SHANGHAI, China – Yum China Holdings, Inc. (the “Company” or “Yum China”) on October 23, 2022, announced the effectiveness of the Company’s voluntary conversion of its secondary listing status to a primary listing status on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).
Yum China is now a dual-primary-listed company on the HKEX in Hong Kong and the New York Stock Exchange (“NYSE”) in the United States.
The Company’s common stock listed on the two exchanges will continue to be fully fungible. Also effective today, the Company’s common stock traded on HKEX are now included in both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
“Today marks another important milestone for Yum China. Our conversion to primary listing in Hong Kong is expected to enhance our profile in the global capital markets and bring us even closer to our employees, customers, partners and shareholders.
Our inclusion in both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect opens access to mainland China investors.
We are hopeful that with this new status we will broaden our shareholder base and increase liquidity.
Longer term, we remain dedicated to continually growing our business and strengthening our core advantages to make Yum China even more resilient and agile. We are excited about the journey ahead,” said Joey Wat, CEO of Yum China.
As previously announced, the Company will report its unaudited financial results for the third quarter ended September 30, 2022, at 4:30 p.m. U.S. Eastern Time on Tuesday, November 1, 2022 (4:30 a.m. Beijing/Hong Kong Time on Wednesday, November 2, 2022).
The Company’s management will hold an earnings conference call at 8:00 p.m. U.S. Eastern Time on Tuesday, November 1, 2022 (8:00 a.m. Beijing/Hong Kong Time on Wednesday, November 2, 2022).
For more information, please visit https://ir.yumchina.com/news-releases/news-release-details/yum-china-report-third-quarter-2022-financial-results.
