Chemical Industries of Philippines: Amendments to Articles of Association







SAFETY AND EXCHANGES COMMISSIONSEC FORM 17-C

CURRENT ARTICLE 17 REPORT
OF THE SECURITIES REGULATORY CODE
AND CBC RULE 17.2(c)

1. Report Date (Date of first reported event) August 19, 20222. SEC Identification Number 148123. BIR tax identification number 000-110-888-0004. Exact name of the issuer as specified in its charter CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.5. Province, country or other jurisdiction of incorporation METRO MANILA, PHILIPPINES6. Industry classification code (SEC use only) 7. Principal office address CHEMPHIL BUILDING, 851 A. ARNAIZ AVENUE CITY OF MAKATIPostal code12298. Issuer’s phone number including area code (02) 8687-88779. Former name or address, if changed since last report N / A10. Securities registered pursuant to Articles 8 and 12 of the SRC or Articles 4 and 8 of the RSA

Title of each class

Number of Common Shares Outstanding and Amount of Outstanding Debt

PAR VALUE OF P10 COMMON SHARES 10,296,601

11. Indicate the article numbers reported here Item 9 – Other events

The Exchange does not warrant or assume any responsibility for the accuracy of the facts and statements contained in any corporate disclosures, including financial reports. All data contained herein is prepared and submitted by the Disclosing Party to the Exchange, and is being released for informational purposes only. Any questions about the data contained herein should be directed directly to the disclosing party’s corporate information officer.


Philippine Chemical Industries, Inc.C.I.P.

PSE Disclosure Form 4-3 – Amendments to Articles of Association References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Purpose of disclosure

Modification of the statutes

Background/Description of Disclosure

On August 19, 2022, the Board of Directors, through a special meeting, approved the modification of the main object of the Company. This amendment will be presented to our shareholders for approval at the annual general meeting to be held on September 15, 2022.

Date approved by
board of directors

August 19, 2022

Date approved by shareholders

To be determined

Other competent regulatory body, if applicable

N / A

Date of approval by relevant regulatory body, if applicable

N / A

Date of approval by the Securities and Exchange Commission

To be determined

Date of receipt of SEC approval

To be determined

Amendment(s)

Article number

Of

To

Fourth Invest, hold, own, purchase and otherwise acquire interests in companies, associations and other entities engaged in the development and business of the chemical industry, its allied industry as well as in agricultural and commercial enterprises; and to provide management, business planning, marketing, research and development, technical support, and other necessary or practical services in and relating to the conduct and operation of the business of such industries and enterprises. (a) Acquire by purchase, lease or otherwise, land or interests in land and real property, and own, hold, improve, develop, manage and operate such land or land or real property so acquired, and erect or make so that to erect upon lands, owned, held, occupied or acquired by the Company, buildings and other structures together with their appurtenances, and to reconstruct, enlarge, alter, improve or remodel any building or other structure now or hereafter erected on any land or real property so owned, held or occupied, or otherwise disposing of land or real property or interests in land or real property and in buildings and other structures at any time owned or held by the society.

Justification of the modification(s)

The Company intends to prioritize its leasing activities and as such it will no longer engage in the chemical sector. His profession will be moved to authorize him to invest and/or carry out real estate activities.

The timetable for the entry into force of the modification(s)

Expected filing date of amendments to articles of association with the SEC

To be determined

Expected Date of SEC Approval of Amended Articles

To be determined

Effect(s) of the change(s) on the Issuer’s business, operations and/or capital structure, if any

The modification of the fourth article of the articles of association will allow the Company to give priority to its rental activities, to invest and/or to engage in real estate activities.

Other relevant information

Filed on behalf of:

Last name

Hernan Chua

Designation

Compliance Officer

Disclaimer

Philippine Chemical Industries Inc. published this content on August 19, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Aug 19, 2022 03:33:06 UTC.

Public now 2022

All the latest from CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.

Sales 2021 7.99 million
0.14M
0.14M
Net income 2021 -23.1M
-0.41M
-0.41M
Net debt 2021 13.8 million
0.25M
0.25M
PER 2021 ratio -58.1x
2021 performance
Capitalization 1,287 million
23.0 million
23.0 million
EV / Sales 2020 166x
EV / Sales 2021 170x
# of employees 1
Floating 2.47%

Chart CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.


Duration :

Period :




Evolution of the income statement