Asia United Bank : Amendments to By-Laws

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 22, 20222. SEC Identification Number A-1997-189633. BIR Tax Identification No. 005-011-651-0004. Exact name of issuer as specified in its charter Asia United Bank5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office Joy-Nostalg Center No. 17 ADB Avenue, Ortigas Center, Pasig CityPostal Code16008. Issuer's telephone number, including area code (632) 8633-6888; (632) 8631-33339. 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	485,310,538

11. Indicate the item numbers reported herein item 9

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.

Asia United Bank CorporationAUB PSE Disclosure Form 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Proposed Amendment to AUB's By-Laws

Background/Description of the Disclosure

Please be advised that in a meeting held last April 22, 2022 the Bank's Board of Directors approved the following proposed amendments to the Bank's By-Laws: 1. Section 5.3 - notice of shareholders' meetings to be circulated 28 days prior to the meeting 2. Section 7.1 - at least majority of the Board should be Non-Executive Directors, at least three of whom should be independent 3. Section 7.12.A and B - re-composition of the different Board Committees 4. Section 8.3 - Chairman of the Board of Directors to be different person from the Chief Executive Officer 5. Section 8.5 - the President shall be the Chief Executive Officer

Date of Approval by Board of Directors	Apr 22, 2022
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	Bangko Sentral ng Pilipinas
Date of Approval by Relevant Regulatory Agency, if applicable	TBA
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article and Section Nos.	From	To
Article V, Section 5	Notice of shareholders	Notice of shareholders meetings to be sent "at least twenty-eight (28) days" prior to the meeting
Article VII, Section 7	No reference to Non-Executive Directors and Independent Directors	Add: The Board shall composed of at least a majority of Non-Executive Directors, of whom at least three (3) shall be independent
Article VII, Section 12.A and B	Nomination Committee and Compensation/Remuneration Committee	Functions of the Nomination Committee and the Compensation Committee to be made part of that of the Corporate Governance Committee
Article VIII, Section 8.3	Chairman of the Board shall be the Chief Executive Officer	Chief Executive Officer will be the President
Article VIII, Section 8.5	President shall be the Chief Operating Officer	President shall be the Chief Executive Officer

Rationale for the amendment(s)

To adopt the new governance standards under the Manual of Regulations for Banks of the Bangko Sentral ng Pilipinas and the Code of Corporate Governance for Listed Companies of the Securities and Exchange Commission

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the By-Laws with the SEC	TBA
Expected date of SEC approval of the Amended By-Laws	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any

No expected effects other than the realignment of the responsibilities/duties of the Chairman of the Board and the President

Other Relevant Information

These proposed amendments to the By-Laws of the Bank will be submitted for stockholders' approval in the annual stockholders' meeting scheduled on 24 June 2022.

Filed on behalf by:

Name	Kristel Azucena
Designation	Corporate Planning and Investor Relations Officer