SHANGHAI, July 16, 2021 /PRNewswire/ -- Yum China Holdings,
Inc. (NYSE: YUMC and HKEX: 9987, "Yum
China" or the "Company") today announced, in compliance with
the Rules Governing the Listing of Securities on The Stock Exchange
of Hong Kong Limited (the "HKEX") which require advance notice of
board meetings at which a dividend is expected to be declared, that
its board of directors (the "Board") will consider the declaration
and payment of a quarterly dividend (the "Dividend"). If the Board
decides to proceed, the declaration will be adopted by Board
resolution on or around July 29, 2021
(Beijing/Hong Kong Time) and will
be promptly disclosed by the Company.
The Company makes available through the Investor Relations
section of its internet website at ir.yumchina.com its filings with
the HKEX as soon as reasonably practicable after electronically
filing such material with the HKEX. These filings may also be
obtained by visiting the HKEX's website at
http://www.hkex.com.hk.
As no Board resolution in relation to the Dividend has been
adopted as of the date of this press release, there is no assurance
that the Dividend will be declared.
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. 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" 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 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. 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, subsequent Quarterly Reports on Form
10-Q and other reports we file with the SEC) for additional
detail about factors that could affect our financial and other
results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in
mainland China. It has exclusive rights in
mainland China to KFC, China's leading
quick-service restaurant brand, Pizza Hut, the leading casual
dining restaurant brand in China, and Taco Bell,
a California-based restaurant chain serving innovative
Mexican-inspired food. Yum China also owns the Little
Sheep, Huang Ji Huang, East Dawning and COFFii & JOY
concepts outright. In addition, Yum
China has partnered with Lavazza to explore and develop the
Lavazza coffee shop concept in China. The Company had 10,725
restaurants in over 1,500 cities at the end of March 2021. Yum
China ranked # 363 on the Fortune 500 list and was named to
TIME100 Most Influential Companies list in 2021. Yum China has
been named the Industry Leader for the Restaurant & Leisure
Facilities Industry in the 2020 Dow Jones Sustainability Indices.
In 2021, Yum China was named to the Bloomberg
Gender-Equality Index and was certified as a Top Employer 2021
in China by the Top Employers Institute,
both for the third consecutive year. For more information,
please visit http://ir.yumchina.com.
Investor Relations Contact
Tel: +86 21 2407 7556 / +852 2267 5801
E-mail: IR@yumchina.com
Media Contact
Tel: +86 21 2407 7510
E-mail: Media@yumchina.com
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SOURCE Yum China Holdings, Inc.