Manila, Philippines — September 9, 2026 — Listed PhilWeb Corporation (“PhilWeb” or the “Company”; PSE: WEB) today announced the execution of definitive agreements for an investment representing an approximately 30% strategic equity interest in JKS Tech Solutions, Inc. (“JKS”), a profitable B2B technology, platform, and digital infrastructure company with an established presence serving licensed mid-market operators in the digital entertainment sector.
The aggregate subscription consideration for the strategic investment is approximately ₱4.226 billion.
Capital-Efficient Funding and Balance Sheet Strengthening
The transaction has been structured without reliance on new external debt financing, reflecting PhilWeb’s broader strategy of optimizing and redeploying capital resources toward higher-productivity strategic assets.
As a key component of the overall transaction structure, PhilWeb has agreed to sell 81,380,792 common shares from its existing treasury stock to JKS at ₱16.50 per WEB common share, generating approximately ₱1.343 billion in proceeds that will be redeployed toward the investment.
PhilWeb’s historically reported negative equity has been significantly influenced by the accounting treatment of treasury shares, which are recorded as a deduction from shareholders’ equity. The monetization of a portion of these treasury shares therefore enables the Company to put previously non-yielding capital back to productive use while materially strengthening its equity position and capital structure.
Rather than increasing financial leverage to pursue growth, PhilWeb is reallocating capital toward an established and profitable B2B technology and digital infrastructure business with the potential to broaden the Company’s earnings base and strengthen its long-term operating platform.
Based on unaudited management accounts, JKS currently generates approximately US$35 million in annual net income, reflecting an established earnings base and recurring B2B operations. PhilWeb expects its strategic interest in JKS to contribute meaningfully to the Company’s future earnings profile, subject to JKS’s actual operating performance and the applicable accounting treatment.
“JKS combines an established earnings base with a scalable, asset-light B2B operating model and a highly complementary market position,” said Lance Y. Gokongwei, Chairman of PhilWeb Corporation. “The transaction reflects disciplined capital allocation — putting existing capital resources to more productive use while strengthening the broader PhilWeb platform and creating sustainable long-term value for shareholders.”
Expanding Scale and Unlocking Operating Synergies
The strategic rationale for the investment extends well beyond the addition of new customers. PhilWeb and JKS bring complementary market positions, technology capabilities, and operating infrastructure that create multiple opportunities for integration and operating leverage.
• Broader Market Coverage: PhilWeb has established relationships with major licensed operators, integrated casino resorts, global content providers, and technology partners, while JKS has built a strong presence among licensed mid-market operators. Together, the two platforms can serve a broader spectrum of the regulated digital entertainment market.
• Technology and Systems Integration: PhilWeb intends to progressively integrate selected backend systems, platform infrastructure, monitoring tools, data capabilities, and operational technologies across the two businesses to improve system efficiency, reliability, and scalability while reducing duplicated technology development.
• Shared Operations and Cost Efficiency: The larger operating base creates opportunities to coordinate selected customer service, technical support, compliance, risk management, reporting, and other shared operating functions, creating greater operating leverage as the ecosystem scales.
• AI and Data at Greater Scale: The expanded network provides a broader operating environment for PhilWeb’s AI-enabled technology roadmap, including real-time operational monitoring, algorithmic risk management, regulatory compliance automation, anti-fraud detection, and data-driven platform intelligence.
• Greater Ecosystem Economics: A larger combined operator network strengthens PhilWeb’s ability to scale relationships with global content and technology providers, reuse integration capabilities, improve distribution efficiency, and enhance overall platform economics.
“JKS brings both meaningful earnings and a highly complementary operating platform to PhilWeb,” said Brian Ng, President of PhilWeb Corporation. “The opportunity is not simply to combine market reach. By progressively integrating our technology, systems, data, and shared operating capabilities, we believe we can build a more efficient and scalable infrastructure platform with stronger long-term economics.”
Building a Broader Digital Infrastructure Ecosystem
PhilWeb’s existing interconnected B2B digital ecosystem includes relationships with leading licensed operators and integrated resorts including Okada Manila, Hann Casino Resort, Newport World Resorts, NUSTAR Resort and Casino, FBM Philippines, and PT Gaming, alongside strategic content relationships with global providers including Pragmatic Play and Games Global.
The addition of JKS further expands the reach and capabilities of this ecosystem. By combining an established recurring earnings base, complementary market coverage, increasingly integrated technology, and shared operating capabilities, PhilWeb strengthens its position as a key B2B technology and infrastructure platform serving the regulated digital entertainment sector.