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 9, 2020

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503-000

4. Exact name of issuer as specified in its charter

SBS Philippines Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

NO. 10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 8371-1111

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	1,549,999,999

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.

SBS Philippines CorporationSBS

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
Board Meeting
Background/Description of the Disclosure
Please be informed that in the Company's Board Meeting Today, the following was approved: 1. Approval of the 3rd quarterly financial report; 2. Creation of nomination and remuneration committee and removal of such functions from the Corporate Governance, Nomination and Remuneration Committee; 3. Election of Ricardo Jacinto as Chairman, Aylene Sytengco, Necisto Y. Sytengco II, and Geocel Olanday as Members of the Nomination and Remuneration Committee; 4. Renaming of the Corporate Governance Nomination and Remuneration Committee to Corporate Governance Committee; 5. Revision of the Corporate Governance Committee Charter to: a. increase the number of members to five (5); b. require the presence of at least 2 independent directors to obtain quorum and the vote of at least 2 independent directors to to pass or approve any resolutions; and 6. Acceptance of the resignation of Ricardo Jacinto as member of the Corporate Governance Committee, and the election of the Executive Directors Lali Sytengco and Necisto Y. Sytengco II as members of the Corporate Governance Committee.
Other Relevant Information
n/a