Jollibee Foods Corporation

Our Business

Jollibee Foods Corporation’s (“JFC” or the “Company”) core business is the development, operation and franchising of its quick-service restaurant brands. It offers a wide variety of affordable and delicious dishes and great tasting food prepared to satisfy customers of all ages and from all walks of life.

Food quality, service, price-value relationship, store location and ambience, and efficient operations continue to be critical elements of the Company’s success in the quick-service restaurant industry.

Our Company

JOLLIBEE FOODS CORPORATION doing business under the name and style of Jollibee (formerly Jollibee Foods Corporation) was incorporated in the Philippines and registered with the Philippine Securities and Exchange Commission (SEC) on January 11, 1978. The Parent Company and its subsidiaries (collectively referred to as “the Jollibee Group”) and affiliates are involved primarily in the development, operations and franchising of quick service restaurants (QSRs) under the trade names “Jollibee”, “Chowking”, “Greenwich”, “Red Ribbon”, “Yong He King”, “Hong Zhuang Yuan”, “Mang Inasal”, “Burger King”, “Highlands Coffee”, “Pho24”, “Hard Rock Cafe”, “Dunkin’ Donuts”, “Smashburger”, “Tim Ho Wan” and “Tortas Frontera”. The other activities of the Jollibee Group include manufacturing and property leasing in support of the quick service restaurant systems and other business activities.

JFC operates the largest food service network in the Philippines. As of June 30, 2019, it was operating 3,195 restaurant outlets in the country: Jollibee brand 1,163, Chowking 590, Greenwich 284, Red Ribbon 479, Mang Inasal 577, Burger King 101 and PHO24 1. Abroad, it was operating 1,418 stores: Yonghe King (China) 323, Hong Zhuang Yuan (China) 45, Dunkin’ Donuts (China) 9, Jollibee 238 (Vietnam 118, Brunei 17, Hong Kong 8, Singapore 7, Macau 1, Malaysia 1, United States 37, Canada 4, Saudi Arabia 13, UAE 14, Qatar 7, Kuwait 6, Bahrain 1, Oman 1, Italy 1, United Kingdom 1, and Guam 1), Red Ribbon in the US 31, Chowking 47 (US 15, UAE 21, Qatar 4, Oman 2, Kuwait 3, and Saudi Arabia 2), Highlands Coffee 340 (Vietnam 297, and Philippines 43), PHO24 34 (Vietnam 18, Indonesia 16), Hard Rock Cafe 6 (Vietnam 2, Hong Kong 3, and Macau 1); and, Smashburger 345. The JFC Group’s worldwide store network reached 4,613 stores.

JFC is also committed to serve its host communities through socio-civic projects through the Jollibee Group Foundation. The foundation has focused its work on feeding programs for undernourished children in poor communities, developing farmers to become better entrepreneurs and suppliers of agricultural products and providing disaster relief for calamity-stricken regions.

Jollibee Foods Corporation has grown brands that bring delightful dining experience to its customers worldwide, “Spreading the joy of eating to everyone.”

Milestones

2018

• Jollibee celebrates its 40th year

2017

• • Jollibee celebrates its 1,000th store milestone

• • Brand Finance proclaims Jollibee as one of the world’s most valuable brands

• • Canadian Prime Minister visits Jollibee Winnipeg

• • Jollibee launches the Kwentong Jollibee Valentine’s series, which went viral immediately after it was released

• Jollibee opens first store in Boracay

2016

• • Jollibee partners with Ms. Universe, with the candidates visiting a Jollibee store

• • Jollibee Skokie opens, its first store in Chicago

• • Jollibee opens first store in Canada

• • Jollibee is part of Forbes Fab 50 companies

• • Jollibee launches Adobo Flakes Burger and Halo-halo Sundae in celebration of Independence Day

• • Jollibee launches its first mobile-based App, Jollidance Showdown

• • Jollibee launches #8-7000, its one number, nationwide delivery hotline.

• • Jollibee launches Kwentong Jollibee with 3 digital videos: Jabee, Tagpuan and Almusal, based on stories from Jollibee customers

• Anthony Bourdain visits Jollibee and features it on his show Parts Unknown

2015

Jollibee opens its milestone 900th store at Palo, Leyte

The Jollibee Family Values Awards marks its 5th year

Jollibee partners with DOT for Visit the Philippines Tourism campaign

Jollibee holds the Jollitown Funtasy Land

2014

Jollibee celebrates the 20th milestone year of Maaga ang Pasko

Jollibee mounts the Family Bee Day – largest nationwide and simultaneous Family picnic event

2013

• Jollibee celebrates its 35^th anniversary.
• Jollibee Foundation is renamed Jollibee Group Foundation.
• Jollibee opens its 1^st store in Singapore.
• JFC inaugurated the JFC Distribution Center, the Philippines’ largest automated Quick Service Restaurant (QSR) logistics facility.
• Jollibee opens its 800^th store in Malaybalay, Bukidnon.
• Jollibee opens its 100^th international store in Jubail, Saudi Arabia.
• JFC breaks into Forbes Asia’s Fab 50 (Asia-Pacific’s best 50 big listed companies).
• USA’s Restaurant Business Magazine includes Jollibee as among the 50 fastest growing chains in the United States.
• Red Ribbon opens 250^th store in Tagbilaran City, Bohol.
• Mr. Tony Tan Caktiong is named Global Filipino Executive of the Year at the Asia CEO Awards.
• JFC’s system-wide sales break the Php100 Billion sales mark.

2012

• JFC completes its purchase of San Pin Wang business.
• JFC completes its acquisition of 50% of SuperFoods Group, which owns and operates Highlands Coffee and Pho 24.
• Jollibee opens its 1^st store in Kuwait.
• Chowking opens its 1^st store in Oman.
• Jollibee is named by New York-based magazine Travel + Leisure as one of the best fast food chains in the world.
• JFC enters into joint venture agreement to own and operate 12 Sabu, a restaurant serving low-priced, hot-pot dishes in China.
• JFC was included among the 26 enterprises from ASEAN countries that were conferred with the “Most Admired ASEAN Enterprise” Award by the ASEAN Business Advisory Council.

2011

• JFC acquires majority stake of Chow Fun, which operates the Jinja Bar and Bistro in New Mexico, USA.
• JFC builds the Jollibee Foods Processing commissary in China.
• JFC acquires majority stake in Burger King Philippines’ franchise.
• Jollibee opens its 1^st store in Hawaii, USA.
• Red Ribbon opened its 1^st two stores in Hawaii, USA.
• Chowking opens its 1^st store in Qatar.
• Jollibee Foundation receives the 2011 Agora Award for Outstanding Achievement in Advocacy Marketing for their Busog, Lusog, Talino (BLT) school feeding program.
• Mang Inasal opens its 400^th store in Greenhills, San Juan.

2010

• Chowking celebrates its 25^th year.
• JFC acquires 70% of Mang Inasal business.
• Jollibee opens its 700^th store in Baguio City.
• Jollibee opens its 1^st store in Qatar.

2009

• Jollibee Foundation builds the Jollibee-Gawad Kalinga village in Butuan City where 49 houses are constructed and given to families who used to live in flood-prone areas of the city.

2008

• JFC completes its purchase of Hong Zhuang Yuan, a chain of restaurants located mostly in Beijing.
• Jollibee launches Jollitown, the first educational children’s TV musical on a television network.
• Chowking completes its Php270 Million modernization program for its two commissaries.
• Greenwich becomes ISO-certified.
• Jollibee Foundation launches the Farmer Entrepreneurship Program, which provides opportunities to small farmers to participate in JFC’s supply chain.
• JFC celebrates its 30^th year.

2007

• Jollibee opens its 600^th store in Aparri.

2004

• JFC acquires its 1^st foreign brand – Yonghe King, a fast food chain in China.
• JFC opens Zenith Foods Corporation, the largest commissary in Asia with an initial investment of Php1.5 Billion.
• Jollibee opens its 500^th store in Basilan.
• JFC establishes the Jollibee Foundation.
• JFC Chairman & CEO Tony Tan Caktiong is named the Ernst & Young’s 2004 World Entrepreneur of the Year.

