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 4, 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 4-30 - 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 taken up at the regular board meeting held today, 4 August 2021, via video conferencing.
Background/Description of the Disclosure
1. Appointment of Sherisa P. Nuesa (Independent Director) as member of the Executive Committee; 2. Appointment of Patrice R. Clausse as Head of the International Group; 3. Approval by the independent directors to pay meeting per diem to non-executive and non-independent directors; 4. Approval of the Company’s revised delegation of authority matrix; 5. Approval to use DocuSign for signing of documents relating to treasury matters; 6. Approval to reallocate a portion of the proceeds of the stock rights offering in the amount of Php900 Million to partially finance its investment in Greencore 3 Power Solutions, Inc. for a 75 MWdc plant in Arayat and Mexico, Pampanga, out of the amounts originally allocated to (a) partially finance its Other Projects, in particular, (i) Investment in the 160MW Balaoi wind project (ii) Investment into a renewable energy laboratory and (iii) Funding of up to U.S.$100 million for new technology investments in the Philippines (Php600 million), and (b) finance its investment in Giga Ace 8, Inc. (“Giga Ace 8”) for a 75MWdc plant in Zambales, with a target to increase to 130MWdc (the “Palauig Solar Project”) (Php300 million); 7. Approval to reallocate a portion of the proceeds of the follow on offering in the amount of Php6.17 Billion to partially finance its investment in Santa Cruz Solar Energy Inc. for a 250MWdc plant in San Marcelino, Zambales (Php5.37 billion) and for land acquisition (Php0.8 billion), out of the amounts originally allocated to partially finance its investment in Giga Ace 8 for the Palauig Solar Project (Php4.3 billion), repayment of loans and reduction of payables (Php580 million), and new technology investments (Php1.29 billion); 8. Approval of additional USD150 million credit lines from banks; 9. Approval to invest up to USD 80 million into the NEFIN Group, a rooftop solar developer in the Australasia region; 10. Approval of the 250 MW GIGASOL San Marcelino Solar Project; 11. Approval of the first half 2021 financial statements; and 12. Delegation to the Audit Committee of the authority to approve quarterly financial statements.
Other Relevant Information
-