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SHANGHAI, March 16, 2021 /PRNewswire by way of COMTEX/ —
SHANGHAI, March 16, 2021 /PRNewswire/ — Yum China Holdings, Inc. (“Yum China”) (NYSE: YUMC and HKEX: 9987) today announced that it has acquired a 5% fairness desire in Fujian Sunner Development Co., Ltd. (“Sunner”, SZSE: 002299).
Started in 1983 and headquartered in the Fujian Province, Sunner is China’s biggest white- feathered hen producer. Sunner has a vertically integrated small business product masking the whole generation chain, which mostly involves chicken breeding and farming, feed processing and meat processing.
“We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding company companions. The administration crew of Sunner has shown exceptional execution abilities above the yrs,” stated Joey Wat, CEO of Yum China. “With this strategic expense, we search ahead to maximizing Yum China’s offer chain stability and deepening our collaborations with Sunner, which includes in the places of product enhancement and innovations.”
“Yum China has extensive been Sunner’s most significant customer and an integral component of our development since the commencing. Sunner is delighted to welcome Yum China as our strategic trader,” said Guangming Fu, Founder and Chairman of Sunner.
Yum China is the greatest cafe business in China in conditions of 2020 program revenue, with 10,506 dining establishments in over 1,500 towns at the finish of December 2020.
Ahead-On the lookout Statements
This press release contains “forward-wanting statements” in just the this means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, like statements and beliefs concerning the positive aspects of the strategic investment decision to Yum China’s small business. We intend all ahead-on the lookout statements to be coated by the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-searching statements generally can be discovered by the fact that they do not relate strictly to historic or latest specifics and by the use of forward-looking text this kind of as “be expecting,” “expectation,” “believe that,” “foresee,” “could,” “could,” “intend,” “perception,” “approach,” “estimate,” “focus on,” “forecast,” “very likely,” “will,” “should,” “forecast,” “outlook,” “glance ahead to” or very similar terminology. These statements are dependent on recent estimates and assumptions produced by us in mild of our encounter and perception of historic traits, current situations and expected potential developments, as very well as other elements that we believe that are proper and realistic underneath the situation, but there can be no assurance that this sort of estimates and assumptions will verify to be accurate. Forward-searching statements are not guarantees of effectiveness and are inherently subject to recognized and mysterious challenges and uncertainties that are complicated to predict and could induce our genuine benefits to differ materially from those people indicated by these statements. We are not able to guarantee you that any of our expectations, estimates or assumptions will be attained. The forward-hunting statements incorporated in this push release are only manufactured as of the date of this push launch, and we disclaim any obligation to publicly update any ahead-seeking statement to replicate subsequent functions or circumstances, apart from as necessary by regulation. All ahead- looking statements need to be evaluated with the comprehension of their inherent uncertainty. You need to check with our filings with the Securities and Exchange Fee (like the facts established forth below the captions “Danger Elements” and “Management’s Discussion and Evaluation of Financial Issue and Success of Operations” in our Yearly Report on Variety 10-K and subsequent Quarterly Studies on Kind 10-Q) for further detail about factors that could impact our fiscal and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brand names in mainland China. It has exclusive legal rights in mainland China to KFC, China’s foremost fast-provider restaurant model, Pizza Hut, the top casual dining restaurant manufacturer in China, and Taco Bell, a California-centered cafe chain serving progressive Mexican-impressed food. Yum China also owns the Tiny Sheep, Huang Ji Huang, East Dawning and COFFii & Joy concepts outright. In addition, Yum China has partnered with Lavazza to check out and build the Lavazza coffee store principle in China. The Corporation had 10,506 dining establishments in in excess of 1,500 metropolitan areas at the close of December 2020. Yum China ranked # 361 on the Fortune 500 record for 2020. Yum China has been named the Business Chief for the Restaurant & Leisure Facilities Field in the 2020 Dow Jones Sustainability Indices. In 2021, Yum China was named to the Bloomberg Gender-Equality Index and was licensed as a Top Employer 2021 in China by the Top Employers Institute, the two for the third consecutive year. For additional data, make sure you visit http://ir.yumchina.com.
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