2006

• JFC establishes Jollibee Worldwide Services (JWS).
• JFC is chosen as the Most Admired Company in the Philippines by the Asian Wall Street Journal.
• Chowking receives the Asian Corporate Social Responsibility (CSR) Merit Award in the Best Workplace Practices category for its Cooks’ Certification Program.
• Jollibee is named recipient of The Asian CSR Merit Award under the Concern for Health category for its Deaf Employment Program.

2005

• JFC acquires Red Ribbon Bakeshop.

2003

• For the sixth straight year, the Far Eastern Economic Review ranks JFC as the Philippines’ Leading Company.

2002

• JFC Chairman and Chief Executive Officer (CEO) Tony Tan Caktiong is named Management Association of the Philippines’ (MAP) “Management Man of the Year.”

2001

• Jollibee opens its 400^th store in Intramuros, Manila.

2000

• JFC acquires Chowking Food Corporation.
• JFC’s system-wide sales reached Php20 Billion.

1998

• Jollibee opens its 300^th store in Balagtas, Bulacan.
• Jollibee opens its 1^st store in USA – Daly City, California.

1997

• JFC’s system-wide sales exceed the Php10 Billion mark.
• Greenwich opens its 100^th store.

1996

• Jollibee opens its 200^th store in Malolos, Bulacan.

1994

• JFC acquires Greenwich Pizza Corporation.

1993

• On July 13, JFC lists its shares in the Philippine Stock Exchange with an initial offering of Php 9.00/share. In October, JFC shares sell for Php 20.00/share – a windfall of more than 135%.
• JFC is cited as one of the leading companies in Asia by the Far Eastern Economic Review.

1991

• Jollibee opens its 100^th store in Davao.

1989

• Philippine Advertising Congress names “Balut” and “Ligaw” commercials as the Kidlat Award winner of the year in the Service and Leisure Products category.

1987

• JFC takes its first step towards international expansion, opening its 1^st overseas store in Brunei.
• JFC makes it to Philippines’ Top 100 Corporations.

1986

• Jollibee opens its first international outlet, in Taiwan.

1983

• The long-running Langhap -sarap TV campaign is introduced.

1980

• • The well-loved Jollibee mascot is conceived to support brand awareness and identity efforts.
    Other mascots are later introduced.

• Jollibee launches Chickenjoy, which becomes one of its best-selling menu items.

1978

• Jollibee incorporates as a 100% Filipino-owned company, with seven Jollibee fast- food restaurants
  within Metro Manila as initial network and the Yumburger as flagship product.

1975

• The Tan Family opens ice cream parlors in Cubao and Quiapo, the first Jollibee outlets.

OUR VISION

To be one of the Top 5 Restaurant Companies in the World

• All our brands are trusted and well-loved, craved around the world:
  • Renowned for consistently great tasting food.
  • Recognized for high value for money.
  • Endeared for warm and sincere distinct service to our customers.
  • Admired for our beautiful stores in excellent location.
• We are acknowledged as one of the Best Companies to Work for, regarded for our efficient systems and proceses, highly engaged teams and people-focused culture.

OUR MISSION

To serve great tasting food, bringing the joy of eating to everyone.

Core Values

Through the years, JFC has formed its foundation from good business practices and strong core values of Customer Focus, Speed with Excellence, Integrity, Spirit of Family and Fun, Humility to Listen and Learn. JFC continues its steadfast commitment in upholding these core values:

Customer focus

• We provide great taste, and superior value to all our customers.
• We treat our customers with sincere service and a warm smile.
• We take part in creating exceptional customer experience.

Speed with Excellence

• We plan, decide and act quickly.
• We set challenging goals and execute well.
• We constantly find ways to improve and innovate.

Humility to Listen and Learn

• We seek, welcome and value feedback
• We acknowledge and learn from our mistakes
• We aspire to learn from people from all walks of life

Spirit of Family and Fun

• We take care of each other and bring out the best in everyone
• We are true to our name, hard-working and happy.
• We recognize individuality and foster teamwork.

 Integrity

• We live by honesty and we do what is right all the time.
• We act as responsible stewards of the company.
• We speak our minds constructively when needed.

Board of Directors

Tony Tan Caktiong (Chairman)

Ernesto Tanmantiong

William Tan Untiong

Joseph C. Tanbuntiong

Ang Cho Sit

Antonio Chua Poe Eng

Ret. Chief Justice Artemio Panganiban

Monico V. Jacob (independent director)

Cezar P. Consing (independent director)

Corporate Officers

Ernesto Tanmantiong – President and Chief Executive Officer

Joseph Tanbuntiong – Treasurer

William Tan Untiong – Corporate Secretary

Ysmael V. Baysa – Chief Financial Officer

Daniel Rafael Ramon Z. Gomez III – Chief Marketing Officer

Company’s Organizational Chart/Group Corporate Structure

Shareholding Structure

• As of December 31, 2019
• As of December 31, 2017
• As of September 30, 2017
• As of June 30, 2017
• As of March 31, 2017
• As of March 31, 2016
• As of February 29, 2016
• As of January 31, 2016
• As of December 31, 2015
• As of November 30, 2015
• As of October 31, 2015
• As of September 30, 2015
• As of July 31, 2015
• As of June 30, 2015
• As of May 31, 2015
• As of April 30, 2015
• As of March 31, 2015
• As of January 31, 2015

Ownership Structure

As of October 31, 2014

Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,062,523,674

Number of Foreign-Owned Shares	319,831,501
Foreign Ownership Level (%)	30.10 %

Top 20 Shareholders

As of October 31, 2014

	Stockholder Name	Total Direct &Indirect Shares	Percentage of Ownership
1	PCD Nominee Corporation (Non-Filipino)	318,696,163	29.99%
2	Hyper Dynamic Corporation	273,218,750	25.71%
3	Honeysea Corporation	127,743,747	12.02%
4	PCD Nominee Corporation (Filipino)	77,473,833	7.29%
5	Winall Holding Corporation	54,140,736	5.10%
6	Honeyworth Corporation	40,050,453	3.77%
7	Kingsworth Corporation	29,168,935	2.75%
8	Centregold Corporation	27,430,964	2.58%
9	Gemma Tanbuntiong	21,910,601	2.06%
10	Venice Corporation	17,423,735	1.64%
11	A-Star Holding Corporation	16,920,393	1.59%
12	Azucena T. King	10,491,199	0.99%
13	Tony Tan Caktiong	8,994,565	0.85%
14	William Tan Untiong	7,293,055	0.69%
15	Longshore Corporation	5,260,184	0.50%
16	Ernesto Tanmantiong	5,200,970	0.49%
17	Paul Rosenberg	1,000,460	0.09%
18	Susana Tanmantiong	782,857	0.07%
19	Masancay, Anastacia	746,000	0.07%
20	Baysa, Ysmael	511,667	0.05%
	Total	1,044,459,267	98.30%
	Others	18,064,407	1.70%
	Total Issued and Outstanding	1,078,971,014
	Treasury Shares ( per SEC 11-C)	16,447,340	1.55%
	Total Issued and Outstanding*	1,062,523,674	100.00%
	*(net of Treasury Shares)

