JustKitchen Opens Exclusive Location in Taoyuan Environmental Science and Technology Park Through Its JKOS Ordering System

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TSXV: JK OTCQB: JKHCF FRA: 68Z

The company will operate a shadow kitchen within Jialong Technology to
Provide catering meals to company employees as well as branded meals
to other Huanke road manufacturers

VANCOUVER, BC, April 14, 2022 /CNW/ – Just Kitchen Holdings Corp. (“JustKitchen” or the “Company”) (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a ghost kitchen operator specializing in developing delivery-only food brands, is pleased to announce the opening of an exclusive ghost kitchen location at Jialong Technology Inc. (“news“) within the Taoyuan Environmental Science and Technology Park (the “Taoyuan Technology Park“), which is the only such domain in Northern Taiwan. The company will also supply JustKitchen-branded meals to other manufacturers located in the Taoyuan Technology Industrial Zone. Located in the Golden Coast area of ​​Guanyin District, Taoyuan City, Taoyuan Technology Park’s main focus areas include electrical and electronic equipment, metal and machinery manufacturing.

JustKitchen (TSXV: JK, OTCQB: JKHCF, FRA: 68Z) Logo (CNW Group/Just Kitchen Holdings Corp.)

The level of local demand for ready meals has been assessed by company management as high, and JustKitchen will be the sole supplier working to supply ready-to-eat meals to makers on Huanke Road in the Taoyuan Technology Industrial Zone. . Similar to the company’s recently announced arrangements in Hsinchu Science Park, the exclusive location at JT’s offices allows JustKitchen to further expand its business-to-business service offering. Under the terms of the commercial agreement, JT will provide all capital expenditure for the shadow kitchen while the Company will pay JT for rent, water and electricity through a profit sharing mechanism.

Taoyuan Tech Park is a new ecological industrial zone with an area of ​​about 77 acres. It is located on a beautiful coastline and its surroundings, landscape and seaside features provide an enriching environment that fosters professional ingenuity and technological innovation. Taoyuan Technology Park is located between Baiyu Lane, Guanyin Lane and Dataan Lane, Guanyin District, Taoyuan City. The north of Guanyin Urban Development Zone is Baiyu District, the south is Tangwei District, and it is adjacent to Dataan Binhai Industrial Special Zone.

Management commentary

“Securing an exclusive shadow kitchen location in Taoyuan Technology Park and being able to provide a high volume of JustKitchen-branded meals to employees of JT, as well as those of other manufacturers in the region using the technology of remote control, is yet another opportunity for us to showcase JKOS,” said Jason Chen, co-founder and CEO of JustKitchen. “This contract allows us to expand the distribution network for our brands in a way that reduces capital expenditure while reaching a large number of captive customers. I attribute this agility to our maturing technology stack and strong brand portfolio,” Chen added. .

ABOUT JUSTKITCHEN

JustKitchen is primarily a ghost kitchen operator specializing in the development and marketing of proprietary and franchised food brands for delivery only to customers. The Company currently operates in Taiwan and hong kong with plans to expand its operations to other Asian countries. JustKitchen uniquely utilizes a hub and spoke operating model, which includes advanced food preparation in larger central kitchens and final meal preparation in smaller spoke kitchens located in high-density areas. The company combines this operating model with online and mobile app-based food ordering performed by third-party delivery companies, to minimize capital investment and operating expenses and reach more customers on underserved markets. The company’s other business, JustMarket, is an online grocery delivery platform that allows customers to purchase groceries for delivery or add certain grocery items to meals ordered through JustKitchen. .

For more information about the company, please visit Investors.justkitchen.com. JustKitchen’s final prospectus, financial statements and MD&A, among other documents, are all available on the company’s profile page on SEDAR at www.sedar.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This press release contains certain “forward-looking statements” within the meaning of such statements under applicable securities laws. Forward-looking statements are often characterized by words such as “expects”, “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “expects”, ” believes”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur, including, but not limited to the Company’s comments regarding the operation of a shadow kitchen in Jialong Technology will provide ready meals to company employees as well as branded meals to other Huanke Road manufacturers; the level of local demand for catered meals assessed by the Company’s management as high; exclusive location in JT offices positions JustKitchen to further expand its B2B service offering; and JT providing all capital expenditure for the shadow kitchen, with the company paying JT for rent, water, and electricity through a profit-sharing mechanism. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are based on the opinions and estimates of management as of the date they are made and are subject to various risks, including the risk factors identified in the Company’s prospectus dated March 26, 2021, and the uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. expressly requires.

SOURCEJust Kitchen Holdings Corp.

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