Solar Philippines Nueva Ecija Corporation

06/27/2022 | Press release | Distributed by Public on 06/26/2022 21:48

Clarification of News Reports

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) Jun 27, 20222. SEC Identification Number CS2016273003. BIR Tax Identification No. 009461034. Exact name of issuer as specified in its charter Solar Philippines Nueva Ecija Corporation5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 20th Floor Philamlife Tower, 8767 Paseo de Roxas, Makati City, PhilippinesPostal Code12268. Issuer's telephone number, including area code (+632) 8817-25859. Former name or former address, if changed since last report N/A10. 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 Shares 8,124,350,005
11. Indicate the item numbers reported herein Item 9 - Other Items

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.

Solar Philippines Nueva Ecija CorporationSPNEC

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 News Report with respect to news article entitled "Solar PHL bags most of RE capacity in energy auction"

Source Business Mirror
Subject of News Report "Solar PHL bags most of RE capacity in energy auction"
Date of Publication Jun 27, 2022
Clarification of News Report

This is in reply to the Philippine Stock Exchange's (PSE) letter dated June 27, 2022 with respect to the news article entitled "Solar PHL bags most of RE capacity in energy auction" posted in Business Mirror (Online Edition) on June 27, 2022. The article reported in part that:

"SOLAR Philippines has bagged most of the renewable energy (RE) contracts to develop 2,000-megawatt (MW) capacities under the country's first Green Energy Auction Program (GEAP).

Data from the Department of Energy (DOE) website showed that Solar Philippines won 70 percent of all RE capacity in the DOE auction, or 1380MW out of 1996MW across all technologies, and 91 percent of all the solar capacity, or 1350MW out of 1490MW.

These are the 200MW Concepcion Tarlac 2 of Solar Philippines Commercial Rooftop Projects, Inc. (SPCRPI), 280MW Santa Rosa Nueva Ecija 2 of Solar Philippines Nueva Ecija Corp., 450MW Tayabas solar power of SPCRPI, 30MW Calatagan wind power of Solar Philippines Calatagan Corp., 300MW Kananga-Ormoc solar power of Solar Philippines Visayas Corp., and 120MW General Santos solar power of SPCRPI.

. . . ."

This is to confirm that the DOE has published the Notice of Award for the above-mentioned projects at https://www.doe.gov.ph/geap/notice-award-list-winning-bidders-gea-1?q=geap/notice-of-award.

We wish to confirm that the above-mentioned Santa Rosa Nueva Ecija 2 Solar Power Project refers to the planned 500 MWdc solar project of SPNEC; and that the above-mentioned Concepcion Tarlac 2, Tayabas, Calatagan wind, Kananga-Ormoc, and General Santos projects are all under entities listed in SPNEC's Comprehensive Corporate Disclosure dated February 28 2022, and would be owned by SPNEC after its asset-for-share swap with its parent company.

As noted in our disclosure dated June 20 2022, now that we are completing certain contracting processes, the company plans to provide more details on these projects in the coming days.

Other Relevant Information

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Filed on behalf by:
Name Hazel Iris Lafuente
Designation Director, Treasurer, Assistant Corporate Secretary, Head of Community Development and Chief Information Officer