Ownership Structure

As of November 30, 2014

Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,702,190

Number of Foreign-Owned Shares	323,231,891
Foreign Ownership Level (%)	30.30 %

Top 20 Shareholders

As of November 30, 2014

	Stockholder Name	Total Direct &Indirect Shares	Percentage of Ownership
1	PCD Nominee Corporation (Non-Filipino)	322,096,553	30.20%
2	Hyper Dynamic Corporation	273,218,750	25.61%
3	Honeysea Corporation	127,743,747	11.98%
4	PCD Nominee Corporation (Filipino)	78,373,037	7.35%
5	Winall Holding Corporation	54,140,736	5.08%
6	Honeyworth Corporation	39,880,713	3.74%
7	Kingsworth Corporation	29,168,935	2.73%
8	Centregold Corporation	27,430,964	2.57%
9	Gemma Tanbuntiong	21,910,601	2.05%
10	Venice Corporation	17,423,735	1.63%
11	A-Star Holding Corporation	16,920,393	1.59%
12	Azucena T. King	10,491,199	0.98%
13	Tony Tan Caktiong	8,994,565	0.84%
14	William Tan Untiong	7,293,055	0.68%
15	Longshore Corporation	5,260,184	0.49%
16	Ernesto Tanmantiong	5,200,970	0.49%
17	Paul Rosenberg	1,000,460	0.09%
18	Susana Tanmantiong	782,857	0.07%
19	Masancay, Anastacia	746,000	0.07%
20	Baysa, Ysmael	511,667	0.05%
	Total	1,048,589,121	98.30%
	Others	18,113,069	1.70%
	Total Issued and Outstanding	1,083,149,530
	Treasury Shares (per SEC 11-C)	16,447,340	1.55%
	Total Issued and Outstanding*	1,066,702,190	100.00%
	*(net of Treasury Shares)

Articles of Incorporation

Manual on Corporate Governance

The Board of Directors, Management and employees of Jollibee Foods Corporation commit themselves to the principles and best practices contained in its Manual on Corporate Governance and acknowledge that the same may guide the attainment of the Company’s values, mission and vision.

New Manual on Corporate Governance May 2017

Amended Manual on Corporate Governance July 2014

Manual on Corporate Governance August 2002

Code of Business Ethics and Business Conduct

The Company’s Code of Ethics and Business Conduct is rooted in its strong core values of honesty, integrity, trust and excellence. 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: employees, vendors, franchisees, suppliers and other external 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.

The Company observes honesty and integrity in its dealings with all of its stakeholders: government, customers, business partners, employees and the general public. The Company conducts its business and performs its duties with uncompromising integrity and professionalism. The Company considers its franchisees, lessors, suppliers, service providers and other outside parties as its valued partners in the Company’s growth. The Company equally treats all its customers with respect and courtesy.

The Company’s Code of Business Ethics and Code of Discipline have been disseminated to all directors, senior management and employees and all levels in the Company are responsible for and required to administer the Code of Business Ethics, including investigating alleged violations and determining corrective actions.

COBE Manual

Annual Corporate Governance Report

Integrated Annual Corporate Governance Report for the year ended December 31, 2017 – May 29, 2018

Consolidated Changes and Updates in the ACGR for 2016 as of March 27, 2017

Consolidated Changes and Updates as of April 13, 2016

Consolidated Changes and Updates as of January 8, 2016

Consolidated Changes and Updates as of August 26, 2015

Consolidated Changes and Updates in the ACGR for 2014

Consolidated Changes and Updates as of December 31, 2013

2012 ACGR

Board Committees, Committee Members and Committee Charters

For detailed discussion, please click on the following link: New Manual on Corporate Governance and refer to Article 4: Board Governance.

Executive Committee – The Board of Directors constituted the Executive Committee for purposes of delegating to it such powers and functions as the Board may exercise, subject to limitations under applicable laws.

• Tony Tan Caktiong
• Ernesto Tanmantiong
• William Tan Untiong
• Joseph C. Tanbuntiong
• Ret. Chief Justice Artemio Panganiban

Nomination Committee – The Board of Directors constituted the Nomination Committee for purposes of installing and institutionalizing a process to pre-screen and shortlist all candidates nominated to become a member of the Board of Directors in accordance with the qualifications and/or disqualifications as described in the Company’s Corporate Governance Manual, By-Laws, and all applicable laws.

• Ret. Chief Justice Artemio Panganiban (Head)
• Tony Tan Caktiong
• Ernesto Tanmantiong
• William Tan Untiong
• Monico V. Jacob

Compensation Committee – The Board of Directors constituted the Compensation Committee for purposes of establishing a formal and transparent procedure for developing a policy on executive remuneration and ensuring that compensation and benefit programs of corporate officers, directors, senior management and other key personnel are consistent with the Company’s culture, strategy and control environment.

• Tony Tan Caktiong (Head)
• Ret. Chief Justice Artemio Panganiban
• Joseph C. Tanbuntiong
• Ang Cho Sit
• Cezar P. Consing

Audit Committee – The Board of Directors constituted the Audit Committee for purposes of providing oversight on the integrity of financial reporting process, internal controls, the audit process, and the Company’s process of monitoring compliance with laws and regulations.

• Monico V. Jacob (Head)
• Cezar P. Consing
• Antonio Chua Poe Eng
• William Tan Untiong

Corporate Governance Committee -The Board of Directors constituted the Corporate Governance Committee for purposes of overseeing the implementation, including periodic review, of the corporate governance framework of the Company to ensure that it remains appropriate in light of material changes to the Company’s size, complexity and business strategy, as well as its business and regulatory environments.

• Cezar P. Consing(Chairman)
• Monico V. Jacob
• Tony Tan Caktiong

Continuing Education of the Board of Directors and Key Officers

The Company upholds the continuous education, training and development of its directors and officers. In compliance with SEC Memorandum Circular No. 2, series of 2015, as amended by SEC Memorandum Circular No. 19, series 0f 2016, all key officers and directors of the Company shall attend a minimum of four (4) hours of corporate governance training every year conducted by training providers that are duly accredited by the Securities and Exchange Commission.
2019

• October 16, 2019
• September 9, 2019

2017

• August 18, 2017

2016

• October 12, 2016
• August 15, 2016
• February 24, 2016 – SEC Letter re: Exemption Of Mr. Washington Sycip

2015

• November 16, 2015
• September 14, 2015
• August 3, 2015 – SEC Letter re: Exemption Of Mr. Washington Sycip

2014

• December 18, 2014
• November 28, 2014
• August 20, 2014

Corporate Social Responsibility

Sharing Joy to the Communities We Serve

Going Beyond Customer Service

Jollibee Foods Corporation (JFC) is no stranger to great service. In fact, it’s an operations cornerstone instilled in every employee and manager. But these days, it’s a new kind of service that has the Company abuzz.

It’s called public service—service that goes beyond the Company’s interests and wholly focused on making a measurable difference in the lives of Filipinos. Over the past years, JFC has been involved in numerous social projects such as feeding malnourished children in partnership with Kabisig ng Kalahi; getting children to read and love books with Sa Aklat Sisikat; promoting values to children and the youth with DepEd; and sharing blessings through the annual Christmas toy and book drive, Maaga ang Pasko.

Going Beyond Giving

Although JFC’s commitment to corporate social responsibility was boosted by their involvement in these projects, Chairman of the Board Mr. Tony Tan Caktiong and the rest of the JFC leadership knew that to do lasting good, they had to organize their giving and make it more strategic. A paradigm shift took place: corporate giving had now evolved into social partnership.

“Other than our food offerings, we are also committed to excellent service in the communities where we operate. We have harnessed the Company’s strengths and values and applied it in crafting and sustaining innovative programs that contribute to the socio-economic growth of the country,” Tan Caktiong explained.

The Jollibee Group Foundation was established in December 2004 with a mission to invest in people and help them succeed—in the way Jollibee knows how. This meant taking the values, the system, the tools, and the years of experience that made Jollibee what it is today and sharing it with the people they most ascribe their very successes to: the everyday Filipino.

Going Beyond Success

The Foundation’s challenge was to take all the elements that has contributed to the Company’s success and apply it to the communities and social enterprises that can benefit from it. Over the years, it has actively led nation-building efforts such as the Farmer Entrepreneurship Program (FEP), Busog, Lusog, Talino School Feeding Program (BLT), Project ACE Scholarships, and FoodAID.

As a result, and with the help of various partners, thousands of people and families across the country have come to benefit from JGF’s programs – from smallholder farmers through FEP, to undernourished schoolchildren through BLT, and underprivileged youth through Project ACE.

Join us in sharing joy to our communities. To know more about JFC’s corporate social responsibility activities, visit the Jollibee Group Foundation website.

