C00248-2025

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.

Balai Ni Fruitas Inc.BALAI

PSE Disclosure Form 4-29 - Disbursement of Proceeds and Progress Report References: Memorandum No. 626 - 2007 dated December 20, 2007
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Annual Progress Report on the Disbursements of Initial Public Offering Proceeds
Background/Description of the Disclosure

Balai Ni Fruitas Inc. (“Company”) submits this report on the use of proceeds realized from the Initial Public Offering (“Offer”) of 325,000,000 common shares at an offer price of Php 0.70 per share on June 30, 2022 with the total Offer proceeds of Php 227,500,000.

For the year ended December 31, 2024, the company has a total disbursement of Php 39,103,437.00, which was used for store network expansion, store improvement and commissary set-up and introduction of new concepts and potential acquisition. While remaining proceeds as of report date amounts to Php 68,728,776.00.
Other Relevant Information

In compliance with the disclosure requirements of the Philippines Stock Exchange, Inc., we are pleased to submit the following;

1. Summary of application of Proceeds from the Initial Public Offering as of December 31, 2024.

2. Certification of Reyes Tacandong and Co. on the accuracy of information provided in relation to progress report.
Filed on behalf by:
Name RALPH HECTOR ADRICULA
Designation COMPLIANCE OFFICER