JustKitchen appoints two visionaries as founding members of the Strategic Advisory Committee

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Former Uber general manager and Cloudkitchens regional general manager Zeng Warren Added as an expansion consultant for the Asia Pacific region, and Venture capitalist Gene Chuang served as technical advisor

TSXV: JK

Vancouver, British Columbia, May 27, 2021 /CNW/-Just Kitchen Holdings Corp. (“JustKitchen“Or”the company“(TSXV:JK) (Frankfurt: 68Z), an operator of Ghost Kitchen specializing in the development of takeaway food brands for customers, is pleased to announce that the company has recently appointed Mr. Zeng Warren Mr. He Gene Chuang As a founding member of its strategic advisory committee. Mr. Zeng was awarded the title of APAC Expansion Consultant, and Mr. Zhuang was awarded the title of Technical Consultant. The appointments of Mr. Zeng and Mr. Zhuang emphasize JustKitchen’s focus on technology and innovation, which are the cornerstones of its recently announced 2021-2022 international expansion plan.

“We are very pleased to be able to leverage Warren’s proven and successful experience in the growth of Uber Technologies and Cloudkitchens as a whole Asia Pacific Regions and benefit from Gene’s technical expertise and CaliforniaRisk-based capital relations, because we are ready to bring JustKitchen into key markets, such as United States, Philippines with Singapore, Through various arrangements,” Jason Chen, Co-founder and CEO of JustKitchen. Mr. Chen added: “On behalf of the JustKitchen management team and board of directors, I welcome Warren and Gene as consultants. We are humbly inviting talented individuals to invest time, energy and resources in the company.”

Zeng Warren Is an early business operator and angel investor, including his position as a company shareholder.He has extensive experience in establishing and developing companies Southeast Asia with Greater China. Mr. Zeng once served as the general manager (Singapore) At Uber Technologies and served as the regional general manager (Asia-Pacific) Established companies in 8 countries/regions in the Asia-Pacific region in CloudKitchens. Early in his career, Warren was a trader at Credit Suisse and an early technical analyst at Tech Coast Angels Venture Capital Group. He has the following qualifications: UCLA And UCSD, and the MBA from MIT Sloan School of Management.

Gene Chuang He is a technical supervisor in this industry for 24 years. He has been committed to helping develop Internet and mobile application companies, such as Overture, Yahoo! , AT&T Interactive/YellowPages, Chegg, Beachbody/Openfit and Oversee. Recently, he led the engineering team of P.volve and launched their new streaming media adaptability and e-commerce platform. Mr. Zhuang firmly believes in giving back to the technology industry and currently serves as a consultant and angel investor in eight early-stage companies including JustKitchen. Gene is a limited partner investor of the founder of Hyphen Capital Investment AAPI, a mentor to Mucker Capital, a board member of Innovate Pasadena, and runs CTO Slackers , This is a global community of more than 800 technology leaders and founders.He was born Taiwan, And still live in California And has a bachelor’s degree from biochemistry UCLA.

In addition, the company is pleased to announce that it has submitted and obtained the final basic shelf prospectus (hereinafter referred to as “Shelf instructions“) allows companies to provide up to USD 50,000,000 Ordinary shares, warrants, subscription receipts or units or any combination thereof (collectively referred to as “Securities“), the prospectus is valid within the validity period of 25 months. JustKitchen has submitted the prospectus to the securities commissions of the US provinces. Canada, apart from Quebec. The specific terms of any future issuance of securities will be stated in the prospectus addendum to the “Proposal Prospectus”, which will be filed with the applicable securities and regulatory agencies for any such issuance. A copy of the “Shelf Instructions” can be found on SEDAR at: www.sedar.com.

This press release does not constitute an offer or solicitation for an offer, nor shall it be prohibited to sell these securities in any jurisdiction where the offer, offer or sale is deemed illegal before registration or qualification is confirmed in accordance with these regulations. The securities laws of any such jurisdiction.

About JUSTKITCHEN

JustKitchen is mainly the operator of ghost kitchens, dedicated to the development and marketing of proprietary and licensed takeaway-only food brands for customers.The company is currently Taiwan with Hong Kong And plan to expand the business to United States And other Asian countries. JustKitchen uniquely uses a spoke operation mode, which is characterized by advanced food preparation in a larger hub kitchen, and final meal preparation in a smaller spoke kitchen with a higher population density. The company combines this operating model with online and mobile application-based food ordering implemented by third-party delivery companies to minimize capital investment and operating expenses, and attract more customers in underserved markets. Another business of the company, JustMarket, is an e-commerce grocery delivery platform through which customers can purchase groceries for delivery, or add selected groceries to meals ordered through JustKitchen.

For more information about the company, please visit investors.justkitchen.com. JustKitchen’s final prospectus, financial statements, management’s discussion and analysis, and other documents can be found on SEDAR’s company profile page at: www.sedar.com.

Neither TSXV nor its regulated service provider (the term is defined in TSXV’s policy) assumes any responsibility for the adequacy or accuracy of this press release.

Forward-looking statements

This press release contains certain “forward-looking statements” required by applicable securities laws. Forward-looking statements are usually characterized by words such as “expects”, “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, and “may”. , “Will”, “potential”, “proposed”, “positioning” and other similar words, or statements of certain “may” or “will” events or conditions, including but not limited to the company’s development in… And the ability to maintain operations. United States, Philippines with Singapore In 2021-2022; and the ability to achieve organic growth of the company through joint ventures and other arrangements. The risks associated with certain events or conditions include, but are not limited to, the company’s ability to comply with current local regulations from time to time; the ability to find suitable local partners in certain jurisdictions; the ability to find suitable locations for operations; Risks related to the epidemic; and potential changes in the company’s expansion plans, including the decision to cancel or postpone expansion to certain jurisdictions, or determine new expansion jurisdictions. These statements are only predictions. In this press release, various assumptions are used to draw conclusions or make predictions contained in forward-looking statements. Forward-looking statements are made based on the views and estimates of management on the date of the statement, and are subject to a variety of risks, including those risk factors identified in the company’s prospectus at the date of the statement. March 26, 2021, And uncertainties and other factors that may cause actual events or results to differ materially from the forecasts in the forward-looking statements. Unless expressly provided by applicable laws, the company has no obligation to update any forward-looking statements due to new information, future events or other reasons, and has no clear intention or obligation.

SOURCE Just Kitchen Holdings Corp.

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