C06973-2026

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)
Sep 23, 2026
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) 1,120,700,644
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

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 VND 2.3 trillion (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%.
Date of Approval by
Board of Directors		 Sep 23, 2026
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction

The transaction follows the Group’s stated approach to portfolio management: build a business, scale it, and optimize ownership once it is mature enough to attract external capital at an attractive valuation. Expected benefits to the Issuer include:

1. Value crystallization — an arm’s-length, externally validated price for the Vietnam coffee platform at USD 800 million implied equity value, validating value creation since 2011 and providing a tangible reference value ahead of the planned listing of the Group’s international business.

2. Capital released — USD 88 million in cash returns to the balance sheet, to be applied to debt reduction, reinvestment in other high-growth platforms and shareholder returns, consistent with the Group’s stated capital allocation priorities.

3. Deeper local ownership — concentrating ownership with VTI, the partner closest to the market, deepens Vietnamese ownership of a brand built in Vietnam for Vietnamese consumers, ahead of a domestic listing.

4. Continued participation in future growth — the Group retains a 49% economic interest in a platform delivering high double-digit revenue growth and best-in-class store-level profitability and payback.
Details of the acquisition or disposition
Date Sep 23, 2026
Manner

Execution of a Master Share Purchase Agreement for the sale by JSF Investments Pte. Ltd. of its 11% equity interest in SF Vung Tau Joint Stock Company to Viet Thai International Joint Stock Company for cash consideration, payable over an agreed period following completion, with a capped upward price adjustment based on the value of the shares during such period.
Description of the company to be acquired or sold

SF Vung Tau Joint Stock Company (“SFVT”) is the holding entity of the Highlands Coffee business in Vietnam.
The terms and conditions of the transaction
Number of shares to be acquired or disposed 1,460,938
Percentage to the total outstanding shares of the company subject of the transaction 11
Price per share VND1.6 million (approximately USD60.24)
Nature and amount of consideration given or received

VND 2.3 trillion (approximately USD 88 million)
Principle followed in determining the amount of consideration

Basis of consideration: a multiples-based valuation anchored on standard valuation methodologies, normalized EBITDA, and the company's growth profile.
Terms of payment

VND 2.3 trillion (approximately USD 88 million) in cash, payable over an agreed payment period following completion and supported by agreed payment protections, with an upward adjustment linked to the value of the shares over that period, subject to an agreed cap.
Conditions precedent to closing of the transaction, if any

Customary conditions precedent, including regulatory clearances and shareholder consents.
Any other salient terms

Not applicable.
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
Viet Thai International Joint Stock Company (VTI) is a Vietnam-based consumer marketing and retail company founded by David Thai in 1998. VTI is the buyer under the Share Purchase Agreement. VTI is the founding shareholder of Highlands Coffee and has been the Jollibee Group’s joint venture partner in SFVT since 2011, currently holding a 40% interest (increasing to 51% following completion). Mr. David Thai, VTI’s founder, serves as Founder and Chief Executive Officer of Highlands Coffee.
Effect(s) on the business, financial condition and operations of the Issuer, if any

Ownership after completion in SFVT (and in Highlands Coffee): Jollibee Group 49%; VTI 51%.
Other Relevant Information

Please see attached.
Filed on behalf by:
Name VALERIE AMANTE
Designation Global Chief Legal, Ethics, and Compliance Officer Jollibee Group