C00210-2024

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Fruitas Holdings, Inc.FRUIT

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

2023 Annual Disbursement of Proceeds and Progress Report
Background/Description of the Disclosure

We hereby submit the Disbursement of Proceeds and Progress Report for the year ending December 31, 2023. Fruitas Holdings Inc. (“Company”) realized a total Offer proceeds of Php896,548,800 from the Initial Public Offering (“Offer”) of 533,660,000 common shares at an offer price of Php1.68 per share on 29 November 2019.

For the year ending December 31, 2023, the company has a total disbursement of Php 11,602,884 used for store network expansion, acquisition opportunities and introduction of new concepts, and commissary expansion. As of December 31, 2023, FRUIT has fully utilized the proceeds from the Initial Public Offering in November 2019.
Other Relevant Information

Please refer to the attached 2023 Annual Disbursement of Proceeds and Progress Report with auditors' certification.
Filed on behalf by:
Name RUSHELL SALVADOR
Designation COMPLIANCE OFFICER