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Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

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Yum China Holdings (NYSE: YUMC, HKEX: 9987) has announced that its Board of Directors will consider declaring and paying a quarterly dividend. The Board's decision is expected to be made on or around February 6, 2025 (Beijing/Hong Kong Time). This announcement is made in compliance with Hong Kong Stock Exchange (HKEX) listing rules, which require advance notice of board meetings where dividend declarations are to be considered.

The company emphasizes that no Board resolution regarding the dividend has been adopted yet, and there is no guarantee that the dividend will be declared. If approved, the decision will be promptly disclosed by the company through its investor relations website and HKEX filings.

Yum China Holdings (NYSE: YUMC, HKEX: 9987) ha annunciato che il suo Consiglio di Amministrazione valuterà la possibilità di dichiarare e pagare un dividendo trimestrale. La decisione del Consiglio è prevista per il 6 febbraio 2025 (ora di Pechino/Hong Kong). Questo annuncio è effettuato in conformità con le norme di quotazione della Borsa di Hong Kong (HKEX), che richiedono un preavviso riguardo alle riunioni del consiglio in cui si prenderanno in considerazione le dichiarazioni sui dividendi.

L'azienda sottolinea che non è ancora stata adottata alcuna risoluzione del Consiglio riguardante il dividendo e non c'è alcuna garanzia che venga dichiarato. Se approvato, il provvedimento sarà tempestivamente comunicato dall'azienda attraverso il suo sito web per le relazioni con gli investitori e attraverso le registrazioni HKEX.

Yum China Holdings (NYSE: YUMC, HKEX: 9987) ha anunciado que su Junta Directiva considerará la posibilidad de declarar y pagar un dividendo trimestral. Se espera que la decisión de la Junta se tome el 6 de febrero de 2025 (hora de Pekín/Hong Kong). Este anuncio se realiza en cumplimiento con las reglas de cotización de la Bolsa de Hong Kong (HKEX), que requieren un aviso previo sobre las reuniones del consejo donde se considerará la declaración de dividendos.

La empresa enfatiza que aún no se ha adoptado ninguna resolución de la Junta respecto al dividendo, y no hay garantía de que se declare. Si se aprueba, la decisión se dará a conocer de inmediato a través del sitio web de relaciones con inversores de la empresa y sus presentaciones a la HKEX.

Yum China Holdings (NYSE: YUMC, HKEX: 9987)는 이사회가 분기 배당금을 선언하고 지급하는 것에 대해 고려할 것이라고 발표했습니다. 이사회 결정은 2025년 2월 6일 (북경/홍콩 시간) 전후로 내려질 것으로 예상됩니다. 이 발표는 배당금 선언을 고려하는 이사회 회의에 대한 사전 통지를 요구하는 홍콩 증권 거래소(HKEX)의 상장 규정에 따라 이루어졌습니다.

회사는 배당금에 관한 이사회 결의가 아직 채택되지 않았으며 배당금이 선언될 것이라는 보장이 없다고 강조합니다. 승인될 경우, 회사는 즉시 투자자 관계 웹사이트와 HKEX 제출을 통해 이 결정을 공개할 것입니다.

Yum China Holdings (NYSE: YUMC, HKEX: 9987) a annoncé que son Conseil d'Administration envisage de déclarer et de verser un dividende trimestriel. La décision du Conseil est attendue aux alentours du 6 février 2025 (heure de Pékin/Hong Kong). Cette annonce est faite conformément aux règles de cotation de la Bourse de Hong Kong (HKEX), qui exigent un préavis des réunions du conseil où les déclarations de dividendes seront examinées.

L'entreprise souligne qu'aucune résolution du Conseil concernant le dividende n'a encore été adoptée, et il n'y a aucune garantie que le dividende sera déclaré. En cas d'approbation, la décision sera rapidement communiquée par l'entreprise via son site web de relations investisseurs et ses dépôts auprès de la HKEX.

Yum China Holdings (NYSE: YUMC, HKEX: 9987) hat angekündigt, dass der Vorstand die Möglichkeit einer Ausschüttung einer vierteljährlichen Dividende prüfen wird. Die Entscheidung des Vorstands wird voraussichtlich am 6. Februar 2025 (Peking/Hongkong-Zeit) getroffen. Diese Ankündigung erfolgt gemäß den Listungsregeln der Hongkonger Börse (HKEX), die eine vorherige Ankündigung von Vorstandssitzungen, in denen Dividenden erklärt werden sollen, verlangen.

Das Unternehmen betont, dass noch kein Beschluss des Vorstands über die Dividende gefasst wurde und dass keine Garantie dafür besteht, dass die Dividende erklärt wird. Falls genehmigt, wird die Entscheidung umgehend über die Website für Investorenbeziehungen des Unternehmens und die HKEX-Einreichungen bekannt gegeben.

Positive
  • Potential quarterly dividend distribution to shareholders
  • Compliance with HKEX listing requirements showing good corporate governance
Negative
  • Uncertainty about dividend declaration and amount
  • No guaranteed return for shareholders at this point

SHANGHAI, Jan. 22, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today 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 February 6, 2025 (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 materials 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.

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," "project," "likely," "will," "continue," "should," "forecast," "outlook" 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 or events 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. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. 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 "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

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 approximately 400,000 employees and operates over 15,000 restaurants under six brands across around 2,200 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. 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.

Investor Relations Contact
Tel: +86 21 2407 7556
E-mail: IR@yumchina.com 

Media Contact
Tel: +86 21 2407 8288 / +852 2267 5807
E-mail: Media@yumchina.com 

Cision View original content:https://www.prnewswire.com/news-releases/yum-china-announces-disclosure-under-hong-kong-stock-exchange-rules-in-relation-to-a-possible-quarterly-dividend-302357186.html

SOURCE Yum China Holdings, Inc.

FAQ

When will Yum China (YUMC) make a decision about the quarterly dividend?

Yum China's Board of Directors is expected to make a decision about the quarterly dividend on or around February 6, 2025 (Beijing/Hong Kong Time).

Is the YUMC quarterly dividend guaranteed to be declared?

No, the dividend is not guaranteed. The company explicitly stated that no Board resolution has been adopted yet, and there is no assurance that the dividend will be declared.

Where can investors find information about YUMC's dividend announcement when it's made?

Investors can find the dividend announcement through Yum China's Investor Relations website (ir.yumchina.com) or the Hong Kong Stock Exchange website (www.hkex.com.hk).

Why did Yum China (YUMC) make this advance announcement about a possible dividend?

The announcement was made to comply with Hong Kong Stock Exchange (HKEX) listing rules, which require advance notice of board meetings where dividends are expected to be declared.

Yum China Holdings, Inc.

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