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Company’s Policies

The Company implements and upholds the following policies:

Conflict of Interest Policy

In business dealings with outside parties, the Company takes steps toward ensuring that it is not subject to any
actual or apparent conflict of interest. Dealings with suppliers and service providers are observed in an impartial
manner, without favour or preference, other than the best interest of the Company.

Absence of conflict of interest is among the qualifications considered by the Nomination Committee to determine the
final list of candidates for directorships in the Board of Directors. The Company also has internal policies on conflict of interest which apply to senior management and to all employees.

Material Related Party Transactions Policy

It is the policy of Jollibee Foods Corporation (the “Company”) to uphold the integrity and transparency of related party transactions.[1] The Company shall conduct all material related party transactions, as defined under this Policy, on an arm’s length basis, in such manner that will inure to the best interest of the Company and its stakeholders and in compliance with existing laws, rules and regulations. Related party transactions shall be disclosed, reviewed and approved in accordance with this Policy, and any amendments thereto, consistent with
the principles of transparency and fairness.


Insider Trading Policy

The Company observes the statutory rules and regulations pertaining to prohibition against insider trading. The
Company submits the required reports to the regulatory agencies within three (3) business days from date of
purchase or sale of Company’s shares by its directors or officers. Trading in the Company’s shares is prohibited two
(2) trading days from submission of the Company’s disclosures. In practice, the trading prohibition is observed after
the Board meeting approving the matter or after the disclosure (whichever is earlier).

Employee-Related Welfare and Benefits Policy

In addition to statutorily required benefits, employees are provided with healthcare benefits. The Company requires
its employees to undergo internal training and encourages external training as and when related to an employee’s
functions. Employees are provided with all benefits required under the law.

Whistle-blowing Policy

The Company endeavours to maintain the highest standards of business ethics, as well as full compliance with all
relevant laws, rules and regulations. As such, it ensures that a system is in place which will enable all stakeholders
to submit reports, complaints or any other information regarding any fraudulent, illicit or unethical activity in an
anonymous and confidential manner, without fear of reprisal.

Dividend Policy

The Company declares dividends on a semi-annual basis and upon approval by the Board of Directors. The Jollibee
Group has a cash dividend policy of declaring one-third of the Jollibee Group’s net income for the year as cash
dividends. It uses best estimate of its net income as basis for declaring cash dividends.