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  • Yum China (9987 HK) hosted an investor day today covering its key strategies under five
    key categories including KFC, Pizza Hut, coffee, digital and improvement, supply chain and
    financial outlook.
  • The Company has reiterated its long term targets including almost doubling store count to
    20,000 (Dec’20: 10,506), spearheaded by KFC, Pizza Hut, coffee Biz. Of which, Lavazza
    joint-venture is expected to see rapid expansion up to 1,000 stores (22 stores as of Aug’21)
  • The Group aims to deliver high-single digit to double digit growth in system sales growth,
    operating profit and earnings per share growth (before foreign exchange and special item
    impact).
  • The Group will release its 3Q21 results next Thursday (30/9), where the Group has issued a
    business update regarding the challenges caused by COVID-19.