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)

Jul 29, 2024

2. SEC Identification Number

77487

3. BIR Tax Identification No.

000-388-771

4. Exact name of issuer as specified in its charter

JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

(632) 8634-1111

9. Former name or former address, if changed since last report

N/A

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	1,120,871,517
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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
JFC Announces Withdrawal of Offer of Preferred Shares
Background/Description of the Disclosure
Jollibee Foods Corporation (JFC), one of the largest food service companies in the world, announced today that it is withdrawing its application to offer and list up to 8,000,000 preferred shares, which it filed with the Securities and Exchange Commission and The Philippine Stock Exchange, Inc. in June 2024, and as publicly disclosed in its Preliminary Offer Supplement dated 27 June 2024, as posted on its website. JFC Chief Financial Officer, Richard Shin said, “Following careful consideration of all relevant factors and in the interest of achieving the best value for our shareholders, we have made the decision to withdraw our previously announced public offering of Series C Preferred Shares. We will explore other capital raising opportunities, focused on shareholder value and optimization of our capital structure.” The proceeds from the Series C Preferred Shares were earmarked for refinancing of JFC’s Series A Preferred Shares. However, JFC believes that the additional funding that would have come from the public offer of the Series C Preferred Shares would no longer be needed for the refinancing of the Series A Preferred Shares due primarily to the strong profit performance and cash flow generation of its Philippine business. Other factors considered by JFC in its decision to withdraw its public offering of the Series C Preferred Shares are: (i) its plan to reduce its Php23 billion CAPEX budget for 2024 by at least 20%; (ii) rate cuts expected to occur later in the year would allow JFC to obtain more beneficial bank loans at floating interest rates; and finally, (iii) the profit-accretive contribution from the consolidation of Compose Coffee. JFC expects these factors and considerations will improve its flexibility in its funding and in increasing its leverage position. As a result of the withdrawal, no Series C Preferred Shares will be offered or sold by JFC.
Other Relevant Information
Please see attachment.