C07323-2026

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)
Oct 9, 2026
2. SEC Identification Number
CS200319138
3. BIR Tax Identification No.
227-409-243-000
4. Exact name of issuer as specified in its charter
ALLIANCE SELECT FOODS INTERNATIONAL, INC.
5. Province, country or other jurisdiction of incorporation
Pasig City, NCR, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Suite 3104 A West Tower PSEC Exchange Rd., Ortigas Business District, Pasig City, Philippines Postal Code 1605
8. Issuer's telephone number, including area code
(02) 8637 8800
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 Stock 2,499,712,463
11. Indicate the item numbers reported herein
Item No. 9

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.

Alliance Select Foods International, Inc.FOOD

PSE Disclosure Form QR-1 - Quasi-Reorganization References: Rules on Quasi-Reorganization
SRC Rule 17 (SEC Form 17-C)

Subject of the Disclosure

Equity Restructuring of FOOD
Background/Description of the Disclosure

At the Special Meeting held on 2 September 2026, the Board of Directors of Alliance Select Foods International, Inc. (the “Corporation”) approved the following matters:

Equity Restructuring and Reduction in Par Value
Subject to stockholders’ and regulatory approvals, an equity restructuring involving the reduction of the par value of the Corporation’s common shares from Php0.50 per share to Php0.10 per share through a decrease in authorized capital stock, as follows:

From: One Billion Five Hundred Million Pesos (Php1,500,000,000.00) divided into Three Billion (3,000,000,000) common shares with a par value of Fifty Centavos (Php0.50) per share.

To: Three Hundred Million Pesos (Php 300,000,000.00) divided into Three Billion (3,000,000,000) common shares with a par value of Ten Centavos (Php0.10) per share.

The equity restructuring is intended to strengthen the Corporation’s financial position, address its accumulated deficit, and provide additional capacity for future equity funding.

Application of Additional Paid-In Capital Against Accumulated Deficit
Subject to stockholders’ and regulatory approvals and applicable accounting requirements, the reduction in the par value of the Corporation’s common shares from Php0.50 to Php0.10 per share will result in additional paid-in capital (“APIC”) of approximately US$21.4 million, which will be applied against the Corporation’s accumulated deficit as part of the equity restructuring.

The application of the resulting APIC against the accumulated deficit is intended to improve the Corporation’s capital structure and financial flexibility.

Amendment of the Articles of Incorporation
Subject to stockholders’ and regulatory approvals, the Corporation’s Articles of Incorporation shall be amended to reflect the approval of the decrease in the par value of its common shares from Php0.50 to Php0.10 per share.

As a result of the reduction in par value, the Corporation’s authorized capital stock of Php1.5 billion will be decreased to Three Hundred Million Pesos (PhP300mn) divided into 3 billion common shares with a par value of Php0.10 per share, from the present 3 billion common shares with a par value of Php0.50 per share.

Increase in Authorized Capital Stock
Subject to stockholders’ and regulatory approvals, the Corporation’s Articles of Incorporation shall be subsequently amended to reflect the approval of an increase in authorized capital stock from Three Hundred Million Pesos (PhP300,000,000) to One Billion Five Hundred Million Pesos (PhP1,500,000,000) divided into Fifteen Billion (15,000,000,000) common shares with par value of PhP0.10 per share.

Private Placement/ Subscription by Strongoak, Inc.
Subject to stockholders’ and regulatory approvals, Strongoak, Inc., the Corporation’s parent company, shall subscribe to Six Billion (6,000,000,000) common shares of the Corporation at a subscription price of Php0.11 per share, for an aggregate subscription price of Php660 million, in support, and to be issued out, of the increase in the authorized capital stock.

Following the issuance of the subscription shares, the Corporation will have approximately 8.5 billion issued and outstanding common shares, with approximately 6.5 billion authorized but unissued common shares remaining available for future issuance.

Additional Listing of Subscription Shares
Subject to the requisite stockholders’ and regulatory approvals and completion of the aforesaid subscription, the Corporation shall apply with the Philippine Stock Exchange and other relevant regulatory agencies, as may be necessary, for the additional listing of the Six Billion (6,000,000,000) common shares to be issued to Strongoak, Inc. pursuant to the subscription.

Special Stockholders’ Meeting
The Board likewise approved the holding of a Special Stockholders’ Meeting for the purpose of submitting the foregoing matters requiring stockholders’ approval for their consideration and approval.
Date of Approval by Board of Directors Sep 2, 2026
Date of Approval by Stockholders TBA
Date of Approval by Securities and Exchange Commission TBA
Rationale for quasi-reorganization

The additional funds will enable the Company to pare down its existing debt, reduce leverage and interest costs, finance medium-term growth, and fund selected capital expenditures.
Amount of deficit that will be eliminated USD21,430,905

Adjustment(s) on the following

Authorized Capital Stock (ACS)
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD P1,500,000,000.00 P1,200,000,000.00 P1,200,000,000.00 P1,500,000,000.00
Issued Shares
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD 2,500,000,000 0 6,000,000,000 8,500,000,000
Outstanding Shares
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD 2,499,712,463 0 6,000,000,000 8,499,712,463
Listed Shares
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD 2,500,000,000 0 6,000,000,000 8,500,000,000
Treasury Shares
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD 287,537 0 0 287,537
Par Value
Type of Security / Stock Symbol Before Capital Restructuring (current) Decrease in ACS Increase in ACS After Capital Restructuring
FOOD 0.50 0.40 0 0.10

Movement in the total stockholders' equity account

ACS
Type of Security /Stock Symbol Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
FOOD P1,500,000,000.00 P1,200,000,000.00 0 P300,000,000.00 0 P1,200,000,000.00 P1,500,000,000.00
Issued and Outstanding Shares
Type of Security /Stock Symbol Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
FOOD 2,500,000,000 - - 2,500,000,000 - 6,000,000,000 8,500,000,000
Treasury Shares
Type of Security /Stock Symbol Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
FOOD 287,537 - - 287,537 - - 287,537
Additional Paid-In Capital
Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
$1,486,546 $21,430,905 $21,458,711 $1,514,352 - - $1,514,352
Deficit
Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
$21,430,905 - $21,430,905 0 - - 0
Total Stockholders' Equity
Beginning Balance Entries to record the decrease in ACS Balance after decrease in ACS Entries to record the increase in ACS Balance after increase in ACS
Dr Cr Dr Cr
P1,249,856,231.50 P999,884,985.20 - P249,971,246.30 - - P249,971,246.30
Proposed timetable of the quasi-reorganization that includes the following
Expected date of filing the amendments to the Articles of Incorporation with the SEC TBA
Expected date of SEC approval of the Amended Articles of Incorporation TBA

Procedure(s) for updating stock certificates

Details of Stock Transfer Agent
Name Stock Transfer Service, Inc.
Address 6784 D. Rufino Tower, Ayala Avenue, Makati City, Metro Manila, Philippines
Contact Person Mr. Richard D. Regala
Inclusive dates when the old stock certificates can be replaced
Start Date TBA
End Date TBA
Documentary requirements
Individual Shareholders

-
Corporate Shareholders

-
Date of availability of new stock certificates TBA
Procedures in case of lost stock certificates

-
Other Relevant Information

Figures and information reported herein are based on the cut-off date of June 30, 2026. The financial statements as of and for the period ended June 30, 2026 are currently undergoing audit and are expected to be completed on or about September 22, 2026.
Par Value, Authorized Capital Stock, Total Stockholders' Equity, and Treasury Shares are reported in Philippine Peso (¿), while Additional Paid-in Capital (APIC) and Deficit are reported in United States Dollar (US$). APIC and Deficit are reported in US Dollars to be consistent with FOOD's financial statements and reports. As a multinational company with global operations, FOOD uses the US Dollar as its functional and reporting currency.
The exchange rate used is based on the share capital conversion rate adopted when FOOD's financial reports were first presented in US Dollars, at Php46.60 to US$1.00.

This disclosure is amended to include the statement regarding the ongoing audit of the Company’s financial statements and the expected completion thereof on or about September 22, 2026.

This disclosure is subsequently amended to reflect the proposed increase in the Company's listed shares from 2,500,000,000 shares to 8,500,000,000 shares. The additional 6,000,000,000 common shares will be issued from the proposed increase in the Company's Authorized Capital Stock and subscribed to pursuant to the proposed private placement. The listing of the additional 6,000,000,000 common shares is subject to the approval of the stockholders of the Company and The Philippine Stock Exchange, Inc. (PSE).

This disclosure is subsequently amended to reflect the following revised figures based on the Company's Audited Financial Statements for the six-month period ended June 30, 2026:

(a) Deficit: US$21,430,905, instead of US$21,289,493; and

(b) Ending Additional Paid-In Capital (APIC): US$1,514,352, instead of US$1,655,764..

Attached for reference are the Company's Audited Financial Statements for the six-month period ended June 30, 2026, which supersede and replace the following documents previously attached to the disclosure:

(a) ASFII Parent Balance Sheet; and

(b) Schedule of Monthly Unaudited Retained Earnings (Computation of Deficit) as of June 30, 2026.
Filed on behalf by:
Name Maria Resa Celiz
Designation Assistant Corporate Secretary and Chief Compliance Officer