C08168-2026

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 12, 2026
2. SEC Identification Number
CS200811530
3. BIR Tax Identification No.
007-085-191
4. Exact name of issuer as specified in its charter
NICKEL ASIA CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
28th Floor NAC Tower, 32nd Street, Bonifacio Global City, Taguig City Postal Code 1634
8. Issuer's telephone number, including area code
0277777622
9. Former name or former address, if changed since last report
Not applicable.
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 13,931,125,094
11. Indicate the item numbers reported herein
Items 9 and 4.

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.

Nickel Asia CorporationNIKL

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

Matters adopted during the Regular Meeting of the Board of Directors on November 12, 2026
Background/Description of the Disclosure

At the meeting of the Board of Directors (the “Board”) of Nickel Asia Corporation (the “Company”) held on November 12, 2026, the Board approved the following matters:

Item 9. Other events

I. Declaration of Special Cash Dividends

The Board declared special cash dividends at the rate of PhP0.07 per common share out of the Company's unrestricted retained earnings. The aforementioned special cash dividends are payable on December 11, 2026 to the Company's stockholders of record as of December 3, 2026.

II. Sale of the Company’s THPAL Shares

The Board approved the proposed sale to Sumitomo Metal Mining Co., Ltd. of the Company’s entire shareholding in Taganito HPAL Nickel Corporation (“THPAL”) consisting of 409,500,000 common shares and representing 10% of THPAL’s total issued and outstanding capital stock, subject to the finalization of the definitive agreements as well as applicable closing conditions and regulatory requirements. A one-time provision for impairment resulting in a net impact of PhP1.99 billion was recognized, following the Board’s approval to sell the Company’s investment in THPAL.

III. Tax Strategy and Governance Policy

The Board approved the adoption of a group-wide Tax Strategy and Governance Policy (the “Tax Policy”) to formalize its commitment to responsible and transparent tax practices. The Tax Policy establishes the framework for the Company’s tax strategy, governance, compliance and transparency, including its dealings with tax authorities and government regulators. It also provides guidance on responsible taxation and transfer pricing and supports disclosures that go beyond minimum statutory requirements, where appropriate, to provide investors, regulators and other stakeholders with greater visibility into the Company’s tax practices and tax risk profile.


Item 4. Organizational Changes

I. Appointment of Assistant Vice President - Corporate Communications and Risk Management

At the same meeting, the Board approved the appointment of Assistant Vice President - Corporate Communications and Risk Management, Ms. Ana Maria Victoria D. Coscolluela, effective on December 1, 2026. Ms. Coscolluela is a seasoned communications executive with over 20 years of cross-industry experience spanning oil and gas, renewable energy, telecommunications, IT, and manufacturing. She brings extensive expertise in corporate communications, crisis and issues management, regulatory and government affairs, stakeholder engagement, and internal communications.

II. Promotion of Mr. Edwin R. Casiano and Mr. Jessie A. Payuyo

The Board likewise approved the promotion of Mr. Edwin R. Casiano, from Assistant Vice President - Mining Business to Vice President – Mining Business, and Mr. Jessie A. Payuyo, from Assistant Vice President - Mining Finance and Business Performance to Vice President - Mining Comptrollership, effective January 1, 2027.
Other Relevant Information

Please see attached SEC Form 17-C.
Filed on behalf by:
Name Georgina Carolina Martinez
Designation Senior Vice President - Compliance and Corporate Support Services, Chief Compliance Officer, Chief Governance Officer, and Assistant Corporate Secretary