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)

Aug 9, 2021

2. SEC Identification Number

0000086335

3. BIR Tax Identification No.

000-417-352-000

4. Exact name of issuer as specified in its charter

Monde Nissin Corporation

5. Province, country or other jurisdiction of incorporation

Laguna, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Felix Reyes Street, Barangay Balibago, City of Santa Rosa, Laguna Postal Code 4026

8. Issuer's telephone number, including area code

+63277597595

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	17,968,611,496

11. Indicate the item numbers reported herein

Item 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.

Monde Nissin CorporationMONDE

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Approval of Monde Nissin Corporation's Board of Directors of change in use of IPO Proceeds
Background/Description of the Disclosure
Monde Nissin Corporation’s (“Monde Nissin” or the “Company”; PSE stock symbol: MONDE) board of directors has approved, in its regular meeting today, August 9, 2021, the change in use of IPO proceeds, previously earmarked for capital expenditures, to pay down the majority of the remaining term loans of Php 15.6 bn, resulting in interest expense savings of approximately Php 700mn assuming interest rates remain at current levels. This action was done to avoid the significant negative carry associated with large cash balances as these have substantially lower investment returns than the interest payments on the outstanding debt. The Board confirms that there is no change in the capital expenditure plans as stipulated in the IPO Prospectus, amounting to Php 26.5bn or 57.2% of the net proceeds, and considers that the above change in the use of net proceeds is in the best interests of the Company and its shareholders.
Other Relevant Information
Please see attached Press Release