Risk Management

Enterprise Risk Management

The Company and its subsidiaries, in global growth and expansion, require a comprehensive approach to corporate risk management that promotes extensive strategic thinking and analysis, while fundamentally integrating and maintaining highest ethical standards in the Company’s core values and beliefs. Risk management will provide the organization with the superior capabilities to identify, assess and manage the risks and enable the organization and its employees, at all levels, to better understand and manage risks.

The Company and its subsidiaries are all in the quick-service restaurant sector. Quick-service restaurants like those maintained by the Company are expected to maintain high quality in terms of food, service and cleanliness (“FSC”). The Company responds by observing stringent guidelines, processes and procedures in its FSC, and conducting regular and spot audits to ensure that FSC standards are maintained not only in stores but also in commissaries. The Company has likewise instituted a system of incentives to reward excellent performance in terms of FSC by stores.

The Company’s directors and management periodically review the effectiveness of the Company’s risk management system.

Financial Risk Management

The Company’s principal financial instruments comprise cash and cash equivalents and receivables. The main purpose of these financial instruments is to obtain financing for its operations. The Company has other financial assets and liabilities such as other noncurrent assets and trade payables and other current liabilities which arise directly from its operations.

The main risks arising from these financial instruments are credit risk and liquidity risk. The Company does not engage in any long-term debt and foreign currency-denominated transactions that may cause exposure to interest rate risk and foreign currency risk, respectively. The policies for managing each of these risks are summarized as follows:

Equity Price Risk

The Company is not exposed to significant equity price risk on its investment in quoted equity securities consisting of investment in club shares and shares of public utility companies.

Interest Rate Risk

Interest rate risk arises from the possibility that the fair value or future cash flows of financial instruments will fluctuate because of changes in market interest rates.

The Company’s interest rate exposure management policy centers on reducing the Company’s overall interest expense and exposure to changes in the interest rates.

To manage the interest rate risk related to the Company’s long-term debt, the Company uses a derivative instrument to fix the interest rate over the term of the debt.

There is minimal exposure on the other sources of Company’s interest rate risk. These other sources are from its cash in bank, short-term deposits, refundable deposits and employees’ car plan receivables.

Foreign Currency Risk

The Company’s exposure to foreign currency risk arises from the Parent Company’s investments outside the Philippines, which are mainly in People’s Republic of China and United States of America. While the foreign businesses have been rapidly growing, the net assets of foreign businesses account for only 10.84% and 15.57% of the consolidated net assets of the Company as at December 31, 2013 and 2012, respectively. Therefore, the total exposure to foreign exchange risk of the Company is still not significant.

The Company also has transactional foreign currency exposures. Such exposure arises from its Philippine operations’cash and cash equivalents, receivables and long-term debt in foreign currencies.

Credit Risk

Credit risk is the risk that a customer or counterparty fails to fulfill its contractual obligations to the Company. This includes risk of non-payment by borrowers and issuers, failed settlement of transactions and default on outstanding contracts.

The Company has a strict credit policy. Its credit transactions are with franchisees that have gone through rigorous screening before granting them the franchise. The credit terms are very short, while deposits and advance payments are also required before rendering the service or delivering the goods, thus, mitigating the possibility of non-collection. In cases of non-collection, defaults of the debtors are not tolerated; the exposure is contained the moment a default occurs and transactions that will increase the Company’s exposure are not permitted.

The Company has no significant concentration of credit risk with counterparty. Its franchisee profile is such that no single franchisee accounts for more than 5% of its total system wide sales.

Liquidity Risk

The Company’s exposure to liquidity risk refers to the risk that its financial liabilities are not serviced in a timely manner and that its working capital requirements and planned capital expenditures are not met. To manage this exposure and to ensure sufficient liquidity levels, the Company closely monitors its cash flows.

On a weekly basis, the Company’s Cash and Banking Team monitors its collections, expenditures and any excess/deficiency in the working capital requirements, by preparing cash position reports that present actual and projected cash flows for the subsequent week. Cash outflows resulting from major expenditures are planned so that money market placements are available in time with the planned major expenditure. In addition, the Company has short-term cash deposits and has available credit lines with accredited banking institutions, in case there is a sudden deficiency. The Company maintains a level of cash and cash equivalents deemed sufficient to finance the operations.

Capital Management

Capital includes equity attributable to equity holders of the Parent Company.

The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholder value. The Company has sufficient capitalization.

The Company generates cash flows from operations sufficient to finance its organic growth. It declares cash dividends representing about one-third of its consolidated net income, a ratio that would still leave some additional cash for future acquisitions. If needed, the Company would borrow money for acquisitions of new businesses.

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

Material Related Party Transactions Policy – October 22, 2019

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.

SEC Form 17-A (Annual Report)

2019 Annual Report

2018 Annual Report

2017 Annual Report

2016 Annual Report

2015 Annual Report

2014 Annual Report

2013 Annual Report

2012 Annual Report

2012 Amended Annual Report..

2011 Annual Report

2010 Annual Report

SEC Form 17-Q (Quarterly Report)

• 2020
  • 1st Quarter
•  2019
  • 4th Quarter
  • 3rd Quarter
  • 2nd Quarter
  • 1st Quarter
• 2018
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
• 2017
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2016
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2015
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2014
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2013
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2012
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2011
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2010
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2009
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter

SEC Form 17-C (Current Report)

