Change in Directors and/or Officers (Resignation, Removal or Appointment, Election and/or Promotion)

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) Apr 13, 20222. SEC Identification Number CS2009009173. BIR Tax Identification No. 0072133530004. Exact name of issuer as specified in its charter ITALPINAS DEVELOPMENT CORPORATION5. Province, country or other jurisdiction of incorporation METRO MANILA, PHILIPPINES6. Industry Classification Code(SEC Use Only) 7. Address of principal office UNIT 28C BPI PHILAMLIFE BLDG., 6811 AYALA AVENUE, MAKATI CITYPostal Code12268. Issuer's telephone number, including area code (02)8893 03289. 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	629,568,795

11. Indicate the item numbers reported herein ITEM NO.4 RESIGNATION, REMOVAL OR ELECTION OF REGISTRANT'S DIRECTORS OR OFFICERS

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.

Italpinas Development CorporationIDC

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Board Meeting held on April 13, 2022

Background/Description of the Disclosure

We advise that during the meeting of the Board of Directors of Italpinas development Corporation ("IDC") held on Wednesday, April 13, 2022, which adjourned at 6:00pm, the Corporation's President, Atty. Jose D. Leviste III has been designated concurrently as Chief Compliance Officer. Likewise, the reorganization of the following committees was approved: 1. The Treasurer, Atty. Shennan A. Sy, was appointed to the Remunerations Committee vice Atty. Jose D. Leviste III. 2. Atty. Jose D. Leviste, being concurrently President and Chief Compliance Officer, was designated Chairman of the Corporate Governance Committee.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
JOSE D. LEVISTE III	REMUNERATION COMMITTEE MEMBER	APR/13/2022	REPLACEMENT

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company	Nature of Indirect Ownership
Direct	Indirect
JOSE D. LEVISTE III	CHIEF COMPLIANCE OFFICER	APR/13/2022	APR/13/2022	202,807,930	-	-
JOSE D. LEVISTE III	CORPORATE GOVERNANCE COMMITTEE CHAIRMAN	APR/13/2022	APR/13/2022	202,807,930	-	-
SHENNAN SY	REMUNERATION COMMITTEE MEMBER	APR/13/2022	APR/13/2022	931	-	-

Promotion or Change in Designation

Name of Person	Position/Designation	Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company	Nature of Indirect Ownership
From	To	Direct	Indirect
-	-	-	-	-	-	-	-

Other Relevant Information

Please see attached file.

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