ACE Enexor : Update on Corporate Actions/Material Transactions/Agreements

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 25, 20222. SEC Identification Number 0940088113. BIR Tax Identification No. 004-500-964-0004. Exact name of issuer as specified in its charter ACE Enexor, Inc.5. Province, country or other jurisdiction of incorporation Makati City, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 4th Floor, 6750 Office Tower, Ayala Avenue, Makati CityPostal Code12268. Issuer's telephone number, including area code [phone]9. 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	250,000,001

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.

ACE Enexor, Inc.ACEX PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure

Stockholders' Approval of the Company's Follow-On Offering

Background/Description of the Disclosure

During the Company's Annual Stockholders' Meeting held today, 25 April 2022, stockholders holding at least majority of the Company's outstanding capital stock approved, among others, the following: 1. the issuance of up to 74,000,000 shares of the Corporation pursuant to the Corporation's planned follow-on offering ("FOO") at an FOO price range of Php10.00 to Php11.84 per share (the "FOO Shares"); and 2. the registration under the Securities Regulation Code with the Securities and Exchange Commission and listing with the Philippine Stock Exchange of the FOO Shares. The Executive Committee, by authority of the Board of Directors, earlier approved on 21 March 2022, the conduct of an FOO with a size of up to 74,000,000 shares to be priced at P10 to P11.84 per share. On 25 March 2022, the Company's Executive Committee, by authority of the Board of Directors, approved the Company's filing with the Securities and Exchange Commission of a registration statement covering a three-year shelf registration of up to 649,870,100 primary common shares and the Company's offer, issuance and listing of such securities in up to three (3) separate tranches. The proposed first tranche under the Shelf Registration is the issuance of up to 74,000,000 common shares pursuant to an FOO.

Other Relevant Information

This disclosure is related to disclosure report numbers C01849-2022 dated 22 March 2022 and C02013-2022 dated 28 March 2022. As requested by the PSE, please see attached an accomplished SEC Form 17-C.

Filed on behalf by:

Name	Alan Ascalon
Designation	Assistant Corporate Secretary