Yum China

Yum China Holdings, Inc. is a globally renowned restaurant company, dedicated to becoming the world's most innovative restaurant pioneer. Since the opening of its first KFC restaurant in 1987, as of the end of December 2020, Yum China has established a presence across all provinces, municipalities, and autonomous regions in China (excluding Hong Kong, Macao, and Taiwan), operating over 10,000 restaurants in more than 1,400 cities and towns. In 2020, Yum China ranked 361st on the Fortune 500 list of largest U.S. corporations. Yum China was selected for the Bloomberg Gender-Equality Index for three consecutive years from 2019 to 2021 and was certified as a Top Employer in China.

After being spun off from Yum! Brands (NYSE: YUM), Yum China became independently listed on the New York Stock Exchange on November 1, 2016, under the ticker symbol YUMC. On September 10, 2020, it was officially listed on the Main Board of The Stock Exchange of Hong Kong Limited under stock code 9987. Yum China holds the operating and franchise rights for three brands in the Chinese market: KFC, Pizza Hut, and Taco Bell, and fully owns the restaurant chains East Dawning, Little Sheep, Huang Ji Huang, and COFFii & JOY. Yum China also collaborates with Lavazza to explore and develop the Lavazza coffee shop brand concept in China.

After more than three decades of development, we have become a leading restaurant company in China not only in terms of store count but also in brand awareness, social and digital media marketing and communication, national supply chain management, product quality, and innovation. Yum China's over 400,000 employees are the pillars of our development. Meanwhile, the experienced management team and dedicated frontline partners who have accumulated experience at Yum China are continuing to develop a vibrant, opportunity-oriented, and joyful corporate culture.

Building on products such as the globally popular KFC Original Recipe Fried Chicken, we continuously develop products that cater to local tastes, thereby establishing strong customer loyalty. Each of our brands has its own exclusive products, many of which are local innovations in China. We have also developed numerous unique products and seasoning products to provide consumers with delicious, convenient, and high-quality food. Through years of development and accumulation in China, we have gained deep consumer knowledge and loyalty, and the products of each brand have successfully integrated into popular culture and consumers' daily lives.

We will meet consumers' evolving needs through innovative products, enhanced dining experiences, strengthened mobile connectivity, and continuous value creation. Yum China is full of confidence in its long-term future development.

For more information about Yum China, please visit the Yum China official website.