Joseph Chan

Yum China

Yum China Holdings, Inc. is China's largest restaurant company with a mission to make every life taste beautiful. From a single restaurant in 1987, the company operated nearly 13,000 restaurants in over 1,800 cities spanning every province and autonomous region across mainland China as of the end of 2022. In 2022, Yum China was selected as a member of both Dow Jones Sustainability Indices (DJSI): World Index and Emerging Market Index for the third consecutive year. In 2023, Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer in China by the Top Employers Institute. We now have the exclusive right to operate and sub-license the KFC, Pizza Hut and Taco Bell brands in China, and we own the Little Sheep, Huang Ji Huang concepts outright. We also partner with Lavazza to explore and develop the Lavazza coffee shop concept in China. Over the past three decades, we have become a leading restaurant business in China, not just in terms of our footprint, but also in brand awareness, social media and digital engagement, national supply chain management, product quality and innovation. Our more than 400,000 employees are the backbone of our business and our experienced management team continue to foster a culture that is based on energy, opportunity and fun. We build strong consumer loyalty by developing menus that cater to local tastes in addition to offering global favorites like KFC's Original Recipe chicken. Each of our brands has proprietary menu items, many developed in China, as well as unique recipes and special seasonings to provide tasty and convenient food, all made with many high quality ingredients. We are dedicated to serving our customers' evolving needs by enhancing the in-store experience, improving mobile connectivity, introducing innovative new products, and constantly delivering value. With a rapidly growing consumer class and increasing urbanization, Yum China is well positioned for long term growth.