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)

Dec 22, 2025

2. SEC Identification Number

39121

3. BIR Tax Identification No.

000-141-527-000

4. Exact name of issuer as specified in its charter

PHILWEB CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

41st Floor, One San Miguel Avenue Condominium, San Miguel Avenue corner Shaw Boulevard, Ortigas Center, Pasig City, Philippines Postal Code 1605

8. Issuer's telephone number, including area code

0288454171

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	1,435,776,680

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.

PhilWeb CorporationWEB

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Report on the Resignation of Directors and Election of New Directors for PhilWeb Corporation
Background/Description of the Disclosure
The Board accepted the resignations of Mr. Gregorio Araneta III, Mr. Alfonso M. Araneta, and Mr. Alfonso M. Aranet in compliance with the first closing conditions of the Share Purchase Agreement. The Board thereafter elected Mr. Ernesto Lagdameo III, Mr. Jacob Policarpio, and Mr. Bob Huang as replacement directors, and appointed Mr. Crisanto Roy B. Alcid as Chairman of the Board to ensure continuity in leadership.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
Gregorio Araneta III,	Chairman	12/22/2025	Resignation
Alfonso M. Aranet	Director	12/22/2025	Resignation
Alfonso M. Aranet	Director	12/22/2025	Resignation

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Ernesto Lagdameo III	Director	12/22/2025	12/22/2025	100	0	direct
Jacob Policarpio	Director	12/22/2025	12/22/2025	100	0	direct
Bob Huang	Director	12/22/2025	12/22/2025	100	0	direct

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
Crisanto Roy B. Alcid	Vice Chairman	Chairman	12/22/2025	12/22/2025	100	0	direct

Other Relevant Information

Bob Huang is a senior executive with more than fifteen years of international experience in the gaming and sports betting industry, with particular expertise in trading, risk management, and fraud operations. He previously served in various senior roles at bet365, where he built a strong foundation in in-play trading, fraud supervision, operational risk control, and training and organizational development. His professional background is marked by a focus on operational discipline, system-driven risk frameworks, and the development of high-performing teams. Mr. Huang holds a Master of Science in Computing and Information Systems and a Bachelor of Arts (Honours) in Marketing from the University of Greenwich. Ernesto Cojuangco Lagdameo III is a senior finance executive with extensive experience in banking, corporate finance, and technology-focused enterprises. He currently serves as Chief Financial Officer of VOXP Technologies and Innovations, Inc. and Telepondo, Inc., and as Treasurer of Buenaventura Echauz and Partners, Inc., where he provides strategic financial and advisory oversight. Mr. Lagdameo previously served as Vice President of JP Morgan Chase, with senior roles in New York and Manila covering corporate finance, trade, and relationship management. He holds a double degree in Psychology and Accounting from De La Salle University, Manila, and is a Certified Public Accountant. Jacob Policarpio is a business executive and entrepreneur with extensive experience in management, finance, and operations across investment, manufacturing, food, and trading enterprises. He is the Managing Partner of TABAC Inc. and the Proprietor and General Manager of Flavors of the Kitchen, where he oversees strategic direction, financial performance, and day-to-day operations.