Nanjing KFC

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) is the largest restaurant company in China, with the mission of "Making Life Taste Better." Since the opening of its first restaurant in 1987, as of the end of June 2023, it operates over 13,000 restaurants in more than 1,900 cities. In 2022, Yum China was included in the Dow Jones Sustainability Indices (Global Index and Emerging Markets Index) for the third consecutive year. In 2023, Yum China was included in the Bloomberg Gender-Equality Index for the fifth consecutive year and was certified as a Top Employer in China by the Top Employers Institute. As a Fortune 500 company, Yum China's vision is to become the world's most innovative pioneer in the restaurant industry.
After spinning off from Yum! Brands (NYSE: YUM), Yum China was independently listed on the New York Stock Exchange on November 1, 2016. The company had a secondary listing on the Hong Kong Stock Exchange on September 10, 2020. On October 24, 2022, the company became dual-primary listed on both the Hong Kong Stock Exchange and the New York Stock Exchange. Yum China holds the exclusive operating and licensing rights for the KFC, Pizza Hut, and Taco Bell brands in the Chinese market, and fully owns the Little Sheep and Huang Ji Huang chain restaurant brands. Yum China also collaborates with Italian coffee company Lavazza to explore and develop Lavazza coffee shops in China.
After more than thirty years of development, we have become a leading restaurant company not only in terms of the number of stores but also in brand awareness, social and digital media marketing and communication, national supply chain management, product quality, and innovation. Over 400,000 employees at Yum China are the pillar of our development. Meanwhile, our experienced management team and dedicated frontline partners continue to drive a vibrant, opportunity-facing, and joyful corporate culture.
Based on products such as the world-famous KFC Original Recipe fried chicken, we continuously develop products that cater to local tastes, thereby building strong customer loyalty. Each of our brands has its own exclusive products, many of which are innovations created in China. We also develop numerous proprietary products and seasonings to provide consumers with delicious, convenient, and high-quality food. Through years of development and accumulation in China, we have gained deep consumer insight and loyalty, and our brands' products have successfully integrated into popular culture and consumers' daily lives.
We will meet consumers' ever-changing needs through innovative products, enhanced dining experiences, enhanced mobile connectivity, and continuous value creation. Yum China is confident in its long-term future development.