Leisure & Resorts World : Amendments to Articles of Incorporation

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) Jul 29, 20222. SEC Identification Number 131743. BIR Tax Identification No. 000-108-278-0004. Exact name of issuer as specified in its charter LEISURE & RESORTS WORLD CORPORATION5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 26F West Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig CityPostal Code16058. Issuer's telephone number, including area code (632) 8634-50999. 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	2,444,106,666
Preferred	0

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.

Leisure & Resorts World CorporationLR PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Amendment of the Sixth Article

Background/Description of the Disclosure

On 8 June 2022, the Board approved the amendment of the Sixth Article of the Company's Articles of Incorporation to reduce the number of directors from 11 to 9. On 29 July 2022, the stockholders approved and ratified the amendment.

Date of Approval by Board of Directors	Jun 8, 2022
Date of Approval by Stockholders	Jul 29, 2022
Other Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Sixth	"That the number of directors of said corporation shall be eleven (11) xxx"	"That the number of directors of said corporation shall be nine (9) xxx"

Rationale for the amendment(s)

The reduction of the number of directors is meant to streamline and make the board more manageable, and at the same time giving priority to the expertise of the directors that is relevant to the Company's industry. This will ideally make the board more efficient as the decision-making process would be quicker and more effective.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

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

The reduction of the number of directors will make the board more efficient as the decision-making process would be quicker and more effective.

Other Relevant Information

This amendment pertains to the date of approval of the stockholders of the amendment to the Articles of Incorporation.

Filed on behalf by:

Name	Kristine Margaret Delos Reyes
Designation	Compliance Officer and Head, Legal