• 2020
  • June 18, 2020 – JFC to Issue US$600 Million 5.5 and 10 Year Notes
  • June 17, 2020 – JFC Mandates Banks for US Senior Unsecured Securities
  • May 27, 2020 – Financial Results for the Quarter ended March 31, 2020
  • May 22, 2020 – JFC to Spend Php7 Billion for Business Transformation
  • April 14, 2020 – JFC Reports 2019 Results on Audited Financial Statements
  • April 7, 2020 – JFC Declares Cash Dividend, Delivery Business Paving Way for Recovery
  • March 19, 2020 – Jollibee Group allocates Php1 Billion Emergency Fund for Employees
  • March 18, 2020 – Jollibee Group Donates Php 100 Million worth of food to Health Workers
  • March 16, 2020 – Risks, Impact on the Business and Mitigation Measures of the JFC Group of Companies re: COVID-19 Pandemic
  • March 13, 2020 – JFC and DSPL Signs Agreement to Expand and Operate the Tim Ho Wan Brand in China
  • February 18, 2020 – Financial Results for the Quarter and Year ended December 31, 2019
  • February 4, 2020 – JFC Provides Statement on Business in China
  • January 23, 2019 – JFC to Issue US$600 Million Guaranteed Senior Perpetual Securities
  • January 16, 2020 – JFC to Issue US$600 Million Guaranteed Senior Perpetual Securities
  • January 9, 2020 – JFC Mandates Banks for US$ Senior Guaranteed Perpetual Securities
• 2019
  • November 14, 2019 – Financial Results for the Thrid Quarter and Nine
    Months ended September 30, 2019
  • November 13, 2019 – JFC and DSPL Signs Agreement to Expand and Operate
    the Tim Ho Wan Brand in China
  • November 11, 2019 – Cash Dividend Declaration
  • October 2, 2019 – JFC to Increase Investment in Buyer of Tim Ho Wan Franchisee
  • September 24, 2019 – JFC Completes the Acquisition of 100% of The Coffee Bean & Tea Leaf®
  • September 6, 2019 – Approval to revert to November 2015 MSOP ELTIP
  • August 5, 2019 – Financial Results for the Second Quarter and First Semester ended June 30, 2019
  • July 24, 2019 – JFC to Invest US$100M for the Acquisition of The Coffee Bean & Tea Leaf Brand
  • July 15, 2019 – Amended disclosure on JFC and Panda Restaurant Group Inc. to bring Panda Express to the Philippines
  • July 9, 2019 – Amended Disclosure on JFC and Panda Restaurant Group, Inc.
    to bring PANDA EXPRESS to the Philippines
  • July 1, 2019 – Approval of Amendments to the Senior Management Equity
    Incentive Plan
  • June 28 , 2019 – Results of the 2019 Annual Stockholders’ Meeting and Organizational Meeting of the Board of Directors
  • May 15, 2019 – Financial Results for the First Quarter ended March 31, 2019.
  • April 11, 2019 – Approval of Amendments to the Senior Management Stock Option and Incentive Plan
  • April 10, 2019 – JFC Reports 2018 Audited Financial Results
  • April 8, 2019 – Cash Dividend Declaration
  • February 14, 2019 – Financial results for the Quarter ended December 31 2018
• 2018
  • December 21, 2018 – (Amended) JFC Partners with Award-Winning Chef to Build Mexican Restaurant Business in U.S.
  • December 13 2018 – JFC Takes 100% Ownership of Smashburger, Sees Expansion of US Business.
  • December 3, 2018 – Appointment of Chief Human Resources Officer
  • November 12, 2018 – Financial Results for the Third Quarter and Nine Months ended September 30, 2018
  • October 15, 2018 – Amendment to Amended By-Laws
  • October 15, 2018 – Amendment to Amended Articles of Incorporation
  • September 24, 2018 – JFC and Panda Restaurant Group Inc to Bring Panda Express in the Philippines
  • September 7, 2018 – JFC Partners with Award-Winning Chef to Build Mexican Restaurant Business in U.S.
  • August 14, 2018 – Financial results for the Second Quarter ended June 30, 2018
  • July 5, 2018 – Results of the 2018 Annual Stockholders Meeting and Organizational Meeting of the Board of Directors
  • May 9, 2018 – Financial results for the First Quarter ended March 31, 2018
  • May 8, 2018 – JFC to Invest in Buyer of Tim Ho Wan Master Franchise Holder for Asia Pacific
  • April 25, 2018 – JFC to Bring Pho24 to the Philippines
  • April 17, 2018 – 2015 ELTIP Cycle 4
  • April 17, 2018 – JFC Completes Acquisition of Additional 45percent Share in Smashburger
  • April 11, 2018 – Press Release for 2017 Audited Financial Results for the year ended December 31, 2017
  • April 6, 2018 – Cash Dividend Declaration
  • February 13, 2018 – Financial results for the quarter and year ended December 31, 2017
  • February 13, 2018 – JFC to increase ownership of Smashburger to 85%
• 2017
  • December 5, 2017 – Jollibee and Cargill Inaugurate Largest Poultry Processing Plant in The Philippines
  • November 10, 2017 – Cash Dividend Declaration
  • November 10, 2017 – Financial Results for the Third Quarter of 2017
  • November 2, 2017 – JFC Joint Venture Discontinues 12 Hotpot Operations to Focus on Larger Businesses in China
  • August 14, 2017 – Foreign Business Boosts JFC’s Sales and Profit Growth
  • June 30, 2017 – Election of Directors and Officers for year 2017 Appointment of Committee Members
  • May 12, 2017 – JFC’s Foreign Business Accelerates, Profit Rises by 10%
  • May 11, 2017 – Jollibee, Partner Move Closer to Vietnam IPO
  • April 5, 2017 – Cash Dividend Declaration
  • April 5, 2017 – JFC Reports 2016 Audited Financial
  • March 31, 2017 – Jollibee to enter Italy
  • March 14, 2017 -JFC Increases First Purchase Option in Smashburger from 35% to 45%
  • February 14, 2017 – Financial Results for the Quarter and Year Ended December 31, 2016
• 2016
  • December 30, 2016 – JFC Completes Divestment of its Shareholdings in Subsidiary in China
  • December 23, 2016 – JFC Completes Divestment of its Shareholdings in Subsidiary in US
  • December 23, 2016 – Press Release for Completion of Divestment in ChowFun
  • December 15, 2016 – JFC to Divest Shareholdings in Subsidiary to Focus on Larger Businesses in US
  • December 12, 2016 – JFC to Divest Shareholdings in Subsidiary to Focus on Larger Businesses in China
  • November 23 2016 – JFC Acquires Remaining 30% in Food Manufacturing in China
  • November 18 2016 – Jollibee Partner to List Highlands Coffee in Vietnam Stock Exchange
  • November 16, 2016 – Financial Results for the Third Quarter of 2016
  • November 15, 2016 – Financial Results for the Third Quarter and Nine Months ended September 30, 2016
  • November 11, 2016 – Cash Dividend Declaration
  • August 9, 2016 – Financial Results for the Second Quarter and First Semester ended June 30, 2016
  • July 22, 2016 – Election of Directors and Officers for Year 2016; Appointment of Committee Members
    
  • May 24 2016 – On Nature of Business of Jollibee Foods Corporation and Cargill Philippines Inc.
  • May 24, 2016 – JFC and Cargill to Build Poultry Processing Facility
  • May 13, 2016 – Financial Results for the First Quarter ended March 31, 2016
  • May 12, 2016 – Advisement Letter on Postponement of Annual Stockholders’ Meeting 2016
  • April 22, 2016 – JFC Acquires Remaining 30% in Mang Inasal Philippines Inc.
  • April 11, 2016 – Audited Financial Results for the Year Ended December 31, 2015
  • April 6, 2016 – Dividend Declaration
  • February 23, 2016 – JFC to Acquire Remaining 30% in Food Manufacturing in China
  • February 9, 2016 – Financial Results for the Quarter ended December 31, 2015
  • January 13, 2016 – JFC Discloses Final Purchase Price for “Smashburger” Acquisition
    
• 2015
  • November 25, 2015 – Amended Stock Option Plan Rules
  • November 23, 2015 – Results of Special Stockholders’ Meeting
  • November 9, 2015 – Dividend Declaration
  • November 9, 2015 – Financial Results for the Quarter ended September 30, 2015
  • October 27, 2015 – JFC Completes Strategic Investment in US-Based “Smashburger”
  • October 13, 2015 – JFC to Make Strategic Investment in US-Based “Smashburger”
  • October 2, 2015 – Date of Special Stockholders’ Meeting and Record Date
  • September 16, 2015 – Response letter to PSE
  • August 26, 2015 – Signing of Agreement
  • August 7, 2015 – Financial Results for the Quarter ended June 30, 2015
  • July 6, 2015 – Amended Stock Option Plan Rules
  • June 26, 2015 – Election of Directors and Officers for Year 2015; Appointment of Committee Members
  • May 13, 2015 – Date of Annual Stockholders’ Meeting and Record Date
  • May 13, 2015 – Financial Results for the Quarter ended March 31, 2015
  • April 7, 2015 – Dividend Declaration
  • April 7, 2015 – Audited Financial Results for the Year Ended December 31, 2014
  • February 23, 2015 – Financial Results for the Quarter and Year Ended December 31, 2014
  • January 5, 2015 – Signing of Master Franchise Agreement
• 2014
  • December 19, 2014 – JFC and RRJ to Acquire Territorial Rights to Expand and Operate the Dunkin’ Donuts Brand in China
  • August 13, 2014 – Financial Results for the Quarter Ended June 30, 2014
  • July 24, 2014 – Amended Manual on Corporate Governance
  • July 24, 2014 – Amended Senior Management Stock Option and Incentive Plan
  • June 27, 2014 – Results of Annual Stockholders’ Meeting and Organizational Meeting of the Board of Directors
  • February 14, 2014 -Results for the Quarter and Year Ended December 31, 2013
    
• 2013
  • January 31, 2013
  • 2013 SEC Form 17-C
• 2012
• 2011
  • January 21, 2011
  • March 31, 2011
  • April 8, 2011
  • April 12, 2011
  • April 13, 2011
  • April 29, 2011
  • November 4, 2011
  • November 14, 2011
  • December 21, 2011
• 2009
  • June 30, 2009
  • September 30, 2009
  • December 31, 2009

SEC Form 20-IS (Information Statement)

• Amended Definitive Information Statement  – July 7, 2020
• Amended Definitive Information Statement – May 29, 2019
• Definitive-Information-Statement – May 28, 2018
• Definitive-Information-Statement – May 15, 2017
• Definitive-Information-Statement – June 21, 2016
• 2015 Definitive Information Statement – Special Stockholders’ Meeting
• 2015 Definitive Information Statement – Annual Stockholders’ Meeting
• 2014 Definitive Information Statement
• 2013 Definitive Information Statement
• 2012 Definitive Information Statement
• 2011 Definitive Information Statement
• 2010 Definitive Information Statement
• 2009 Definitive Information Statement

