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)

Jul 29, 2021

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	1,109,566,917
Treasury	16,447,340

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

Subject of the Disclosure
Jollibee to Enter West Malaysia
Background/Description of the Disclosure
JFC through its wholly owned subsidiary, Golden Plate Pte. Ltd. (GPPL), and Beeworks Investment Pte. Ltd. (BIPL) will form a private company limited by shares under the laws of Malaysia (the JV) which will own and operate the Jollibee stores in West Malaysia

Date of Approval by Board of Directors	Jul 29, 2021
Date of Approval by Stockholders, if applicable	N/A

Description and nature of the transaction including the timetable for implementation, and related regulatory requirements
The Joint Venture Agreement (the JVA) was executed on July 29, 2021. Afterwards, the incorporation of the JV shall commence. Once the JV has been incorporated, Jollibee Worldwide Pte. Ltd. and the JV will sign the License Agreement for the operation of Jollibee outlets in West Malaysia.

Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction
The JV will facilitate Jollibee’s entry into West Malaysia and is an excellent opportunity to introduce the Jollibee brand to the West Malaysian market.

Terms and conditions of the joint venture

Amount of investment and/or interest by the parties involved
The JV will be 30% owned by GPPL and 70% owned by BIPL. The parties will invest up to USD 8 Million which is the estimated working capital to fund the first 2 years of operation of the JV. Out of this amount, USD 2.4 million will be contributed by GPPL in proportion to its ownership in the business.
Provisions on profit-sharing, arrangements on management and operations
The JV will be 30% owned by GPPL and 70% owned by BIPL.
Conditions precedent to closing of transaction, if any
The JV company will be incorporated in Malaysia.
Other salient features of the joint venture agreement
N/A

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 and the parties to the joint venture, their directors/officers or any of their affiliates
Golden Plate Pte. Ltd.	Investments	Wholly owned subsidiary of JWPL
Beeworks Investment Pte. Ltd.	Investments	None

Effect(s) on the business, financial condition and operations of the Issuer, if any
The JV will facilitate Jollibee’s entry into West Malaysia and is an excellent opportunity to introduce the Jollibee brand to the West Malaysian market.
Other Relevant Information
Please see attached Press Release.