C00946-2019

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)
Feb 18, 2019
2. SEC Identification Number
134800
3. BIR Tax Identification No.
000590608000
4. Exact name of issuer as specified in its charter
JOLLIVILLE HOLDINGS CORPORATION
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
4TH FLOOR 20 LANSBERGH PLACE, 170 TOMAS MORATO AVENUE, QUEZON CITY Postal Code 1103
8. Issuer's telephone number, including area code
(632) 373-3038
9. Former name or former address, if changed since last report
-
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 STOCK, PHP1.00 PAR VALUE 281,500,000
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.

Jolliville Holdings CorporationJOH

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 Article dated February 17, 2019

Source Manila Bulletin (Internet Edtion)
Subject of News Report “Jolliville to relist hydropower assets”
Date of Publication Feb 17, 2019
Clarification of News Report

February 18, 2019

Philippine Stock Exchange
6th Floor, PSE Tower,
28th Street corner 5th Avenue,
BGC, Taguig City

Attention: Ms. Janet A. Encarnacion
Head, Disclosure Department

Subject: Clarification of News Article

Gentlemen:

We write in response to your letter dated today, February 18, 2019, seeking clarification regarding the news article entitled “Jolliville to relist hydropower assets” posted in Manila Bulletin (Internet Edtion) on February 17, 2019. The article reported in part that:

“Jolliville Holdings Corporation of businessman Jolly Ting is planning to relist its water and hydropower business assets at the Philippine Stock Exchange after these were spun off a listed subsidiary and used as a backdoor listing vehicle of Udenna’s gaming and tourism businesses.

In an interview after the firm’s stockholders’ meeting, Jolliville Chief Finance Officer Ortrud Yao said they are looking at the possibility of listing by way of introduction.

. . . .

‘The company is already looking at the listing by way of introduction,’ said Yao adding that they plan to prioritize the listing of Philhydro.
She said that, ‘right now, Philippine Hydro is looking at all the proposals from the industry to handle the listing. And we are also in discussion with counsel on how (to do it)… I think once all of that has been studied then there will be a formal announcement as to when it will happen and the timeline.

. . . .”

Please note that the above-quoted article is accurate, except for the part that states:

“Jolliville Holdings Corporation of businessman Jolly Ting is planning to relist its water and hydropower business assets at the Philippine Stock Exchange after these were spun off a listed subsidiary and used as a backdoor listing vehicle of Udenna’s gaming and tourism businesses."

The water and hydropower business remain to be subsidiaries of Jolliville Holdings Corporation and neither were involved with the backdoor listing vehicle of Udenna's gaming and tourism business.

We trust this clarifies the news article. Thank you very much.

Other Relevant Information

-

Filed on behalf by:
Name Ortrud Yao
Designation Chief Financial Officer/ Treasurer/ Asst. Corporate Secretary