SHANGHAI, March 16, 2021 /PRNewswire/ — Yum China Holdings, Inc. (“Yum China”) (NYSE: YUMC and HKEX: 9987) nowadays declared that it has acquired a 5% fairness fascination in Fujian Sunner Enhancement Co., Ltd. (“Sunner”, SZSE: 002299).
Established in 1983 and headquartered in the Fujian Province, Sunner is China’s largest white- feathered hen producer. Sunner has a vertically built-in enterprise design covering the comprehensive manufacturing chain, which principally consists of rooster breeding and farming, feed processing and meat processing.
“We are enthusiastic to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding small business associates. The management crew of Sunner has shown exceptional execution abilities above the decades,” stated Joey Wat, CEO of Yum China. “With this strategic financial investment, we seem ahead to boosting Yum China’s supply chain security and deepening our collaborations with Sunner, which includes in the areas of item advancement and improvements.”
“Yum China has extended been Sunner’s most significant client and an integral part of our progress due to the fact the starting. Sunner is delighted to welcome Yum China as our strategic trader,” reported Guangming Fu, Founder and Chairman of Sunner.
Yum China is the most significant restaurant corporation in China in phrases of 2020 procedure revenue, with 10,506 restaurants in in excess of 1,500 towns at the close of December 2020.
This press release consists of “forward-searching statements” inside the that means of Part 27A of the Securities Act of 1933 and Segment 21E of the Securities Exchange Act of 1934, which includes statements and beliefs relating to the positive aspects of the strategic expense to Yum China’s enterprise. We intend all forward-wanting statements to be lined by the harmless harbor provisions of the Personal Securities Litigation Reform Act of 1995. Forward-seeking statements normally can be determined by the fact that they do not relate strictly to historical or current details and by the use of forward-on the lookout words and phrases this kind of as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook,” “look ahead to” or equivalent terminology. These statements are based on latest estimates and assumptions designed by us in light of our expertise and perception of historical traits, existing conditions and envisioned upcoming developments, as nicely as other things that we feel are proper and reasonable beneath the instances, but there can be no assurance that these kinds of estimates and assumptions will establish to be suitable. Ahead-seeking statements are not guarantees of functionality and are inherently subject to recognized and unknown dangers and uncertainties that are difficult to predict and could induce our true benefits to differ materially from these indicated by these statements. We can not assure you that any of our anticipations, estimates or assumptions will be realized. The ahead-on the lookout statements incorporated in this press launch are only designed as of the day of this press launch, and we disclaim any obligation to publicly update any ahead-hunting assertion to reflect subsequent occasions or situations, apart from as needed by law. All forward- searching statements should be evaluated with the understanding of their inherent uncertainty. You must check with our filings with the Securities and Trade Commission (such as the information and facts established forth below the captions “Risk Factors” and “Management’s Dialogue and Assessment of Money Ailment and Benefits of Operations” in our Annual Report on Type 10-K and subsequent Quarterly Stories on Form 10-Q) for added detail about aspects that could have an effect on our fiscal and other effects.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Models in mainland China. It has unique rights in mainland China to KFC, China’s major rapid-support cafe brand, Pizza Hut, the top everyday dining cafe brand in China, and Taco Bell, a California-primarily based cafe chain serving ground breaking Mexican-inspired foodstuff. 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 explore and build the Lavazza coffee store concept in China. The Corporation experienced 10,506 dining places in over 1,500 towns at the conclude of December 2020. Yum China ranked # 361 on the Fortune 500 checklist for 2020. Yum China has been named the Market Leader for the Cafe & Leisure Facilities Marketplace in the 2020 Dow Jones Sustainability Indices. In 2021, Yum China was named to the Bloomberg Gender-Equality Index and was accredited as a Leading Employer 2021 in China by the Top rated Businesses Institute, both equally for the third consecutive calendar year. For additional details, remember to stop by http://ir.yumchina.com.
Investor Relations Speak to:
Tel: +86 21 2407 7556/+852 2267 5801
Media Make contact with:
Tel: +86 21 2407 7510
Supply Yum China Holdings, Inc.