NOTICE

Subject	Balai Ni Fruitas, Inc.: Initial Public Offering – Preliminary Terms and Conditions
Company Name	Balai Ni Fruitas, Inc.
Mode of Listing	Initial Public Offering (SME B

Security Details
Type of Security	Stock Symbol	Par Value
Common Shares	BALAI	Php 0.05

Issued Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
BALAI	Common Shares	1,170,005,000	Up to 1,495,005,000

Outstanding Shares (Pre and Post-Offer)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
BALAI	Common Shares	1,170,005,000	Up to 1,495,005,000

Treasury Shares (Pre and Post-Offer) (if applicable)
Stock Symbol	Type of Shares	Number of shares Pre-Offer	Number of shares Post-Offer
-	-	-	-

Primary Offer Shares
Stock Symbol	No. of Shares
BALAI	Up to 325,000,000

Secondary Offer Shares (if applicable)
Stock Symbol	No. of Shares
BALAI	Up to 50,000,000

Total Firm Offer Shares
Stock Symbol	No. of Shares
BALAI	Up to 375,000,000

Over-Allotment or Oversubscription Option Shares (if applicable)
Stock Symbol	No. of Shares
BALAI	Up to 37,500,000

Total Shares Applied for Listing
Stock Symbol	No. of Shares
BALAI	Up to 1,495,005,000

Offer Price	Up to Php 0.75
Market Capitalization (Post-IPO)	Up to Php 1,121,253,750
TP Allocation	Up to 75,000,000 common shares equivalent to up to Php 56,250,000.00
Allocation per TP	Up to 600,000 common shares equivalent to up to Php 450,000.00
LSI Allocation	Up to 37,500,000 common shares equivalent to up to Php 28,125,000.00
Estimated Public Float (with Overallotment/Oversubscription)	27.59%
Estimated Public Float (without Overallotment/Oversubscription)	25.08%

Total Shares Under Escrow
Stock Symbol	No. of Shares	Duration of Lock-up
BALAI	1,082,503,000	1 year

Parties to the Offer
Function	Name of the Party
Issue Manager, Underwriter and Bookrunner	First Metro Investment Corporation
Legal Counsel to the Company	Picazo Buyco Tan Fider & Santos Law
Legal Counsel to the Issue Manager, Underwriter and Bookrunner	Martinez Vergara & Gonzalez Sociedad
Selling Agents	PSE Trading Participants

Stock Transfer Agent	PNB Trust Banking Group
Receiving Agent	PNB Trust Banking Group
Escrow Agent	PNB Trust Banking Group
External Auditor	Reyes Tacandong & Co.
Price-Setting Date	Jun 14, 2022
Start of Offer Period	Jun 17, 2022
End of Offer Period	Jun 23, 2022
Tentative Listing Date	Jun 30, 2022
Corporate Website Hyperlink to the Prospectus	TBD

Other Relevant Information
The Exchange approved the application of Balai Ni Fruitas, Inc. (“BALAI” or the “Company”) for the initial listing of up to 1,495,005,000 common shares, with a par value of Php0.05 per share, under the Small, Medium and Emerging Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”). The IPO of the Company, with an Offer Price of up to Php 0.75 per share, consists of the following: 1. Primary Offering. Up to 325,000,000 common shares will be issued and offered to the public on a primary basis; 2. Secondary Offering. Up to 50,000,000 common shares will be issued and offered to the public on a secondary basis by Fruitas Holdings, Inc. (“FRUIT” or the “Selling Shareholder”); and 3. Over-allotment Option Shares. Up to 37,500,000 secondary common shares (the “Option Shares”) to be offered by the Selling Shareholder. Attached is a copy of the signed Preliminary Offer Terms Sheet. The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed. The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange. This Notice is being amended to correct the start of the Offer Period from May 17, 2022 to June 17, 2022. The Exchange will advise the investing public of further developments on the IPO of the Company. For your information and guidance.

Other Relevant Information

The Exchange approved the application of Balai Ni Fruitas, Inc. (“BALAI” or the “Company”) for the initial listing of up to 1,495,005,000 common shares, with a par value of Php0.05 per share, under the Small, Medium and Emerging Board of the Exchange, which includes the shares subject of the Company’s Initial Public Offering (“IPO” or “Offer”).

The IPO of the Company, with an Offer Price of up to Php 0.75 per share, consists of the following:

1. Primary Offering. Up to 325,000,000 common shares will be issued and offered to the public on a primary basis;

2. Secondary Offering. Up to 50,000,000 common shares will be issued and offered to the public on a secondary basis by Fruitas Holdings, Inc. (“FRUIT” or the “Selling Shareholder”); and

3. Over-allotment Option Shares. Up to 37,500,000 secondary common shares (the “Option Shares”) to be offered by the Selling Shareholder.

Attached is a copy of the signed Preliminary Offer Terms Sheet.

The total Shares Under Escrow indicated above are based on the assumption that the Over-Allotment Option Shares are fully subscribed.

The Exchange’s approval of the conduct of the IPO and listing of the Company’s shares is subject to its compliance with all of the post-approval conditions and requirements of the Exchange.

This Notice is being amended to correct the start of the Offer Period from May 17, 2022 to June 17, 2022.

The Exchange will advise the investing public of further developments on the IPO of the Company.

For your information and guidance.

Filed on behalf by:

Name	Norberto Moreno Jr.
Designation	Listings Department