C04957-2021

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)
Jul 21, 2021
2. SEC Identification Number
39274
3. BIR Tax Identification No.
000-506-020-000
4. Exact name of issuer as specified in its charter
AC Energy Corporation
5. Province, country or other jurisdiction of incorporation
Makati City, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4th Floor, 6750 Office Tower, Ayala Avenue, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
(02) 7730 6300
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 38,225,838,177
11. Indicate the item numbers reported herein
N/A

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.

AC Energy CorporationACEN

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of the news article in philSTAR.com on July 21, 2021 entitled “ACEN to build 4 wind farms in Vietnam”

Source philSTAR.com
Subject of News Report ACEN to build 4 wind farms in Vietnam
Date of Publication Jul 21, 2021
Clarification of News Report

This is in response to your request for clarification of the news article entitled “ACEN to build 4 wind farms in Vietnam” posted in philSTAR.com on July 21, 2021. The article reported in part that:

“MANILA, Philippines — AC Energy Corp. (ACEN) is putting up four wind farms with a combined capacity of 440 megawatts (MW) in Vietnam this year, which will make the country its largest overseas market.

In a statement, ACEN said it leveraged on Vietnam’s strong wind resource potential, making a strategic pivot to jointly develop wind projects with its partners. The company is investing a total of $445 million in Vietnam.

. . . .

With its partners, the company is already operating 525 MW of renewables capacity from its existing solar and wind farms in the country.

. . . .

With four wind farms set to be operational within the year, and with the upcoming completion of the infusion of its international assets that will bring 1,408 MW of renewables capacity, ACEN’s renewable energy portfolio is set to reach 2,500 MW within the year, already in the halfway mark of its target to reach 5,000 MW by 2025.

. . . .”

We confirm the accuracy of the above quoted article.

We will advise the Exchange promptly of any developments or relevant information as applicable.

Thank you.

Other Relevant Information

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Filed on behalf by:
Name Alan Ascalon
Designation Vice President/ Asst. Corporate Secretary