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 11, 2026
2. SEC Identification Number
40979
3. BIR Tax Identification No.
000-194-465
4. Exact name of issuer as specified in its charter
SEAFRONT RESOURCES CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F, JMT BUILDING, ADB AVE., ORTIGAS CENTER, PASIG CITYPostal Code1600
8. Issuer's telephone number, including area code
0286372917
9. Former name or former address, if changed since last report
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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
133,074,040
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.
Seafront Resources CorporationSPM
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
Proposed Amendments to the Articles of Incorporation
Background/Description of the Disclosure
On November 11, 2026, the Board of Directors of Seafront Resources Corporation (the "Corporation"), approved the amendment of the Articles of Incorporation to reflect the increase in the par value of its common shares from Php1.00 to Php1,000.00 per share.
Upon effectivity of the amendment, the Corporation’s authorized capital stock of Three Hundred Eighty-Eight Million Pesos (Php388,000,000.00) will be divided into Three Hundred Eighty-Eight Thousand (388,000) common shares, with a par value of One Thousand Pesos (Php1,000.00) per share.
Date of Approval by Board of Directors
Nov 11, 2026
Date of Approval by Stockholders
N/A
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
SEVENTH
That the capital stock of said corporation is THREE HUNDRED EIGHTY EIGHT MILLION PESOS (P388,000,000.00), Philippine Currency (As amended by the Board of Directors at a meeting held on 11 February 1998 and by the Stockholders of the Corporation at a meeting held on 6 May 1998) divided into THREE HUNDRED EIGHTY EIGHT MILLION (388,000,000) SHARES with par value of ONE PESO (P1.00) per share.
That the capital stock of said corporation is THREE HUNDRED EIGHTY-EIGHT MILLION PESOS (Php388,000,000.00), Philippine Currency, divided into THREE HUNDRED EIGHTY-EIGHT THOUSAND (388,000) common shares, with a par value of ONE THOUSAND PESOS (Php1,000.00) per share.
Rationale for the amendment(s)
After the completion of the tender offer, a substantial number of shares remain held by minority shareholders, many of which are believed to be deceased and/or unresponsive. To address this and rationalize the Corporation’s shareholder base, the Board approved to implement a reverse stock split ("RSS") through an amendment of the Articles of Incorporation.
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