SHANGHAI, March 16, 2021 /PRNewswire/ — Yum China Holdings, Inc. (“Yum China”) (NYSE: YUMC and HKEX: 9987) now declared that it has obtained a 5% fairness desire in Fujian Sunner Progress Co., Ltd. (“Sunner”, SZSE: 002299).
Launched in 1983 and headquartered in the Fujian Province, Sunner is China’s largest white- feathered chicken producer. Sunner has a vertically built-in company product covering the full generation chain, which largely involves hen breeding and farming, feed processing and meat processing.
“We are enthusiastic to become a strategic trader in Sunner, our premier poultry provider. Yum China and Sunner are longstanding business enterprise companions. The administration workforce of Sunner has demonstrated exceptional execution abilities more than the a long time,” said Joey Wat, CEO of Yum China. “With this strategic expenditure, we seem ahead to maximizing Yum China’s supply chain security and deepening our collaborations with Sunner, such as in the parts of merchandise development and innovations.”
“Yum China has lengthy been Sunner’s greatest purchaser and an integral aspect of our growth given that the commencing. Sunner is delighted to welcome Yum China as our strategic investor,” reported Guangming Fu, Founder and Chairman of Sunner.
Yum China is the greatest restaurant company in China in conditions of 2020 technique revenue, with 10,506 eating places in in excess of 1,500 metropolitan areas at the end of December 2020.
This press release is made up of “forward-seeking statements” inside of the this means of Area 27A of the Securities Act of 1933 and Portion 21E of the Securities Trade Act of 1934, including statements and beliefs relating to the rewards of the strategic investment to Yum China’s organization. We intend all forward-wanting statements to be coated by the protected harbor provisions of the Private Securities Litigation Reform Act of 1995. Ahead-on the lookout statements frequently can be determined by the fact that they do not relate strictly to historic or existing facts and by the use of ahead-hunting phrases these types of as “expect,” “expectation,” “believe that,” “anticipate,” “might,” “could,” “intend,” “perception,” “strategy,” “estimate,” “focus on,” “predict,” “likely,” “will,” “must,” “forecast,” “outlook,” “glance forward to” or equivalent terminology. These statements are based on present estimates and assumptions built by us in gentle of our practical experience and perception of historic tendencies, existing disorders and envisioned long run developments, as effectively as other aspects that we consider are acceptable and reasonable below the circumstances, but there can be no assurance that these estimates and assumptions will confirm to be proper. Ahead-seeking statements are not assures of functionality and are inherently topic to identified and unknown threats and uncertainties that are tough to forecast and could result in our actual benefits to differ materially from all those indicated by people statements. We are unable to guarantee you that any of our expectations, estimates or assumptions will be attained. The forward-looking statements included in this push release are only built as of the day of this push launch, and we disclaim any obligation to publicly update any forward-wanting statement to reflect subsequent activities or situation, except as needed by regulation. All ahead- searching statements need to be evaluated with the knowing of their inherent uncertainty. You must seek advice from our filings with the Securities and Trade Fee (including the details established forth under the captions “Possibility Factors” and “Management’s Dialogue and Investigation of Fiscal Affliction and Results of Functions” in our Once-a-year Report on Sort 10-K and subsequent Quarterly Experiences on Sort 10-Q) for supplemental depth about aspects that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Makes in mainland China. It has special legal rights in mainland China to KFC, China’s leading swift-service cafe model, Pizza Hut, the major informal dining cafe model in China, and Taco Bell, a California-dependent cafe chain serving progressive Mexican-impressed foods. Yum China also owns the Minimal Sheep, Huang Ji Huang, East Dawning and COFFii & Joy concepts outright. In addition, Yum China has partnered with Lavazza to explore and build the Lavazza coffee store principle in China. The Firm experienced 10,506 eating places in over 1,500 metropolitan areas at the conclusion of December 2020. Yum China ranked # 361 on the Fortune 500 checklist for 2020. Yum China has been named the Sector Chief for the Cafe & Leisure Facilities Business in the 2020 Dow Jones Sustainability Indices. In 2021, Yum China was named to the Bloomberg Gender-Equality Index and was licensed as a Best Employer 2021 in China by the Prime Companies Institute, equally for the 3rd consecutive year. For far more information, you should visit http://ir.yumchina.com.
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