SHANGHAI, June 30,
2023 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE:
YUMC and HKEX: 9987, "Yum China" or
the "Company") today announced that KFC China has hosted its latest
Public Welfare Awareness Event in Hangzhou. At the event, KFC China announced
the expansion of several corporate social responsibility (CSR)
initiatives that cover a wide range of areas, including supporting
the disadvantaged, preserving the environment and reducing food
waste. KFC China's first Goodwill Ambassador, Olympic Champion Guo
Jingjing, also attended the event.
"Giving back to society is deeply embedded in our culture. We
actively support causes that can have positive impact on the
communities we serve," said Joey
Wat, CEO of Yum China. "We
aim to create an effective platform that inspires people to come
together with a shared purpose and make a difference in our
community."
Warton Wang, General Manager of KFC China, added, "KFC China
will continue leveraging its extensive restaurant network to
further its social responsibility initiatives, with a particular
focus on supporting the disadvantaged, promoting sustainability and
climate action, as well as advocating for healthy lifestyles."
At the event, KFC China announced the following expanded CSR
initiatives:
- As a joint effort between KFC China and the China Children and
Teenagers' Fund, the "KFC Little Migratory Bird Fund" will undergo
significant enhancements, aiming to expand the fund's support for
underprivileged children who face challenges such as poverty and
disabilities. Since 2016, the fund has been promoting the physical
and mental development of left-behind children through reading,
sports, and arts activities across the country. KFC China also
shared that it aims to provide financial assistance to 1,000
children and organize 200 caring and companionship activities by
the end of 2024.
- KFC China launched a reusable serving basket made from KFC's
coffee grounds to promote climate action. The baskets will
initially be rolled out at 1,500 KFC restaurants in Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou, before being progressively
introduced at restaurants nationwide. In addition, KFC China is
committed to introducing more carbon neutral products through
forest planting initiatives in key areas to support environment
protection and restoration.
- KFC China will expand its Food Bank Program, which distributes
free surplus food from its stores. The program is set to be
expanded to more than 700 stores in over 100 cities by the end of
2023, doubling that from 2022. The program reduces food waste and
GHG emissions.
- KFC China unveiled a new "Angel Restaurant" in Hangzhou, the host city for the 19th Asian
Games and 4th Asian Para Games. KFC China will select outstanding
"Angel Employees" from its "Angel Restaurants" to form a special
service team for the Asian Games. The "Angel Restaurants"
initiative creates a welcoming and inclusive workplace for people
with special needs. As of the end of June
2023, KFC China has 36 "Angel Restaurants" in 32 cities,
employing over 200 individuals with special needs each year. These
restaurants are equipped with upgraded visual devices, and custom
visual learning materials to enhance work environment of "Angel
Employees".
Since entering mainland China 36 years ago, KFC China has
remained steadfast in its commitment to social responsibility. With
a network of over 9,200 stores across 1,800 cities, KFC China
strives to utilize its extensive reach as a powerful engagement
platform that brings people together in supporting the
disadvantaged, protecting the environment and fostering a more
caring society.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including under
"2023 Outlook." We intend all forward-looking statements to be
covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
can be identified by the fact that they do not relate strictly to
historical or current facts and by the use of forward-looking words
such as "expect," "expectation," "believe," "anticipate," "may,"
"could," "intend," "belief," "plan," "estimate," "target,"
"predict," "project," "likely," "will," "continue," "should,"
"forecast," "outlook," "commit" or similar terminology. These
statements are based on current estimates and assumptions made by
us in light of our experience and perception of historical trends,
current conditions and expected future developments, as well as
other factors that we believe are appropriate and reasonable under
the circumstances, but there can be no assurance that such
estimates and assumptions will prove to be correct. Forward-looking
statements include, without limitation, statements regarding the
future strategies, growth, business plans, investment, dividend and
share repurchase plans, earnings, performance and returns of
Yum China, anticipated effects of
population and macroeconomic trends, the expected impact of the
COVID-19 pandemic, pace of recovery of Yum
China's business, the anticipated effects of our innovation,
digital and delivery capabilities and investments on growth and
beliefs regarding the long-term drivers of Yum China's business. Forward-looking statements
are not guarantees of performance and are inherently subject to
known and unknown risks and uncertainties that are difficult to
predict and could cause our actual results or events to differ
materially from those indicated by those statements. We cannot
assure you that any of our expectations, estimates or assumptions
will be achieved. The forward-looking statements included in this
press release are only made as of the date of this press release,
and we disclaim any obligation to publicly update any
forward-looking statement to reflect subsequent events or
circumstances, except as required by law. Numerous factors could
cause our actual results or events to differ materially from those
expressed or implied by forward-looking statements, including,
without limitation: whether we are able to achieve development
goals at the times and in the amounts currently anticipated, if at
all, the success of our marketing campaigns and product innovation,
our ability to maintain food safety and quality control systems,
changes in public health conditions, including the COVID-19
pandemic, our ability to control costs and expenses, including tax
costs, as well as changes in political, economic and regulatory
conditions in China. In addition,
other risks and uncertainties not presently known to us or that we
currently believe to be immaterial could affect the accuracy of any
such forward-looking statements. All forward-looking statements
should be evaluated with the understanding of their inherent
uncertainty. You should consult our filings with the Securities and
Exchange Commission (including the information set forth under the
captions "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in our Annual
Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q)
for additional detail about factors that could affect our financial
and other results.
About Yum China Holdings, Inc.
Yum China is the largest
restaurant company in China with a
mission to make every life taste beautiful. The Company has over
400,000 employees and operates over 13,000 restaurants under six
brands across 1,800 cities in China. KFC and Pizza Hut are the leading
brands in the quick-service and casual dining restaurant spaces in
China, respectively. Taco Bell
offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to
develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Yum China has a world-class,
digitalized supply chain which includes an extensive network of
logistics centers nationwide and an in-house supply chain
management system. Its strong digital capabilities and loyalty
program enable the Company to reach customers faster and serve them
better. Yum China is a Fortune 500
company with the vision to be the world's most innovative pioneer
in the restaurant industry. For more information, please visit
http://ir.yumchina.com.
Investor Relations Contact:
Tel: +86 21 2407 7556 /
+852 2267 5801
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 7510
Media@YumChina.com
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SOURCE Yum China Holdings, Inc.