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) Nov 25, 20212. SEC Identification Number 774873. BIR Tax Identification No. 000-388-7714. Exact name of issuer as specified in its charter JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITYPostal Code16058. Issuer's telephone number, including area code (632) 8634-11119. Former name or former address, if changed since last report N/A10. 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
1,109,673,751
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 4-13 - 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 Report
Source
BusinessWorld (Online Edition)
Subject of News Report
Jollibee looks to launch more stores in China.
Date of Publication
Nov 25, 2021
Clarification of News Report
Excerpt of our response is found below:
"JOLLIBEE Foods Corp. (JFC) is planning to launch at least 33 more stores in mainland China by December through its Tim Ho Wan, Yonghe King, and Hong Zhuang Yuan brands.
In a statement on Wednesday, the company said it is expecting revenue growth driven by its expansion efforts in the country. It has so far opened 80 stores under the three brands this year.
'The expansion efforts of these brands will play a huge and important role in generating revenue and strengthening the Jollibee Group's growth, especially since China is one of the company's four pillar markets,' JFC President and Chief Executive Officer Ernesto Tanmantiong said.
. . . .
JFC aims to 'aggressively grow.' Tim Ho Wan in mainland China from six to 100 restaurant outlets in the next five years.
Meanwhile, Yonghe King launched 62 new stores in 2021, bringing its store count to 383 across China. It aims to have 1,000 stores in the next five years.
Yonghe King recently launched its first two stores in the Shaanxi Province via Xi'an City. It is also slated to launch its first store in the Hainan province, while 23 more Yoonghe King stores are expected to open by December.
. . . .
JFC said Hong Zhuan Yuan is now looking to launch stores in Beijing's top 10 shopping malls as well as in other malls outside the city, in an attempt to have 60 stores by the end of this year.
. . . ."
On behalf of Mr. Baysa, we respond as follows:
We confirm that the above statements that were posted on BusinessWorld (Online Edition) on November 25, 2021 are correct. The statements were based on a press release issued by JFC on November 24, 2021, as attached.
Other Relevant Information
Please see attachments.
Filed on behalf by:
Name
VALERIE AMANTE
Designation
VICE-PRESIDENT
Attachments
Original Link
Original Document
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Disclaimer
Jollibee Foods Corporation published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 01:29:05 UTC.
Jollibee Foods Corporation is a Philippines-based company, which is involved primarily in the development, operation and franchising of quick service restaurants (QSRs) under the trade names Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Panda Express, Yoshinoya, and Milksha. Its segments include food service, franchising and leasing. The food service segment is involved in the operations of QSRs and the manufacture of food products to be sold to Company-owned and franchised QSR outlets. The franchising segment is involved in the franchising of the Company's QSR store concepts. The leasing segment leases store sites mainly to its independent franchisees. The Company has approximately 1,204 Jollibee stores nationwide, of which 768 were franchised and 436 were Company owned. In addition, outside the Philippines, it has approximately 378 stores.
JOLLIBEE FOODS CORPORATION 
