April 1, 2020 SECURITIES AND EXCHANGE COMMISSION Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, 1307 ATTENTION : DIR. VICENTE GRACIANO P. FELIZMENIO, JR. Markets and Securities Regulation Department via PSE EDGE PHILIPPINE STOCK EXCHANGE, INC. PSE Tower, 28th Street cor. 5th Avenue, Bonifacio Global City, Taguig City ATTENTION : MS. JANET A. ENCARNACION Head, Disclosure Department via electronic mail PHILIPPINE DEALING & EXCHANGE CORP. 29th Floor BDO Equitable Tower 8751 Paseo de Roxas, Makati City 1226 ATTENTION : ATTY. MARIE ROSE M. MAGALLEN-LIRIO Head – Issuer Compliance and Disclosures Department Gentlemen: Attached is the SEC Form 20-IS (Definitive Information Statement) of Aboitiz Power Corporation for the 2020 Annual Stockholders’s Meeting for your files. Kindly acknowledge receipt hereof. Thank you. Very truly yours, ABOITIZ POWER CORPORATION By: MANUEL ALBERTO R. COLAYCO Corporate Secretary COVER SHEET C 1 9 9 8 0 0 1 3 4 S.E.C. Registration Number A B O I T I Z P O W E R C O R P O R A T I O N ( Company's Full Name ) 3 2 N D S T R E E T , B O N I F A C I O G L O B A L C I T Y , T A G U I G C I T Y , M E T R O M A N I L A P H I L I P P I N E S (Business Address: No. Street City / Town / Province ) MANUEL ALBERTO R. COLAYCO 02-8 886-2338 Contact Person Company Telephone Number 4th Monday of April 1 2 3 1 2 0 - I S 0 4 2 7 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting N/A Secondary License Type, if Applicable SEC N/A Dept. Requiring this Doc Amended Articles Number/Section x Total No. of Stockholders Domestic Foreign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Remarks = Pls. use black ink for scanning purposes SEC FORM 20-IS (INFORMATION STATEMENT) TABLE OF CONTENTS INFORMATION REQUIRED IN INFORMATION STATEMENT ............................ 6 A. GENERAL INFORMATION .................................................................................................................... 6 Item 1. Date, time and place of the 2020 Annual Stockholders’ Meeting .............................................. 6 Item 2. Dissenter’s Right of Appraisal ..................................................................................................... 6 Item 3. Interest of Certain Persons in or Opposition to Matters to be Acted Upon............................... 7 B. CONTROL AND COMPENSATION INFORMATION ................................................................................ 7 Item 4. Voting Securities and Principal Holders Thereof ........................................................................ 7 (a) Class of Voting Shares as of March 31, 2020: ..................................................................................... 7 (b) Record Date ........................................................................................................................................ 7 (c) Election of Directors and Cumulative Voting Rights ........................................................................... 7 (1) Security Ownership of Certain Record and Beneficial Owners (more than 5% of the voting shares) as of March 31, 2020 ...................................................................................................... 9 (2) Security Ownership of Management as of March 31, 2020 (Record and Beneficial) ................ 10 (3) Voting Trust Holders of Five Per Centum (5%) or More of Common Equity ............................. 11 (4) Changes in Control .................................................................................................................... 11 Item 5. Directors and Executive Officers .............................................................................................. 11 (a) Directors and Officers for 2019-2020 ............................................................................................... 11 (1) Directors for 2019-2020 ............................................................................................................ 12 (2) Significant Employees ............................................................................................................... 26 (3) Family Relationships ................................................................................................................. 26 (4) Involvement in Certain Legal Proceedings as of March 31, 2020 ............................................. 26 (5) Certain Relationships and Related Transactions ....................................................................... 26 (6) Parent Company ....................................................................................................................... 27 Item 6. Compensation of Directors and Executive Officers .................................................................. 27 (a) Summary of Compensation of Executive Officers ............................................................................ 27 (b) Compensation of Directors ............................................................................................................... 28 (1) Standard Arrangements ............................................................................................................ 28 (2) Other Arrangements ................................................................................................................. 29 (c) Employment Contracts and Termination of Employment and Change-in-Control Arrangements ... 29 (d) Warrants and Options Outstanding .................................................................................................. 29 Item 7. Independent Public Accountant ............................................................................................... 29 Item 8. Compensation Plans ................................................................................................................. 29 C. ISSUANCE ......................................................................................................................................... 29 Item 9. Authorization or Issuance of Securities Other Than for Exchange ........................................... 29 Item 10. Modification or Exchange of Securities .................................................................................... 32 Item 11. Financial and Other Information .............................................................................................. 32 Item 12. Mergers, Consolidations, Acquisitions and Similar Matters ..................................................... 32 Item 13. Acquisition or Disposition of Property ..................................................................................... 32 Item 14. Restatement of Accounts ......................................................................................................... 33 D. OTHER MATTERS .............................................................................................................................. 33 Item 15. Action with Respect to Reports ................................................................................................ 33 Item 16. Matters Not Required to be Submitted .................................................................................... 33 Item 17. Amendment of Charter, By-Laws or Other Documents ........................................................... 34 Item 18. Other Proposed Actions ........................................................................................................... 37 Item 19. Voting Procedures .................................................................................................................... 38 (a) Votes Required for Matters Submitted for Approval of the Shareholders ....................................... 38 (b) The Method by which Votes will be Counted ................................................................................... 38 PART I – BUSINESS AND GENERAL INFORMATION ....................................... 46 Item 1. Business .............................................................................................................................. 46 (1) Overview................................................................................................................................... 46 (2) Business Development ............................................................................................................. 46 (3) Business of Issuer ..................................................................................................................... 49 (a) Description of Registrant .................................................................................................................. 49 (i) Principal Products or Services ........................................................................................................... 49 (ii) Sales .................................................................................................................................................. 67 (iii) Distribution Methods of the Products or Services ............................................................................ 67 Annual Report 2018 i SEC FORM 20-IS (INFORMATION STATEMENT) (iv) New Products/Services ..................................................................................................................... 68 (v) Competition .....................................................................................................................................