SEC Form 23-A/B (Statement of Beneficial Ownership)

• 2019
  • Nov 21, 2019
  • Nov 8, 2019
  • Nov 5, 2019
  • Oct 31, 2019
  • Aug 12, 2019C
  • Aug 12, 2019B
  • Aug 12, 2019A
  • July 24, 2019
  • June 26, 2019
  • May 28, 2019
  • May 10, 2019
  • April 17 & 22, 2019
  • April 16, 2019
  • April 5, 2019
  • March 1, 2019
  • February 21, 2019
  • February 7, 2019
  • February 1, 2019
  • January 22, 2019
  • January 21, 2019
  • January 14, 2019C
  • January 14, 2019B
  • January 14, 2019A
  • January 9, 2019
  • January 8, 2019
  • January 7, 2019
  • January 4, 2019B
  • January 4, 2019A
  • January 3, 2019
• 2018
  • SEC Form 23
  • December 20, 2018
  • December 19, 2018
  • December 5, 2018B
  • December 5, 2018A
  • November 5, 2018
  • October 31, 2018
  • October 29, 2018
  • October 29, 2018
  • October 8, 2018
  • October 5, 2018
  • October 1, 2018
  • September 19, 2018
  • September 18, 2018
  • September 12, 2018
  • September 6, 2018
  • September 5, 2018
  • September 4, 2018
  • September 3, 2018
  • August 23, 2018B
  • August 23, 2018A
  • July 11, 2018
  • July 6, 2018
  • July 3, 2018
  • June 26, 2018
  • May 21, 2018
  • May 3, 2018
  • April 26, 2018
  • April 5, 2018
  • April 2, 2018
  • March 28, 2018
  • March 15, 2018
  • March 6, 2018
  • March 2, 2018
  • March 1, 2018
  • February 28, 2018
  • February 6, 2018
  • February 5, 2018
  • February 2, 2018
  • January 25, 2018
  • January 23, 2018
  • January 19, 2018
  • January 18, 2018
  • January 17, 2018
  • January 5, 2018
• 2017
  • December 24, 2017
  • December 1, 2017
  • December 1, 2017
  • November 29, 2017
  • November 28, 2017
  • November 23, 2107B
  • November 23, 2107A
  • November 2, 2017
  • October 10-B, 2017
  • October 04-B, 2017
  • September 27, 2017
  • September 22, 2017
  • September 20, 2017
  • September 18, 2017
  • September 11, 2017
  • July 19, 2017
  • June 23, 2017
  • June 9, 2017
  • May 26, 2017
  • May 24, 2017
  • May 2, 2017
  • April 26, 2017
  • April 17, 2017
  • April 10, 2017
  • April 7, 2017
  • March 21 – B, 2017
  • March 21 – A, 2017
  • January 23, 2017
  • January 3, 2017
• 2016
  • December 28, 2016
  • December 21, 2016
  • August 30, 2016 – 2
  • September 13, 2016
  • September 29, 2016
  • October 19, 2016
  • November 8, 2016
  • November 11, 2016
  • June 30, 2016 – 2
  • June 30, 2016
  • June 29, 2016
  • June 21, 2016
  • June 20, 2016
  • June 09, 2016
  • June 06, 2016
  • May 31, 2016
  • April 18, 2016
  • 2015
    • March 11, 2016
    • March 3, 2016
    • January 6, 2016
    • October 21, 2015
    • September 30, 2015
    • September 22, 2015
    • August 25, 2015
    • August 24, 2015
    • July 08, 2015
    • June 19, 2015
    • June 15, 2015
    • June 03, 2015
    • May 25, 2015
    • May 22, 2015
    • April 30, 2015
    • April 28, 2015
    • April 27, 2015
    • April 21, 2015
    • April 20, 2015
    • February 26, 2015
    • February 3, 2015
    • January 30, 2015
    • January 20, 2015 (file 2)
    • January 20, 2015 (file 1)
    • January 5, 2015
  • 2014
    • December 29, 2014
    • December 19, 2014
    • December 16, 2014
    • November 28, 2014
    • September 10, 2014
    • September 8, 2014 (file 2)
    • September 8, 2014 (file 1)
    • September 1, 2014
    • August 22, 2014
    • August 29, 2014
    • July 8, 2014
    • June 30, 2014
    • June 24, 2014
    • June 19, 2014
    • June 16, 2014
    • June 10, 2014 (file 2)
    • June 10, 2014 (file 1)
  • 2013
    • October 29, 2013 (file 2)
    • October 29, 2013 (file 1)
    • October 23, 2013 (file 3)
    • October 23, 2013 (file 2)
    • October 23, 2013 (file 1)
    • October 8, 2013 (file 2)
    • October 18, 2013 (file 2)
    • October 18, 2013 (file 1)
    • October 8, 2013 (file 1)
    • October 2, 2013
    • September 26, 2013 (file 1)
    • September 24, 2013 (file 2)
    • September 24, 2013 (file 1)
    • September 23, 2013 (file 2)
    • September 23, 2013 (file 1)
    • September 17, 2013 (file 2)
    • September 17, 2013 (file 1)
    • September 12, 2013 (file 2)
    • September 12, 2013 (file 1)
    • July 29, 2013 (file 2)
    • July 29, 2013 (file 1)
    • March 1, 2013
  • 2012
    • July 16, 2012
    • July 5, 2012
  • 2011
    • April 6, 2011
    • March 14, 2011
    • March 8, 2011
    • March 1, 2011
    • February 4, 2011
    • January 27, 2011
    • January 14, 2011
    • January 5, 2011
  • 2010
    • October 2010
  • 2009
    • July 21, 2009

General Information Sheet

• 2019 General Information Sheet – July 18, 2019
• 2018 General information Sheet – July 26, 2018
• 2017 General information Sheet – July 25, 2017
• 2016 Amended General Information Sheet
• 2016 General Information Sheet
• 2015 Amended General Information Sheet – December 11, 2015
• 2015 Amended General Information Sheet- November 26, 2015
• 2015 General Information Sheet
• 2014 General Information Sheet
• 2014 Amended General Information Sheet
• 2013 General Information Sheet
• 2012 General Information Sheet
• 2011 General Information Sheet
• 2010 General Information Sheet
• 2010 Amended General Information Sheet
• 2009 General Information Sheet

Audited Financial Statements

• 2018
• 2017
• 2016
• 2015
• 2014
• 2013
• 2012
• 2011
• 2010
• 2009
• 2008

Annual Report – Glossy

Sustainability Report

• 2019 Sustainability Report

Notice of all Annual or Special Stockholders’ Meetings

• 2020 – Notice and Proxy Form
• 2019 – Amended Notice and Proxy Form
• 2018- Notice and Proxy Form and Location Map
• 2017- Notice and Proxy Form
• 2016 – Notice and proxy form
• 2015 – Special
• 2015 – Annual
• 2014
• 2013
• 2012
• 2011
• 2010
• 2009

Minutes of all Annual or Special Stockholders’ Meetings

• 2019
• 2018
• 2017
• 2016
• 2015 – Special stockholders’ meeting
• 2015
• 2014
• 2013
• 2012
• 2011
• 2010
• 2009

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Annual Reports

Financial Highlights

• 2019
  • Financial Highlights Full Year 2019
  • 4th Quarter
  • 3rd Quarter
  • 2nd Quarter
  • 1st Quarter
• 2018
  • Financial Highlights Full Year 2018
  • 4th Quarter
  • 3rd Quarter
  • 2nd Quarter
  • 1st Quarter
• 2017
  • Financial Highlights Full Year 2017
  • 4th Quarter
  • 3rd Quarter
  • 2nd Quarter
  • 1st Quarter
• 2016
  • 4th Quarter
  • 3rd Quarter
  • 2nd Quarter
  • 1st Quarter
• 2015
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2014
  • 1st Quarter
  • 2nd Quarter
  • 3rd Quarter
  • 4th Quarter
• 2013
  • 2013-Financial-Highlights

