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)

Jan 6, 2025

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 Shares (JFC)	1,119,090,609
Preferred Shares (JFCPB)	9,000,000
Treasury Shares - Common	16,447,340
Treasury Shares - Preferred (JFCPA)	3,000,000

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 4-2 - Acquisition/Disposition of Shares of Another Corporation
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Milksha to invest in leading Chinese wellness soup brand in Taiwan
Background/Description of the Disclosure
Milkshop International Co., Ltd. (“Milksha”) (51% owned subsidiary of Jollibee Foods Corporation) has signed an agreement to make a strategic investment of securing 70% stake in Tien Hsia Sheng Co., Ltd. (Moon Moon Food).

Date of Approval by Board of Directors	Jan 6, 2025

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

Milksha is an alternative healthy beverage brand under the Tea segment which gives JFC the opportunity to participate in the fast-growing beverage category globally. This strategic move reinforces Milksha’s position as a leader in the Tea segment in Taiwan by accretively integrating Moon Moon Food’s resources and complementary offerings to enhance ability to meet evolving customer needs, further strengthening scale, valuation and expanding consumer base of Milksha.

Details of the acquisition or disposition

Date	Jan 6, 2025

Manner
Execution of share sale and purchase agreement
Description of the company to be acquired or sold
Moon Moon Food is renowned as the “Leading Brand in Chinese Wellness Soups,” Moon Moon Food Food is a highly popular restaurant brand in Taiwan, recognized by the Michelin Bib Gourmand for seven consecutive years (2018 to present). Moon Moon Food currently operates a profitable business with 13 outlets in Taiwan and opened its first international branch in Singapore in 2024.

The terms and conditions of the transaction

Number of shares to be acquired or disposed	980,000
Percentage to the total outstanding shares of the company subject of the transaction	70
Price per share	Cash consideration of NT$105.92

Nature and amount of consideration given or received
NT$103.8 million
Principle followed in determining the amount of consideration
Multiples-based valuation anchored on FY23 net profit after tax of Moon Moon Food
Terms of payment
Payment shall be made upon completion of the relevant conditions precedent to the closing of the transaction.
Conditions precedent to closing of the transaction, if any
The transaction is subject to standard conditions precedent.
Any other salient terms
None

Identity of the person(s) from whom the shares were acquired or to whom they were sold

Name	Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates
Milkshop International Co., Ltd. (Milksha) - Buyer	Buyer is a majority owned subsidiary of Jollibee Foods Corporation (through Jollibee Worldwide Pte. Ltd.)
Yung-Cheng Lai and Hsin-Ning Lo - Sellers	N/A

Effect(s) on the business, financial condition and operations of the Issuer, if any
Once the transaction is completed, Tien Hsia Sheng Co., Ltd. (Moon Moon Food) shall be consolidated into Milksha’s portfolio and financial reports. Correspondingly, JFC will take on 51% of any acquisition impact to Milksha.
Other Relevant Information
Yung-Cheng Lai, Moon Moon Food Founder and CEO, will retain ownership of the 30% minority interest in Tien Hsia Sheng Co., Ltd. (Moon Moon Food).