SHANGHAI, July 24,
2024 /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 August 6,
2024 (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 http://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 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 15,000 restaurants under six
brands across 2,000 cities in China. KFC and Pizza Hut are the leading
brands in the quick-service and casual dining restaurant spaces in
China, respectively. In addition,
Yum China has partnered with Lavazza
to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine.
Taco Bell offers innovative Mexican-inspired food. 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
E-mail: IR@yumchina.com
Media Contact
Tel: +86 21 2407 8288 / +852 2267 5807
E-mail: Media@yumchina.com
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SOURCE Yum China Holdings, Inc.