KFC China Expands CSR Initiatives to Support Underprivileged Children, Promote Social Inclusion, and Reduce Environmental Impacts and Food Waste

SHANGHAI,June 30,2023 -- Yum China Holdings,Inc. (NYSE: YUMC and HKEX: 9987,"Yum China" or the "Company") today announced that KFC China has hosted its latest Public Welfare Awareness Event in Hangzhou. At the event,KFC China announced the expansion of several corporate social responsibility (CSR) initiatives that cover a wide range of areas,including supporting the disadvantaged,preserving the environment and reducing food waste. KFC China's first Goodwill Ambassador,Olympic Champion Guo Jingjing,also attended the event.

"Giving back to society is deeply embedded in our culture. We actively support causes that can have positive impact on the communities we serve," said Joey Wat,CEO of Yum China. "We aim to create an effective platform that inspires people to come together with a shared purpose and make a difference in our community."

Joey Wat,CEO of Yum China,Zhu Dongyun,Deputy Secretary-General of the China Children and Teenagers' Fund,and KFC China’s first Goodwill Ambassador,share gift packages with “Little Migratory Bird” representatives

Warton Wang,General Manager of KFC China,added,"KFC China will continue leveraging its extensive restaurant network to further its social responsibility initiatives,with a particular focus on supporting the disadvantaged,promoting sustainability and climate action,as well as advocating for healthy lifestyles."

Warton Wang,Olympic Champion Guo Jingjing at the event

At the event,KFC China announced the following expanded CSR initiatives:

As a joint effort between KFC China and the China Children and Teenagers' Fund,the "KFC Little Migratory Bird Fund" will undergo significant enhancements,aiming to expand the fund's support for underprivileged children who face challenges such as poverty and disabilities. Since 2016,the fund has been promoting the physical and mental development of left-behind children through reading,sports,and arts activities across the country. KFC China also shared that it aims to provide financial assistance to 1,000 children and organize 200 caring and companionship activities by the end of 2024.

KFC China launched a reusable serving basket made from KFC's coffee grounds to promote climate action. The baskets will initially be rolled out at 1,500 KFC restaurants in Beijing,Shanghai,Guangzhou,Shenzhen,and Hangzhou,before being progressively introduced at restaurants nationwide. In addition,KFC China is committed to introducing more carbon neutral products through forest planting initiatives in key areas to support environment protection and restoration.

KFC China will expand its Food Bank Program,which distributes free surplus food from its stores. The program is set to be expanded to more than 700 stores in over 100 cities by the end of 2023,doubling that from 2022. The program reduces food waste and GHG emissions.

KFC China unveiled a new "Angel Restaurant" in Hangzhou,the host city for the 19th Asian Games and 4th Asian Para Games. KFC China will select outstanding "Angel Employees" from its "Angel Restaurants" to form a special service team for the Asian Games. The "Angel Restaurants" initiative creates a welcoming and inclusive workplace for people with special needs. As of the end of June 2023,KFC China has 36 "Angel Restaurants" in 32 cities,employing over 200 individuals with special needs each year. These restaurants are equipped with upgraded visual devices,and custom visual learning materials to enhance work environment of "Angel Employees".

Since entering mainland China 36 years ago,KFC China has remained steadfast in its commitment to social responsibility. With a network of over 9,200 stores across 1,800 cities,KFC China strives to utilize its extensive reach as a powerful engagement platform that brings people together in supporting the disadvantaged,protecting the environment and fostering a more caring society.

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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 over 400,000 employees and operates over 13,000 restaurants under six brands across 1,800 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China,respectively. Taco Bell offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. 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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