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)

Aug 3, 2023

2. SEC Identification Number

77487

3. BIR Tax Identification No.

000-388-771

4. Exact name of issuer as specified in its charter

JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

(632) 8634-1111

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	1,119,342,831
Treasury	16,447,340
Preferred Shares (JFCPA)	3,000,000
Preferred Shares (JFCPB)	9,000,000

11. Indicate the item numbers reported herein

-

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.

Jollibee Foods CorporationJFC

PSE Disclosure Form 4-22 - Joint Ventures References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
JFC to Bring Tiong Bahru Bakery and Common Man Coffee Roasters to the Philippines
Background/Description of the Disclosure
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, and Food Collective, Pte. Ltd. (FCPL) today announced the establishment of a joint venture company (JVCo) that will own and operate Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines. FCPL is a majority-owned subsidiary of Titan Lifestyle Holdings Pte. Ltd., a wholly owned subsidiary of Titan Dining LP in which JFC has a 90% participating interest. The company is incorporated in Singapore and its primary activity is owning and operating lifestyle brands, including Tiong Bahru Bakery and Common Man Coffee Roasters.

Date of Approval by Board of Directors	Aug 3, 2023
Date of Approval by Stockholders, if applicable	N/A

Description and nature of the transaction including the timetable for implementation, and related regulatory requirements
The joint venture company will be the franchisee for “Tiong Bahru Bakery and Common Man Coffee Roasters in the Philippines. Completion of this transaction is subject to standard legal agreements and regulatory authority approval.

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
These brands will be a strong addition to JFC’s foreign franchised brands and will allow JFC to capture an even greater opportunity and strengthen JFC’s position for further growth in the Philippine market.

Terms and conditions of the joint venture

Amount of investment and/or interest by the parties involved
60% JFC; 40% FCPL; The JV Company will initially have an authorized capital stock of the Philippine Peso equivalent of PhP250,000,000 and plans to open at least 1 Common Man Coffee Roasters in 2023.
Provisions on profit-sharing, arrangements on management and operations
Profit sharing shall be in accordance with the 60/40 ownership. The JV Company shall have its own management with JFC providing support.
Conditions precedent to closing of transaction, if any
None
Other salient features of the joint venture agreement
N/A

Identity and/or corporate background of the parties to the transaction, including the following

Name	Nature of Business	Nature of any material relationship with the Issuer and the parties to the joint venture, their directors/officers or any of their affiliates
Jollibee Foods Corporation (Issuer)	Food and Beverage/Quick Service Restaurant	Not applicable
Food Collective Pte. Ltd.	Food and Beverage	FCPL is a majority-owned subsidiary of Titan Lifestyle Holdings Pte. Ltd., a wholly owned subsidiary of Titan Dining LP in which JFC has a 90% participating interest.

Effect(s) on the business, financial condition and operations of the Issuer, if any
These brands will be a strong addition to JFC’s foreign franchised brands and will allow JFC to capture an even greater opportunity and strengthen JFC’s position for further growth in the Philippine market.
Other Relevant Information
Please see attachment.