PSE Circular for Brokers No. 1072-98

May 20, 1998 PSE CIRCULAR FOR BROKERS NO. 1072-98 SEC FORM 11-C CURRENT REPORT PURSUANT TO SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11 (b)(3) THEREUNDER 1. Date of Report May 14, 1998 2. Commission Identification number 77487 3. BIR Tax Identification No. 000-388-771 4. JOLLIBEE FOODS CORPORATION Exact name of registrant as specified in its charter 5. PHILIPPINES Province, country or other jurisdiction of incorporation or organization 6. Industry Classification Code [ ] (SEC Use Only) 7. 5/F JOLLIBEE CENTRE BUILDING, SAN MIGUEL AVENUE, PASIG CITY Address of registrant's principal office 1600 Postal Code 8. (632) 634-1111 Registrant's telephone number, including area code 9. N/A Former name or former address, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of each Class Number of Shares of common stock outstanding Common 954,000,000 11. Item 9. Other Events A. List of Directors elected during the Annual Stockholders' Meeting held on May 08, 1998 at PSE Auditorium, Philippine Stock Exchange Centre, Exchange Road, Pasig City and the List of Executive Officers as of May 08, 1998: BOARD OF DIRECTORS Tony Tan Caktiong Chairman of the Board Felipe B. Alfonso Director Ang Cho Sit Director Antonio Chua Poe Eng Director Washington Z. SyCip Director Ernesto Tanmantiong Director William Tan Untiong Director EXECUTIVE OFFICERS Tony Tan Caktiong President and Chief Executive Ernesto Tanmantiong Executive Vice President Chief Operating Officer and Asst. Corporate Secretary William Tan Untiong Corporate Secretary Treasurer and VP-Real Estate Rufino L. de la Rosa VP-Finance Annabelle R. Carlos VP-Operations Belen O. Rillo VP-Commissary Evaristo S. Francisco Jr. VP-Engineering Roberto T. Poblete VP-Human Resources Manolo P. Tingzon VP-International Operations Ma. Regina B. Navarrete VP-Marketing Claro F. Certeza VP-Legal Remedios V. Baclig VP-Research and Development Augusto C. Verzosa VP-Information Technology B. The guaranty granted by the Company in favor of Queenbee for the prompt performance of the obligations under the terms of the Warrant Instrument, specifically: a. delivery of the underlying shares for transfer or sale to or to the order of the Warrant holders upon exercise of the Warrants: b. payment of certain expenses due on the sale of the Underlying shares to the extent of the maximum liability of Queenbee Resources Corporation; and c. payment of the Operating Expenses of Queenbee Resources except income or other taxes due on Queenbee Resources Corporation's operations. has been approved and ratified. LLjur SIGNATURE Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JOLLIBEE FOODS CORPORATION Registrant (SGD.) ERNESTO TANMANTIONG Assistant Corporate Secretary