SHANGHAI, Feb. 20, 2020 /PRNewswire/ -- Yum China Holdings,
Inc. (the "Company" or "Yum China")
(NYSE: YUMC) today announced that it has been actively mobilizing
resources in a multi-pronged response to the outbreak of novel
coronavirus (COVID-19). As part of its efforts, the Company
immediately introduced enhanced preventative health measures that
prioritize the health of employees and customers, including the
introduction of innovative new contactless delivery and corporate
catering services. Yum China has
also donated funding, free meals, and volunteer time to support
medical workers on the frontline.
![Medical workers enjoying free KFC meals Medical workers enjoying free KFC meals](https://mma.prnewswire.com/media/1093475/Yum_China.jpg)
"Throughout our response efforts, the health and safety of our
employees and customers remains our top priority. My sincere
appreciation goes to our employees who are working tirelessly to
ensure that millions of people have access to healthy and
nutritious meals," said Joey Wat,
CEO of Yum China. "Yum China has a long-standing commitment to
corporate social responsibility, including supporting the community
during times of difficulty. While there are significant challenges,
I believe there are also opportunities for Yum China to provide practical support to those
working on the frontline. We will continue to stand shoulder to
shoulder with communities to respond to and recover from the
outbreak."
Yum China has donated
RMB 3 million to support hospital
workers in Wuhan, and the
Company's brands are also contributing in other ways. Since
January 27, the KFC and Pizza Hut
brands have been providing up to 1,500 free meals every day to
medical workers in hospitals across Wuhan. The initiative has since been expanded,
resulting in the delivery of over 70,000 free meals to nearly 500
hospitals and community health centers across mainland China. In
addition, the Little Sheep brand has donated 20,000 instant
hot-pots to numerous organizations actively involved in efforts to
combat the coronavirus.
Once the outbreak was confirmed by the relevant authorities,
Yum China acted quickly to put in
place robust measures to help maintain the safety of employees and
customers, while ensuring the continuity of services where
appropriate. These measures include enhanced disinfection
procedures, mandatory body temperature checks for all employees and
the provision of protective masks. Yum
China employees are being given additional support,
following the launch of a recently upgraded employee insurance
policy and a dedicated employee support hotline.
The Company's brands have also introduced innovative new
services. Since January
30th, the KFC and Pizza Hut brands in
China have rolled out contactless
delivery services nationwide and contactless in store pick-up
services at selected locations in China. These services help reduce the risk of
person-to-person transmission of the coronavirus and have been well
received by customers. In addition, with companies gradually
returning to work following the extended Chinese New Year break,
corporate catering services are helping employers to offer healthy
and reliable dining options to their staff. To provide greater
support and convenience for corporate customers, the KFC and Pizza
Hut brands in China have launched
an upgraded range of corporate catering solutions.
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. 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," "likely," "will," "should,"
"forecast," "outlook," "look forward to" 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 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. 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) 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, East Dawning and COFFii
& JOY concepts outright. The Company had 9,200 restaurants in
over 1,300 cities at the end of December
2019. Yum China ranked # 362
on the Fortune 500 list for 2019. In 2020, Yum China was named to the Bloomberg
Gender-Equality Index and was certified as a Top Employer 2020 in
China by the Top Employers
Institute, both for the second consecutive year. For more
information, please visit http://ir.yumchina.com.
Investor Relations Contact:
Tel: +86 21 2407 7556
IR@YumChina.com
Media Contact:
Tel: +86 21 2407 7510
Media@YumChina.com
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SOURCE Yum China Holdings, Inc.