SHANGHAI, Dec. 11, 2020 -- Yum China Holdings, Inc. (the "Company" or "Yum China", NYSE: YUMC and HKEX: 9987) announced that in partnership with the China Foundation for Poverty Alleviation (CFPA), the Company has donated modern kitchen equipment to 70 schools in rural areas of Hubei, as part of the Companys efforts to support the regions post-COVID-19 economic recovery.

To mark the donation, Joey Wat, CEO of Yum China, and other representatives of Yum Chinas senior management team, visited Qingshan School in Hubei, one of the schools sponsored by the program, and donated winter clothing to the students there.

"As society continues to tackle the challenges of COVID-19, it is especially important to ensure that children have access to safe and nutritious food. As the largest restaurant company in China, we are well positioned to support rural areas in this task. By providing modern kitchen equipment to schools we can promote safe and healthy meals, which in turn helps children to be physically prepared to become future leaders and community members," said Joey Wat, CEO of Yum China. "Yum China is committed to standing alongside communities and will continue to explore various ways to extend our poverty alleviation efforts."

The modern kitchen equipment program is part of a larger nationwide CSR initiative aiming to upgrade kitchen facilities and improve food safety in rural schools. To date Yum China has provided modern kitchen equipment to 1,200 schools in 13 provinces across the country, allowing nearly 400,000 students to enjoy healthy and nutritious meals.

"Investing in child nutrition is an investment in the future. By leveraging our respective strengths and encouraging greater social participation, we will continue to work with Yum China to promote improved nutrition for children in rural areas," said Wang Xingzui, Vice-President of CFPA.

Yum China provided targeted support to Hubei in various ways throughout 2020. Immediately after the outbreak of COVID-19, Yum China donated RMB 3 million to support medical workers in Wuhan and recruited employee volunteers to deliver free meals from KFC and Pizza Hut restaurants to hospitals and front-line workers in Wuhan. In addition, Yum China has leveraged its supply chain capabilities to support Hubeis economic recovery by increasing procurement of eligible food ingredients from the province, and developing innovative and locally inspired dishes such as Hot Dry Crayfish Noodles.

Since entering China more than 30 years ago, Yum China has actively supported children in rural areas. The One Yuan Donation program, jointly launched by Yum China and CFPA in 2008, is now in its 13th year. A key focus area of the program is supporting the healthy development of children by donating nutritious meals and modern kitchen equipment to schools in rural areas.

The One Yuan Donation program is also helping children across the country benefit from digital education through the donation of audio-visual equipment and development of remote learning courses for students and teachers.

Yum China is continuously exploring new and innovative ways to fight poverty and expand the reach and impact of its poverty alleviation activities. As Chinas largest restaurant company, Yum China is firmly committed to promoting economic, social, and environmental sustainability, including positively impacting the communities Yum China operates in.

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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, Chinas 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, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. Yum China also partners with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 10,150 restaurants in over 1,400 cities at the end of September 2020. Yum China ranked # 361 on the Fortune 500 list for 2020. 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.