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Total Outstanding Shares

Ownership Structure
As of March 31, 2020

Number of Issued and Outstanding Shares	1,115,852,936
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,099,405,596

Ownership Structure
As of December 31, 2019

Number of Issued and Outstanding Shares	1,113,550,270
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,097,102,930

Ownership Structure
As of September 30, 2019

Number of Issued and Outstanding Shares	1,113,532,103
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,097,084,763

Ownership Structure
As of June 30, 2019

Number of Issued and Outstanding Shares	1,109,976,003
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,093,528,663

Ownership Structure
As of March 31, 2019

Number of Issued and Outstanding Shares	1,108,927,619
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,092,480,279

Ownership Structure
As of December 31, 2018

Number of Issued and Outstanding Shares	1,104,500,155
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,088,052,815

Ownership Structure
As of September 30, 2018

Number of Issued and Outstanding Shares	1,104,459,371
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,088,012,031

Ownership Structure
As of June 30, 2018

Number of Issued and Outstanding Shares	1,103,382,871
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,086,935,53

Ownership Structure
As of March 31, 2018

Number of Issued and Outstanding Shares	1,103,061,807
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,086,614,467

Ownership Structure
As of March 31,

Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,793,940

Ownership Structure
As of March 31, 2015

Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,793,940

Number of Foreign-Owned Shares	308,477,173
Foreign Ownership Level (%)	style=”text-align: right;”>28.92 %

Ownership Structure
As of March 31, 2014

Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,793,940

Number of Foreign-Owned Shares	308,477,173
Foreign Ownership Level (%)	28.92 %

Ownership Structure

As of October 31, 2014…

Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,062,523,674

Number of Foreign-Owned Shares	319,831,501
Foreign Ownership Level (%)	30.10 %

Ownership Structure

As of November 30, 2014

Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,702,190

Number of Foreign-Owned Shares	323,231,891
Foreign Ownership Level (%)	30.30 %

Total Outstanding Shares

Ownership Structure
As of March 31, 2020

Number of Issued and Outstanding Shares	1,115,852,936
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,099,405,596
Number of Foreign-Owned Shares	275,227,170
Foreign Ownership Level (%)	25.03 %

Ownership Structure
As of December 31, 2019

Number of Issued and Outstanding Shares	1,113,550,270
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,097,102,930
Number of Foreign-Owned Shares	283,023,889
Foreign Ownership Level (%)	25.80 %

Ownership Structure
As of September 30, 2019

Number of Issued and Outstanding Shares	1,113,532,103
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,097,084,763
Number of Foreign-Owned Shares	282,811,307
Foreign Ownership Level (%)	25.78 %

Ownership Structure
As of June 30, 2019

Number of Issued and Outstanding Shares	1,109,976,003
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,093,528,663
Number of Foreign-Owned Shares	291,317,818
Foreign Ownership Level (%)	26.64 %

Ownership Structure
As of March 31, 2019

Number of Issued and Outstanding Shares	1,108,927,619
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,092,480,279
Number of Foreign-Owned Shares	303,365,316
Foreign Ownership Level (%)	27.77 %

Ownership Structure
As of December 31, 2018

Number of Issued and Outstanding Shares	1,104,500,155
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,088,052,815
Number of Foreign-Owned Shares	301,790,562
Foreign Ownership Level (%)	27.74 %

Ownership Structure
As of September 30, 2018

Number of Issued and Outstanding Shares	1,104,459,371
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,088,012,031
Number of Foreign-Owned Shares	299,690,203
Foreign Ownership Level (%)	27.54 %

Ownership Structure
As of June 30, 2018

Number of Issued and Outstanding Shares	1,103,382,871
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,086,935,531
Number of Foreign-Owned Shares	304,301,275
Foreign Ownership Level (%)	28.00 %

Ownership Structure
As of March 31, 2018

Number of Issued and Outstanding Shares	1,103,061,807
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,086,614,467
Number of Foreign-Owned Shares	308,751,789
Foreign Ownership Level (%)	28.41 %

Ownership Structure
As of December 31, 2016

Number of Issued and Outstanding Shares	1,091,530,882
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,075,083,542
Number of Foreign-Owned Shares	292,185,637
Foreign Ownership Level (%)	27.18 %

Ownership Structure
As of September 30, 2016

Number of Issued and Outstanding Shares	1,091,462,631
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,075,015,291
Number of Foreign-Owned Shares	302,477,655
Foreign Ownership Level (%)	28.14 %

Ownership Structure
As of June 30, 2016

Number of Issued and Outstanding Shares	1,089,138,391
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,072,691,051
Number of Foreign-Owned Shares	309,521,992
Foreign Ownership Level (%)	28.85 %

Ownership Structure
As of March 31, 2016

Number of Issued and Outstanding Shares	1,087,954,011
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,071,506,671
Number of Foreign-Owned Shares	313,987,095
Foreign Ownership Level (%)	29.30%

Ownership Structure
As of February 29, 2016

Number of Issued and Outstanding Shares	1,086,142,394
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,702,937
Number of Foreign-Owned Shares	309,305,617
Number of Foreign-Owned Shares	28.92%

Ownership Structure
As of January 31, 2016

Number of Issued and Outstanding Shares	1,086,142,394
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,695,054

Number of Foreign-Owned Shares	305,450,304
Foreign Ownership Level (%)	28.55 %

Ownership Structure
As of December 31, 2015

Number of Issued and Outstanding Shares	1,086,116,895
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,669,555

Number of Foreign-Owned Shares	306,810,170
Foreign Ownership Level (%)	28.68 %

Ownership Structure
As of October 31, 2015

Number of Issued and Outstanding Shares	1,086,090,161
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,642,821

Number of Foreign-Owned Shares	307,546,523
Foreign Ownership Level (%)	28.75 %

Ownership Structure
As of September 30, 2015

Number of Issued and Outstanding Shares	1,086,084,161
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,636,821

Number of Foreign-Owned Shares	304,668,693
Foreign Ownership Level (%)	28.48 %

Ownership Structure
As of August 31, 2015

Number of Issued and Outstanding Shares	1,086,084,161
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,636,821

Number of Foreign-Owned Shares	303,652,148
Foreign Ownership Level (%)	28.39 %

Ownership Structure
As of July 31, 2015

Number of Issued and Outstanding Shares	1,085,684,101
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,069,236,761

Number of Foreign-Owned Shares	306,376,538
Foreign Ownership Level (%)	28.65 %

Ownership Structure
As of June 30, 2015

Number of Issued and Outstanding Shares	1,084,325,099
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,067,877,759

Number of Foreign-Owned Shares	303,556,982
Foreign Ownership Level (%)	28.43 %

Ownership Structure
As of May 31, 2015

Number of Issued and Outstanding Shares	1,084,274,447
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,067,827,107

Number of Foreign-Owned Shares	306,556,897
Foreign Ownership Level (%)	28.71 %

Ownership Structure
As of April 30, 2015

Number of Issued and Outstanding Shares	1,083,263,447
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,816,107

Number of Foreign-Owned Shares	303,524,069
Foreign Ownership Level (%)	28.45 %

Ownership Structure
As of March 31, 2015

Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,793,940

Number of Foreign-Owned Shares	308,477,173
Foreign Ownership Level (%)	28.92 %

Ownership Structure

As of March 31, 2014

Number of Issued and Outstanding Shares	1,083,241,280
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,793,940

Number of Foreign-Owned Shares	308,477,173
Foreign Ownership Level (%)	28.92 %

Ownership Structure

As of October 31, 2014

Number of Issued and Outstanding Shares	1,078,971,014
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,062,523,674

Number of Foreign-Owned Shares	319,831,501
Foreign Ownership Level (%)	30.10 %

Ownership Structure

As of November 30, 2014

Number of Issued and Outstanding Shares	1,083,149,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,702,190

