Preferred Class A (BCP)	214,788
Common Class A (BCA)	429,565,838
Common Class B (BCB)	286,015,617

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.

Benguet CorporationBC

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Board approval on the amendment to the Article Seventh of the amended Articles of Incorporation on the declassification of common class “A” and “B” shares of the Company.
Background/Description of the Disclosure
The Company hereby discloses that at its regular meeting held today, the Board of Directors approved the declassification of the Company’s Common Class “A” and “B” shares as mandated by the Securities and Exchange Commission (SEC). The Board of Directors also approved the corresponding amendments to Article Seventh of the amended Articles of Incorporation of the Company (Annex “A” – Matrix of Proposed Amendments). The said matter was also approved by the stockholders representing at least two-thirds (2/3) of the outstanding capital stock during the recently concluded 2025 Annual Stockholders' Meeting held on the same day.

Date of Approval by Board of Directors	Nov 18, 2025
Date of Approval by Stockholders	Nov 18, 2025
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Article Seventh	Please refer to pages 1 to 21 of the Matrix of Proposed Amendments attached as Annex A.	-

Rationale for the amendment(s)

At its regular meeting held today, the Board of Directors approved the declassification of the Company’s Common Class “A” and “B” shares as mandated by the Securities and Exchange Commission (SEC). The Board of Directors also approved the corresponding amendments to Article Seventh of the amended Articles of Incorporation of the Company (Annex “A” – Matrix of Proposed Amendments). The said matter was approved by the stockholders in the Company's 2025 Annual Stockholders’ Meeting.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
It not affect the business and operations of the Company, however, the Common Class "A" and "B" shares of the Company will now be referred to as Common Shares.
Other Relevant Information
1. The amendment of this report (PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation) is mainly due to the approval of the Stockholders on the increase in authorized capital stock of the Company. 2. Please refer to the attached disclosure under SEC 17-C dated November 18, 2025 for the Board approval. 3. Please refer to item no. 6 of attached results of annual stockholders' meeting and organizational meeting of the board of directors of the Company for the stockholders' approval.