Yum China launches 10th annual One Yuan Donation program in Xinjiang

2017-06-22 17:30 2101

SHANGHAI, June 22, 2017 /PRNewswire/ -- Micky Pant, CEO of Yum China Holdings, Inc. ("Yum China") (NYSE: YUMC), today visited the Ye Yi Li Gan Elementary School in Xinjiang to officially launch the company's flagship CSR initiative, the 'One Yuan Donation' program which will run in all KFC, Pizza Hut, Taco Bell and East Dawning restaurants across China from 8 July through 23 July, 2017.

Micky Pant, Yum China CEO, with students from Ye Yi Li Gan Elementary School in Xinjiang
Micky Pant, Yum China CEO, with students from Ye Yi Li Gan Elementary School in Xinjiang

Together with representatives of the China Foundation for Poverty Alleviation (CFPA) and the Party Secretary of Akto County, Mr. Pant met students from the school and distributed nutritional meals to them before unveiling the new 'Love Kitchen' that will enable the elementary school to provide regular and nutritional meals for all of its students.

Founded in 2008 in partnership with the CFPA, the One Yuan Donation program invites customers and employees to donate a single yuan to enrich the diets of children in impoverished regions across China. With over 7,600 restaurants, Yum China has a network of fundraising locations across the country which, together with mobile and online donation channels, provides a platform to harness the power of giving through scale.

"I am thrilled to come to the Ye Yi Li Gan Elementary School to personally serve meals that have been made possible by the One Yuan Donation program," said Mr. Pant. "This year marks the 10th year of the program and we are honored to provide a platform for customers and employees to contribute and improve the lives of hundreds of thousands of school children in impoverished regions throughout China."

"While one yuan may seem like a small gesture, collectively it makes an incredible difference and gives children the opportunity for a brighter, healthier future. During the course of 2016, over RMB22.5 million was raised through the campaign, and this extraordinary effort enables us to not only deliver meals, but to provide much needed kitchen equipment to schools across the country."

Since launching the program in 2008, the One Yuan Donation initiative has received more than 100 million donations and become one of the largest public donation campaigns in China. It has raised RMB150 million, provided over 30 million nutritional meals and funded 750 'Love Kitchens', benefiting more than 400,000 children across 8 provinces in China.

Xingzui Wang, Executive Vice President of CFPA, said, "Through Yum China's long term commitment and contribution, the One Yuan Donation program has had a profound impact on the lives of hundreds of thousands of school children in China. We are proud to partner with Yum China to bring better nutrition to Chinese students."

At the event, Mr. Wang presented Yum China with the CFPA award for "Best Strategic Partner" for its longstanding partnership and contribution to poverty alleviation.

From nutritional food to nutritional education

Beyond serving nutritional meals for students, this year the One Yuan Donation program will focus more resources on education to ensure that young people have a better understanding of the value of a nutritious diet and the benefits it has on health and well-being. Booklets explaining the fundamental elements of a healthy diet will be distributed to students in schools throughout the country, which will act as reference materials for them both at school and at home.

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. 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.

To view the original version on PR Newswire, visit:

Source: Yum China Holdings, Inc
Related Stocks: