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 27, 2018

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

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 1807

8. Issuer's telephone number, including area code

(632) 634-1111

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	1,087,012,031
TREASURY	16,447,340

11. Indicate the item numbers reported herein

Item 9. Other Events

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 4-22 - Joint Ventures References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
JFC and Panda Restaurant Group, Inc. to bring PANDA EXPRESS to the Philippines
Background/Description of the Disclosure
Jollibee Foods Corporation (JFC), the largest Asian food service company, and Panda Restaurant Group, Inc. (“Panda”), America’s largest family-owned and operated Chinese American restaurant concept, announced the establishment of a 50/50 joint venture to bring Panda Express restaurants to the Philippines.

Date of Approval by Board of Directors	Sep 27, 2018
Date of Approval by Stockholders, if applicable	N/A

Description and nature of the transaction including the timetable for implementation, and related regulatory requirements
JFC and Panda announced the establishment of a 50/50 joint venture to bring Panda Express restaurants to the Philippines. In its initial phase, the two industry leaders intend to focus on developing five stores in Metro Manila.

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

With proven track records in providing great tasting food at a great value, JFC and Panda join hands to introduce American Chinese food, a globally-influenced cuisine inspired by authentic Chinese culinary principles, to the Philippines. The two restaurant giants aim to deliver exceptional dining experiences through their shared foundation and commitment to their dedicated employees, loyal guests, and great operations.

Terms and conditions of the joint venture

Amount of investment and/or interest by the parties involved
• 50% JFC; 50% Panda • The JV Company will initially have an authorized capital stock of the Philippine Peso equivalent of USD 5 Million and will initially focus on developing 5 Panda Express restaurants in Metro Manila.
Provisions on profit-sharing, arrangements on management and operations
Profit sharing shall be in accordance to the 50/50 ownership. The JV Company shall have its own management with JFC providing support.
Conditions precedent to closing of transaction, if any
None.
Other salient features of the joint venture agreement
Obligation to comply with regulatory requirements.

Identity and/or corporate background of the parties to the transaction, including the following

Name	Nature of Business	Nature of any material relationship with the Issuer, their directors/officers or any of their affiliates
Jollibee Foods Corporation (Issuer)	Food and Beverage/Quick Service Restaurant	Not applicable
Panda Restaurant Group, Inc.	Panda, world leader in Asian dining experiences, is America’s largest family-owned and operated Chinese American restaurant concept.	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
With proven track records in providing great tasting food at a great value, JFC and Panda join hands to introduce American Chinese food, a globally-influenced cuisine inspired by authentic Chinese culinary principles, to the Philippines. The two restaurant giants aim to deliver exceptional dining experiences through their shared foundation and commitment to their dedicated employees, loyal guests, and great operations. Long-term, Panda Express has a high potential for broad acceptance across the country.
Other Relevant Information
Please see attachment.