SHANGHAI, China – Yum China Holdings, Inc. yesterday (April 19, 2023) 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 May 3, 2023 (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.
Yum China Holdings, Inc. is China’s largest restaurant company. From a single restaurant in 1987, the Company now operates nearly 13,000 restaurants in over 1,800 cities and towns spanning every province and autonomous region across mainland China.
Yum China became an independent publicly traded company on November 1, 2016 on the NYSE. The Company was secondary-listed on the HKEX on September 10, 2020. On October 24, 2022, the Company became dual primary listed on both the HKEX and the NYSE.
They have the exclusive right to operate and sub-license the KFC, Pizza Hut and Taco Bell brands in China, and they own the Little Sheep and Huang Ji Huang concepts outright. They also partner with Lavazza to explore and develop the Lavazza coffee shop concept in China.