Centro Escolar University

10/18/2024 | Press release | Distributed by Public on 10/17/2024 23:18

[Amend-2]Material Information/Transactions

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) Oct 18, 20242. SEC Identification Number 10933. BIR Tax Identification No. 240-000-531-1264. Exact name of issuer as specified in its charter Centro Escolar University5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office No. 9 Mendiola St., San Miguel, ManilaPostal Code10058. Issuer's telephone number, including area code (02) 8735-6861 to 719. Former name or former address, if changed since last report Not Applicable10. 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 372,414,400
11. Indicate the item numbers reported herein No. 9 Other events

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.

Centro Escolar UniversityCEU

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

Proposal to delegate to the Board the authority to appoint external auditor.

Background/Description of the Disclosure

During the recently concluded Special Meeting of the Board of Directors of CEU held in the morning of 11 October 2024, acting on the recommendation of the Audit & Risk Committee, the Board of Directors approved the proposal to delegate to the Board of Directors the authority to appoint the external auditor.

The Board also resolved that the proposal be submitted for approval by the Stockholders during the Annual Stockholders Meeting to be held on 25 October 2024.

In this connection, since the Definitive Information Statement containing and discussing all the matters for approval by the Stockholders during the Annual Stockholders Meeting to be held 25 October 2024 was already reviewed and cleared by the SEC MSRD and released to the stockholders last 04 October 2024, CEU will be filing an application under Rule 20 of the Implementing Rules of the SRC with the SEC MSRD to be allowed to make changes on CEU's Definitive Information Statement to be able to include the above-discussed matter in the Agenda of the ASM.

As such, the inclusion of the above-matter in the 25 October 2024 Annual Stockholders Meeting will be subject to the approval of the SEC MSRD.

Other Relevant Information

Since the matter is subject to the approval by the SEC MSRD, CEU will be providing updates on any developments.

Please see 17c

Update 15 October 2024 - This is to inform the PSE that the University in the afternoon of 15 October 2024 received an Order from the SEC MSRD approving the request to amend the DIS, subject to compliance with Rule 20, SRC Implementing Rules. The university is currently in the process of complying with these requirements and will further update this report upon satisfaction of these requirements.

Update 18 October 2024 - Compliance with MSRD Order No. 91 Series of 2024 completed. Copy of relevant portions of the revised DIS also attached. Changes are highloghted for easy reference.

Full revised DIS will also be uploaded in the corresponding disclosure.

Filed on behalf by:
Name Jayson Ramos
Designation University Legal Counsel