Reaffirms commitment to supporting nutrition research
SHANGHAI, May 23, 2017 /PRNewswire/ -- Yum China Holdings,Inc. (the "Company" or "Yum China") (NYSE: YUMC) announced that it has partnered with the Chinese Nutrition Society ("CNS"), China's top professional organization dedicated to the research and application of best nutrition
The Foundation, which aims to promote a balanced and nutritious diet for Chinese citizens, was launched during China's 13th National Nutrition Science Congress held on 22-24 May in Beijing. With support from the Foundation, the Chinese Nutrition Society plans to expand its research into China's restaurant industry and increase its focus on public nutrition education, as well as initiatives to promote balanced diets.
Yang Yuexin, President of the Chinese Nutrition Society, said, "We are pleased to collaborate with Yum China, China's leading restaurant company, to establish the CNS-Yum China Dietary Health Foundation. With this Foundation, we hope to encourage more Chinese people to embrace balanced nutritious diets."
Alice Wang, Senior Vice President of Public Affairs of Yum China, said, "We are honored to partner with China's most influential nutrition organization on this important initiative. Through our joint efforts, we look forward to furthering nutrition research and building understanding of healthy dietary habits among China's urban population."
Yum China has a long history of supporting research into nutrition and balanced diets. In 2007, Yum China and the China Red Cross Foundation established the KFC China Health Foundation, and over the past 10 years, Yum China has provided approximately RMB 15 million (approximately USD 2.2 million) to support over 50 science research and education programs to improve the eating habits of Chinese people. Through partnership with the Chinese Nutrition Society, the original KFC China Health Foundation has been transformed into the CNS-Yum China Dietary Health Foundation.
Yum China's restaurants across the country actively participate in public health and nutrition campaigns to expand understanding of the importance of good nutrition. Over the past two years, Yum China's flagship restaurant chain, KFC China, has promoted China's National Nutrition Week. In 2017, thousands of KFC China restaurants produced illustrated paper tray mats to broaden nutritional awareness - reaching over 30 million customers. The Company also organizes an annual KFC 3x3 Basketball Championship and sponsors multiple marathons and other sporting events across the country.
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," "likely," "will," "should," "forecast," "outlook", "look forward" 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 "Forward-Looking Statements" 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, which opened its first restaurant in China at the end of 2016. Yum China also owns the Little Sheep and East Dawning concepts outright. Yum China is well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers' daily lives, expanding geographic footprint in China and existing operational expertise. It has a strong capital position, no external debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China had more than 7,600 restaurants and more than 420,000 employees in over 1,100 cities at the end of February 2017. A new generation of younger consumers who are digitally sophisticated and brand driven are fueling growth in consumption in China. The ongoing growth of the middle class and urban population in China is expected to create the world's largest market for restaurant brands, with Yum China poised to be the market leader.
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SOURCE Yum China Holdings, Inc
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