Number of Foreign-Owned Shares	323,231,891
Foreign Ownership Level (%)	30.30 %

Ownership Structure

As of December 31, 2014

Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,790,190

Number of Foreign-Owned Shares	322,260,599
Foreign Ownership Level (%)	30.21 %

Ownership Structure

As of January 31, 2015

Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,790,190

Number of Foreign-Owned Shares	318,397,188
Foreign Ownership Level (%)	29.85 %

Ownership Structure

As of February 28, 2015

Number of Issued and Outstanding Shares	1,083,237,530
Treasury Shares	(16,447,340)
Number of Outstanding Shares	1,066,790,190

Number of Foreign-Owned Shares	315,282,198
Foreign Ownership Level (%)	29.55 %

Top 20 Stockholders

• March 31, 2020
• December 31, 2019
• September 30, 2019
• June 30, 2019
• March 31, 2019
• December 31, 2018
• September 30, 2018
• June 30, 2018
• March 31, 2018
• December 31, 2017
• September 30, 2017
• June 30, 2017
• March 31, 2017
• December 31, 2016
• September 30, 2016
• June 30, 2016
• March 31, 2016
• December 2015
• November 2015
• September 2015
• August 2015
• July 2015
• June 2015
• May 2015
• April 2015
• March 2015
• February 2015
• January 2015
• December 2014
• September 2014
• June 2014
• March 2014
• December 2013
• September 2013
• June 2013
• March 2013
• December 2012
• September 2012
• June 2012

Public Ownership

• 2020
  • March 31, 2020
•  2019
  • December 31, 2019
  • September 30, 2019
  • June 30, 2019
  • March 31, 2019
• 2018
  • December 31, 2018
  • September 30, 2018
  • June 30, 2018
  • March 31, 2018
• 2017
  • December 31, 2017
  • September 30, 2017
  • June 30, 2017
  • March 31, 2017
• 2016
  • December 31, 2016
  • September 30, 2016
  • June 30, 2016
  • March 31, 2016
• 2015
  • December 31, 2015
  • September 30, 2015
  • June 30, 2015
  • March 31, 2015
• 2014
  • December 31, 2014
  • September 30, 2014
  • June 30, 2014
  • March 31, 2014
• 2013
  • December 31, 2013
  • September 31, 2013
  • June 30, 2013
  • March 31, 2013
• 2012
  • December 31, 2012
  • September 2012
  • June 30, 2012
  • March 31, 2012
• 2011
  • December 31, 2011
  • September 30, 2011
  • June 2011
  • March 31, 2011
• 2010
  • December 31, 2010
  • September 30, 2010
  • June 30, 2010
  • March 31, 2010
• 2009
  • December 31, 2012
  • September 31, 2012
  • June 30, 2012
  • March 31, 2012

Foreign Ownership

• March 31, 2020
• December 31, 2019
• September 30, 2019
• June 30, 2019
• March 31, 2019
• December 31, 2018
• September 30, 2018
• June 30, 2018
• March 31, 2018
• December 31, 2017
• September 30, 2017
• June 30, 2017
• March 31, 2017
• December 31, 2016
• September 30, 2016
• June 30, 2016
• March 31, 2016
• December 31, 2015
• September 30, 2015
• June 30, 2015
• March 31, 2015
• December 31, 2014
• June 30, 2014
• April 30, 2014
• September 30, 2010
• December 31, 2009

Historical Stock Price

• 2019 JFC Stock Price
• 2018 JFC Stock Price
• 2017 JFC Stock Price
• 2016 JFC Stock Price
• 2015 JFC Stock Price
• 2014 JFC Stock Price
• 2013 JFC Stock Price
• 2012 JFC Stock Price
• 2011 JFC Stock Price
• 2010 JFC Stock Price
• 2009 JFC Stock Price
• 2008 JFC Stock Price
• 2007 JFC Stock Price
• 2006 JFC Stock Price
• 2005 JFC Stock Price
• 2004 JFC Stock Price
• 2003 JFC Stock Price

Historical Dividends Declaration

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.

JFC Historical Cash Dividends

CASHDIVIDEND(In Pesos)	DECLARATIONDATE	EX-DATE	RECORDDATE	PAYMENTDATE	REMARKS
0.37	28-Apr-09	11-May-09	14-May-09	05-Jun-09
0.48	05-Nov-09	18-Nov-09	23-Nov-09	15-Dec-09
1.43	12-Apr-10	04-May-10	07-May-10	03-Jun-10	Includes special cash dividend of P1.00 per share
0.82	10-Nov-10	22-Nov-10	25-Nov-10	21-Dec-10	Includes special cash dividend of P0.25 per share
0.50	13-Apr-11	02-May-11	05-May-11	31-May-11
0.57	04-Nov-11	17-Nov-11	22-Nov-11	16-Dec-11
0.58	12-Apr-12	04-May-12	09-May-12	31-May-12
1.62	12-Nov-12	27-Nov-12	03-Dec-12	19-Dec-12	Includes special cash dividend of P1.00 per share
0.65	11-Apr-13	02-May-13	07-May-13	30-May-13
2.00	06-Aug-13	16-Sep-13	19-Sep-13	14-Oct-13	Special cash dividend
0.71	12-Nov-13	26-Nov-13	29-Nov-13	16-Dec-13
0.75	07-Apr-14	05-May-14	08-May-14	30-May-14
0.89	12-Nov-14	24-Nov-14	27-Nov-14	18-Dec-14
0.80	07-Apr-15	4-May-15	7-May-15	29-May-15
0.97	09-Nov-15	20-Nov-15	25-Nov-15	9-Dec-15
0.86	06-April-16	18-April-16	21-April-16	06-May-16
1.00	11-Nov-16	23-Nov-16	28-Nov-16	12-Dec-16
1.00	5-Apr-17	17-Apr-17	21-Apr-17	5-May-17
1.18	10-Nov-17	22-Nov-17	27-Nov-17	11-Dec-17
1.14	6-Apr-18	19-Apr-18	23-Apr-18	9-May-18
1.34	9-Nov-18	21-Nov-18	26-Nov-18	10-Dec-18

See all dividends declaration here

Dividends Declarations

• 2020
  • April 7, 2020
•  2019
  • November 11, 2019
  • April 8, 2019
• 2018
  • November 9, 2018
  • April 6, 2018
• 2017
  • November 10, 2017
  • April 5, 2017
• 2016
  • November 11, 2016
  • April 6, 2016
• 2015
  • November 9, 2015
  • April 7, 2015
• 2014
  • November 12, 2014
  • April 07, 2014
• 2013
  • November 12, 2013
  • August 06, 2013
  • April 11, 2013
• 2012
  • November 12, 2012
  • April 12, 2012
• 2011
  • November 04, 2011
  • April 13, 2011
• 2010
  • November 10, 2010
  • April 12, 2010
• 2009
  • November 05, 2009
  • April 28, 2009

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Investors’ Contact

COMPANY HEADQUARTERS

10/F Jollibee Plaza Building

No. 10 F. Ortigas Jr. Avenue

Ortigas Center, Pasig City, Philippines 1605

Telephone: (632) 8634-1111

Website: www.jollibee.com.ph

COMMON STOCK

Jollibee’s common stock is listed and traded on the Philippine Stock Exchange with the ticker symbol “JFC”. It is one of the companies which comprise the PSE Composite Index.

STOCKHOLDERS’ INQUIRIES

Inquiries regarding dividend payments, account status, address changes, stock certificates and other pertinent matters may be addressed to the Company’s registrar and transfer agent:

Rizal Commercial Banking Corporation

Stock Transfer Office

Ground Floor, West Wing

Grepalife Building

221 Senator Gil Puyat Avenue

Makati City

Telephone: (632) 8-892-7566

INSTITUTIONAL INVESTOR INQUIRIES

Further information on Jollibee Foods Corporation is obtainable from the Investor Relations department. Please write or call:

Cossette B. Palomar
Investor Relations Assistant Vice President
Jollibee Foods Corporation

Telephone: (632) 8634-1111

Email: [email protected]