C01824-2024

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)
Mar 27, 2024
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 1,120,781,131
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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

JFC Invests in Botrista
Background/Description of the Disclosure

Jollibee Foods Corporation (JFC), through its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), today announced that it has signed agreements to invest the sum of USD 28million for 10% ownership in Botrista, Inc. (Botrista). JWPL will be the Lead Investor.

Botrista, a leader in the beverage technology space, holds more than 100 patents globally for its proprietary dispense technology which provides automated solutions to serve cold specialty coffee and tea-based drinks with premium and all-natural ingredients. Botrista’s efficient and easy-to-use automated system enables restaurant and food service operators to offer more drink options resulting in incremental revenues and higher same store sales growth, with minimal capital expenditures.

Botrista was founded by Sean Hsu, an entrepreneur with more than 12 years of experience and an extensive background in robotics engineering, industrial engineering and process efficiency. Prior to founding Botrista, he spent numerous years at Tesla as Head of Fluid Engineering in Battery and Manufacturing sector, where he built automation manufacturing lines at multiple factories, specializing in robotics and liquid dispensing process. Hsu received multiple recognitions for his technology leadership with the prestigious MIT Innovation and Entrepreneurship Award, the Red Dot Design Award, and over twenty-five other product innovation honors.

JWPL’s investment in Botrista is a strong fit to JFC’s goal of growing its coffee and tea business. It will pave strategic access to innovative and sustainable platform & technology, creating gateway to tap the USD3 trillion-worth total addressable market for beverages industry globally, by expanding distribution channels and providing consumers with healthier options. This gives JFC an opportunity to leverage Botrista’s technological capabilities, which will create significant learnings and synergies that will further enhance JFC’s competitive advantage.

JFC Chairman Dr. Tony Tan Caktiong commented, “Botrista is a game changer for the beverage industry. We are excited to invest in a company that creates excellent and innovative products enabling food service operators to deliver a world-class customer experience and providing a substantial runway for sustained profitable growth. We look forward to Botrista’s rapid and asset-light distribution and channel expansion that will create more value to its partners and ultimately, the end consumers.”

JFC, through JWPL will fund this investment using its current surplus cash. JFC has a strong cash flow from operations, and it remains committed to maintaining its capital allocation priorities that include investment in new and existing stores, commissaries, and technology.

The investment is expected to support Botrista’s market expansion activities outside the US, increase production capabilities and fund ingredient supply chain development and other R&D initiatives. Botrista CEO Sean Hsu commented, “We are delighted to have JFC as a partner. Our team is committed to winning in the marketplace and this partnership will help us continue investing in our technology to scale more quickly and further improve our innovative capabilities. We look forward to creating more opportunities both for Botrista and JFC to accelerate growth and deliver exceptional value to our customers.”
Other Relevant Information

Please see attachment.
Filed on behalf by:
Name VALERIE AMANTE
Designation VICE-PRESIDENT