C05289-2023

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 7, 2023
2. SEC Identification Number
CS201320778
3. BIR Tax Identification No.
008-647-589
4. Exact name of issuer as specified in its charter
CENTURY PACIFIC FOOD, INC.
5. Province, country or other jurisdiction of incorporation
METRO MANILA
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor, Centerpoint Building, Julia Vargas Ave., Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(632) 8633.8555
9. Former name or former address, if changed since last report
N/A
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 SHARES 3,542,258,595
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.

Century Pacific Food, Inc.CNPF

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Reports
Source BusinessWorld (Online Edition)
Subject of News Report Century Pacific Food allots P3.5B for expansion
Date of Publication Jul 7, 2023
Clarification of News Report

We refer to your letter dated July 7, 2023 seeking clarification and/or confirmation of the news article entitled entitled “Century Pacific Food allots P3.5B for expansion” posted in BusinessWorld (Online Edition) on July 7, 2023. The article reported in part that:

“PO-LED Century Pacific Food, Inc. is allocating up to P3.5 billion for the year’s capital expenditure (capex) to expand its business segments, its top official said on Thursday.

‘We will be spending between P3 [billion] to P3.5 billion this year in capex because we are expanding capacity in a number of our business units,’ Century Pacific Food Executive Chairman Christopher T. Po said during the company’s virtual annual stockholders’ meeting.

Mr. Po said that this year’s capex was more than the company’s usual P2 billion to P2.5 billion allocation.

This year’s capex will be allocated mainly for the company’s meat, pet food, coconut, and other businesses, including its packaging manufacturing segment, Mr. Po added.

. . . .

In line with this, Century Pacific Food expects to attain double-digit top line growth this year.

‘Moving to the present, halfway through 2023, the sky hasn’t fully cleared. Uncertainties still remain. Nonetheless, management is working towards double-digit growth for our top line, supported by resilient demand,’ Mr. Po said.

He said initially, the company had given a range for this year’s growth. But given some consumer headwinds in the first half, ‘we are probably going to be on the bottom end of that range,’ he said, placing top line growth at “closer to [about] a 10% to 11%.”

He said the company is also expecting a mid to high-level single-digit growth in net income this year.

. . . .”

We wish to confirm the Php3 to 3.5 Billion target capital expenditure this year for CNPF’s expansion plans across its various business segments.

We also wish to confirm that CNPF is anticipating a year-on-year double-digit topline growth this year.

Finally, we wish to confirm that CNPF is anticipating a year-on-year mid- to high single-digit growth in net income this year.

We trust that you find the foregoing clarification sufficient and in order.
Other Relevant Information

None.
Filed on behalf by:
Name Richard Kristoffer Manapat
Designation Chief Information Officer