C06813-2020

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)
Sep 28, 2020
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) 83733038
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 4-32 - Reply to Exchange's Query

Subject of the Disclosure

Reply to Exchange's Query per correspondence dated 25 September 2020

Description of the Disclosure

Reply to Exchange's Query on additional information related to JOH's disclosure dated 24 September 2020 with regard to the Cessation of Granville Ventures Inc. as a subsidiary of JOH

Information Requested

As requested by the Philippine Stock Exchange, we provide below additional Information about Granville Ventures Inc. and its Cessation as JOH's subsidiary:

1. Reason why the Company will not subscribe to additional shares of Granville Ventures, Inc. (“GVI”);

Answer: The Company has limited resources at this time and cannot maintain its current ownership interest in GVI following the latter's capital call.

2. Background of GVI’s business and operations, assets or properties under its name;

Answer: GVI is a preoperating company that was incorporated on March 19, 2001, with an initial authorized capital stock of ₱1.0 million divided into 1 million common shares, with a par value of ₱1 per share. To date, Five Hundred Thousand (500,000) common shares are subscribed and fully paid. GVI has not engaged in active business since its incorporation. Currently, GVI has a total asset of ₱274,075. Investment property is valued at ₱103,757 representing preliminary expenses to acquire a property under its name.

3. Impact on JOH’s consolidated financial statements of the non-inclusion of GVI’s financials; and

Answer: Once GVI ceases to be a subsidiary of JOH, consolidated net assets will be reduced by ₱236,904, net of liabilities amounting to ₱37,171 only.

4. Any other relevant information as you may deem necessary.

Answer: None

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