SHANGHAI, Nov. 30, 2016 /PRNewswire/ -- Yum China Holdings,
Inc. ("Yum China", NYSE:YUMC) today
announced a plan to grant
Restricted Stock Units ("RSUs") to all qualified restaurant general
managers ("RGMs") at KFC, Pizza Hut, Taco Bell, Little Sheep and
East Dawning restaurants owned and operated by the company. Each
eligible RGM will receive a one-time RSU grant valued at
US$2,000.
This stock ownership program, which will see over 6,000 RGMs become shareholders of
Yum China, demonstrates the
company's strong commitment to the "RGM#1" culture.
"Yum China has always had a
principle known as 'RGM#1' because they serve the most vital
leadership role on the front line of our business, and the stock
ownership program gives RGMs the opportunity to participate in the
growth potential of this great company," said Micky Pant, CEO of
Yum China. "This program also aims
to incentivize each RGM to continue to deliver the very highest
standard of service to our customers and the best results of their
restaurants."
About Yum China Holdings
Yum China Holdings, Inc., with executive offices in Shanghai, China, is a licensee of Yum! Brands
in mainland China. It has exclusive rights in mainland China to
KFC, China's leading quick-service restaurant concept, Pizza Hut,
the leading casual dining restaurant brand in China, and Taco Bell, which is expanding
globally and opening in China in
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 has more than 7,300
restaurants and more than 400,000 employees in over 1,100 cities,
and generated over $8 billion in
system sales in 2015. 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.
Media Contacts
Yum China Holdings, Inc.
Forest Liu, +86 21 2407 7505
Director, Financial Media
Brunswick Group
Naomi Tudhope, +86 21 6039
6388
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SOURCE Yum China Holdings, Inc