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)

Aug 19, 2020

2. SEC Identification Number

A199908874

3. BIR Tax Identification No.

202955796

4. Exact name of issuer as specified in its charter

DFNN Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

L2 – L5 14/F PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City Postal Code 1634

8. Issuer's telephone number, including area code

(02) 8396-5270

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	324,620,008

11. Indicate the item numbers reported herein

None

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.

DFNN, Inc.DFNN

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
Execution of a Binding Term Sheet by iWave, Inc. (a company which is 49.36% owned by DFNN Inc.)
Background/Description of the Disclosure
Today, DFNN Inc. management was informed by iWave, Inc. (a company which is 49.36% owned by DFNN Inc.) that it entered into a binding Term Sheet with China Sky Chemical Fibre Co., Ltd. (China Sky), a company duly registered in the Cayman Islands and listed in the Singapore Exchange (SGX), to transfer China Sky’s listing status for a consideration of SGD$4,450,000.00. China Sky is currently under judicial management. The consideration shall be in the form of shares in the listing vehicle to be distributed among Eligible Creditors and Eligible Shareholders of China Sky via a Scheme of Arrangement, as allowed under SGX rules. At the moment, China Sky and iWave, Inc. are in the process of negotiating an Implementation Agreement. iWave, Inc. is a leading fintech company engaged in systems integration, software and technology development. Additional information will be provided when it is available.
Other Relevant Information
None