SHANGHAI, Oct. 16,
2024 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE:
YUMC and HKEX: 9987, the "Company" or "Yum
China") is thrilled to celebrate the victory of Jannik Sinner, global ambassador for Lavazza, at
the Rolex Shanghai Masters.
Lavazza, a renowned family-owned Italian coffee company, entered
into a joint venture with Yum China
in early 2020 to develop the Lavazza coffee concept in China. The joint venture had opened over 100
Lavazza stores across the country since then, bringing premium
Italian coffee experiences to Chinese consumers.
During the Rolex Shanghai Masters, the joint venture rolled out
a series of marketing initiatives to elevate Lavazza's brand
presence. As a prestige sponsor of the tournament, Lavazza
introduced a limited-edition "LAVAZZA Shakerato" drink featuring
Jannik Sinner, available exclusively
in China. Fans were also treated
to special accessories, such as tennis balls signed by Sinner and
custom-designed Lavazza coffee cups, reflecting Lavazza's
deep-rooted connection with tennis. Lavazza set up four booths at
the Qizhong Tennis Center, where the Rolex Shanghai Masters took
place, offering special meal sets for attendees and enhancing the
overall event experience.
In addition to its partnership with Lavazza, Yum China is also proud to have Pizza Hut
involved in the Rolex Shanghai Masters. Pizza Hut provided a
variety of signature dishes to enhance the fan experience during
the event, further solidifying Yum
China's presence at one of the most important tennis events
in the region.
The Rolex Shanghai Masters, an ATP Tour Masters 1000 event,
draws top tennis players from around the world. Yum China is honored to be part of this
prestigious event and is committed to providing exceptional service
and culinary experience to audience across China.
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
"2024 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, investments, store
openings, capital expenditures, dividend and share repurchase
plans, CAGR for system sales, operating profit and EPS, earnings,
performance and returns of Yum China, anticipated effects of
population and macroeconomic trends, 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, our ability to control costs and expenses, including
tax costs, as well as changes in political, economic and regulatory
conditions in China, and those set forth under the caption
"Risk Factors" in our Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q). 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 caption "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 approximately 400,000 employees and
operates over 15,000 restaurants under six brands across more than
2,100 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.
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SOURCE Yum China Holdings, Inc.
