C06523-2024

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)
Oct 14, 2024
2. SEC Identification Number
CS201811119
3. BIR Tax Identification No.
010-061-026-000
4. Exact name of issuer as specified in its charter
FIGARO COFFEE GROUP, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
116 East Main Avenue, Phase V-SEZ Laguna Technopark, Binan Laguna Postal Code 4034
8. Issuer's telephone number, including area code
(632) 8812-1718
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 Shares 5,468,455,298
11. Indicate the item numbers reported herein
n/a

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.

Figaro Coffee Group, Inc.FCG

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 on news article entitled "Brewing a New Identity: Jerry Liu rebrands Figaro Group to reflect diversity and growth ambitions of its expanding portfolio” posted on Bilyonaryo.com. (online)
Source Bilyonaryo (Online Edition)
Subject of News Report "Brewing a New Identity: Jerry Liu rebrands Figaro Group to reflect diversity and growth ambitions of its expanding portfolio”
Date of Publication Oct 13, 2024
Clarification of News Report

This refers to the request of the PSE received by Figaro Coffee Group, Inc. (“FCG” or the “Company”) today, 14 October 2024, to clarify the news article entitled, “"Brewing a new identity: Jerry Liu rebrands Figaro Group to reflect diversity and growth ambitions of its expanding food portfolio” posted in Bilyonaryo.com, which reported in part that:

“Tech bilyonaryo Jerry Liu has changed the corporate name of his food business which has evolved far beyond its coffee shop roots. The Figaro Coffee Group (FCG) board has approved a name change to Figaro Culinary Group.
“The board has determined that it is in the best interest of the company to change its corporate name to better reflect its strategic vision and broaden its brand identity,’ FCG said.

“The proposed new name will outline the company’s commitment to quality and innovation as it expands its offerings to include a wide range of culinary products and experiences,” it added.

. . .

In January, Monde Nissin, led by bilyonaryo Betty Ang, acquired a 15 percent stake in FCG. Liu is now looking to sell an additional 20 percent to raise funds for further expansion.”

The PSE requested for clarification on the information in the above-quoted news article, including, but not limited to, the planned sale of an additional 20 percent of FCG for future expansion, the effect of the same on the Company’s business and operations, and other relevant information in connection therewith.

The Company confirms the information in the above-quoted news article. As reported by the Company on 10 October 2024, FCG’s Board of Directors approved the amendments to FCG’s Articles of Incorporation and By-Laws to change the corporate name from “Figaro Coffee Group, Inc.” to “Figaro Culinary Group, Inc.”, subject to the approval of FCG’s stockholders and the Securities and Exchange Commission. Further, with regard to the planned sale of an additional 20 percent of FCG for future expansion, as reported by the Company in its previous disclosures, the Company’s Board of Directors and stockholders, on 12 October 2023 and 06 December 2023, respectively, approved (i) the proposed investments of potential third-party investors or various investors to approximately up to 20% of the Company’s outstanding common shares through the issuance of primary common shares out of the existing authorized capital stock of the Company, and (ii) the proposed conduct of a follow-on/public offering of either common shares or preferred shares of the Company, intended to be conducted within the next three years, to raise additional capital to fund future store openings and expansion. As previously cited by the Company, the details, terms and conditions under these proposed investments and offering have yet to be determined.

We trust that the Company has clarified the above news article.
Other Relevant Information

Please attached SEC 17-C.

Please refer to C07457-2023 dated 13 October 2023, C08572-2023 dated 07 December 2023, and C06480-2024 dated 11 October 2024, for further details.
Filed on behalf by:
Name Jose Petronio Vicente III Español
Designation Treasurer, Chief Finance Officer, Chief Risk Officer