DocuSign Envelope ID: 8B87D0A1-A89D-49FA-84A6-105CB1459A1F


SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17

OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. April 12, 2023

Date of Report (Date of earliest event reported)

2. SEC Identification Number CS200811530 3. BIR Tax Identification No. 007-085-191

4. NICKEL ASIA CORPORATION

Exact name of issuer as specified in its charter

5. Philippines 6. (SEC Use Only)

Province, country or other jurisdiction of Industry Classification Code:
incorporation

7. 28th Floor NAC Tower, 32nd Street, Bonifacio Global City, Taguig City 1634
Address of principal office Postal Code

8. (632) 7798-7622
Issuer's telephone number, including area code

9. Not Applicable
Former name or former address, if changed since last report

10. 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 13,931,722,207

11. Indicate the item numbers reported herein:

Item 9. Other Events

PRESS RELEASE

GSIS INVESTS P1.46 BILLION IN NICKEL ASIA CORP.

State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion
in natural resources development company Nickel Asia Corp. (NAC) (PSE:NIKL).

The GSIS investment involved a purchase of a total of 233,558,653 common shares, done
through a block sale approved by the Philippine Stock Exchange on April 12, 2023.

SEC Form 17-C 1

December 2003
DocuSign Envelope ID: 8B87D0A1-A89D-49FA-84A6-105CB1459A1F

“GSIS’ investment in NAC shows that it is possible for a company to grow responsibly. Our
commitment to sustainable development is something we take seriously, and we are happy to
attract like-minded entities that believe in the value of responsible mining and renewable
energy” NAC CEO and President Martin Antonio Zamora said.

“GSIS continues to look for ways to lengthen its fund life through viable investment
opportunities such as the successful vertically integrated mining ore production and processing
businesses of NAC. Our decision to invest in NAC supports the goal of safely growing our funds
for our members’ benefit, while positioning strategically to aid both the Electric Vehicle
industry and nation-building,” GSIS President and General Manager Wick Veloso said.

By 2025, NAC aims to achieve its twin goal of becoming a premier ESG investment in the
country and becoming one of the top 25 companies in the Philippine Stock Exchange in terms of
market capitalization.

SIGNATURES

Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.

NICKEL ASIA CORPORATION April 12, 2023

Issuer Date

By:

MARIA ANGELA G. VILLAMOR

Senior Vice President- Finance and Revenue Management Group,
Chief Financial Officer, and Treasurer

SEC Form 17-C 2

December 2003
PRESS RELEASE

GSIS INVESTS P1.46 BILLION IN NICKEL ASIA CORP.

State-run pension fund Government Service Insurance System (GSIS) has invested P1.46 billion in natural
resources development company Nickel Asia Corp. (NAC) (PSE:NIKL).

The GSIS investment involved a purchase of a total of 233,558,653 common shares, done through a
block sale approved by the Philippine Stock Exchange on April 12, 2023.

“GSIS’ investment in NAC shows that it is possible for a company to grow responsibly. Our commitment
to sustainable development is something we take seriously, and we are happy to attract like-minded
entities that believe in the value of responsible mining and renewable energy” NAC CEO and President
Martin Antonio Zamora said.

“GSIS continues to look for ways to lengthen its fund life through viable investment opportunities such
as the successful vertically integrated mining ore production and processing businesses of NAC. Our
decision to invest in NAC supports the goal of safely growing our funds for our members’ benefit, while
positioning strategically to aid both the Electric Vehicle industry and nation-building,” GSIS President
and General Manager Wick Veloso said.

By 2025, NAC aims to achieve its twin goal of becoming a premier ESG investment in the country and
becoming one of the top 25 companies in the Philippine Stock Exchange in terms of market
capitalization.