As the Chinese legal adviser to Yum China Holdings, Inc. (Yum China, stock code: HKEX: 9987; NYSE: YUMC), Jingtian & Gongcheng acted on the secondary listing of the company on the Main Board of the Hong Kong Stock Exchange (HKEX), with approximately HKD 17.002 billion raised.

Yum China owns the exclusive rights for and operates three independent and authorized brands including KFC, Pizza Hut, and Taco Bell, as well as franchise restaurant brands including East Dawning, Little Sheep, Huang Ji Huang, and COFFii & JOY. The company also partnered with Lavazza to explore and develop the Lavazza coffee shop concept in China. By June 30, 2020, Yum China had opened over 9,900 restaurants.

Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the secondary listing of Yum China in Hong Kong, including legal due diligence, issuing legal opinions, and responding to regulatory inquiries, further strengthening our relationship with the client.

With significant experience in serving the food and beverage sector, and more specifically, the catering industry, Jingtian & Gongcheng has helped many renowned enterprises to launch their public offerings on stock exchanges in Hong Kong, the U.S., Singapore, and other markets. These enterprises include Haidilao Hot Pot (06862.HK), Tai Hing Group (06811.HK), Xiao Nan Guo (03666.HK), Tsui Wah Holdings (01314.HK), Tang Palace (China) Holdings Ltd. (01181.HK), Little Sheep (00968.HK), Fuling Group (01443.HK), 1957 & Co. (08495.HK) and Country Style Cooking (CCSC.NYSE). This deep industry and capital markets experience enables us to provide professional, customized legal services relating to investment and financing of catering companies as well as their further development.