Resolves NA if China does not attempt to invade Taiwan (before 2040)
Resolves NO if China does attempt to invade Taiwan and the Philippines is not involved militarily
Resolves YES if China does attempt to invade Taiwan and the Philippines is involved militarily
Involved militarily: clear reports that Filipino forces attacked Chinese forces or vice versa
If Chinese forces attacked US forces on Filipino territory this would count
Chinese invasion: I think this is going to be obvious; there should be widespread consensus. An invasion does not need to actually take place*, so long as there is substantial evidence that a credible force to invade Taiwan's main island was being massed on the Chinese coast.
Generally speaking, while you can imagine various scenarios with limited military conflict between Taiwan and China that are not an invasion it's hard to imagine the Philippines being involved in anything short of that. However, I reserve the right to make judgements on whether a scenario constitutes an invasion or not. For this reason I will not bet in this market. If I am no longer active then market participants may appoint a neutral arbitrator if there is disagreement.
*we could imagine that US, Filipino or Taiwanese actions might prevent it from actually happening