About Yum China

Yum China Holdings Co., Ltd. is a leading catering company in China, committed to becoming the world's most innovative food and beverage pioneer. Since the opening of the first restaurant in 1987, Yum China has spread throughout all provinces, cities and autonomous regions in China (except Hong Kong, Macao and Taiwan) by the end of June 2020, operating 9954 restaurants in more than 1400 cities and towns. In 2020, Yum China ranked No. 361 on the Fortune 500 list. Yum China was selected into the Bloomberg gender Equality Index for two consecutive years in 2019 and 2020, and was certified as China's Outstanding employer. Yum China from Yum! Brands (NYSE: YUM) was spun off and listed on the New York Stock Exchange under the symbol YUMC on November 1, 2016. Yum China has the exclusive operation and licensing rights of KFC, Pizza Hut and Taco Bell in the Chinese market, as well as the full ownership of Oriental White, Little Sheep, Huang Ji Huang and COFFii & JOY restaurant chains. After more than 30 years of development, we have become a leading catering company in China not only in the number of stores, but also in terms of brand awareness, social and digital media marketing and communication, national supply chain management, product quality, and innovation. While more than 400000 of Yum China's employees are the backbone of our development, the experienced management team and dedicated frontline partners at Yum are continuing to lead the development of a dynamic, opportunity-facing and joyful corporate culture. On the basis of products such as KFC Fried Chicken, which is popular all over the world, we continue to develop products that meet local tastes, thus building strong customer loyalty. Each of our brands has its own products, many of which are local innovations in China. At the same time, we have also developed many 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 profound consumer knowledge and loyalty, and the products of various brands have been successfully integrated into popular culture and consumers' daily life. We will meet the changing needs of consumers by innovating products, enhancing the dining experience, enhancing mobile connectivity, and continuing to create value. Yum China is full of confidence in the long-term development in the future.