| C06972-2026 |
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Jollibee Foods CorporationJFC| Subject of the Disclosure |
|---|
Jollibee Group Crystallizes Value in Vietnam; Highlands Coffee's Vietnamese Founder to Acquire Control |
| Background/Description of the Disclosure |
Jollibee Foods Corporation (PSE: JFC) today announced that its wholly owned subsidiary, JSF Investments Pte. Ltd., has entered into a Share Purchase Agreement to sell an 11% interest in SF Vung Tau Joint Stock Company, the holding company of Highlands Coffee, to Viet Thai International Joint Stock Company (VTI) for total cash consideration of VND2.3 trillion (equivalent to approximately USD 88 million), plus adjustments. The transaction values the Vietnam coffee platform at an implied 100% equity value of USD 800 million, representing a substantial premium to the carrying value of the investment in the Jollibee Group's books. Upon completion, the Jollibee Group will hold a 49% interest in Highlands Coffee, while VTI will hold 51%. |
| Other Relevant Information |
Please see attached Press Release. |
| Name | VALERIE AMANTE |
|---|---|
| Designation | Global Chief Legal, Ethics, and Compliance Officer Jollibee Group |