Little Sheep was listed in Hongkong in 2008, and was called "the first hot pot in China". On February 20 12 1 day, Yum! China Restaurant Group announced that its acquisition of Little Sheep had been successfully completed on the same day. At this point, Little Sheep became a "foreign sheep", became a subsidiary of Yum! Brands, and became a "brother enterprise" with KFC and Pizza Hut. Yum! said on 1 day that it will comprehensively sort out the operation and management of Little Sheep, carry out relevant integration work in a timely manner, and ensure that the integration work will not affect the service quality of Little Sheep to customers.

Former President Lu Wenbing left his post.

Yum! Brands 1 day announced that Lu Wenbing, the former president of Little Sheep, had left his post, and Ms. Xi Ziying, the former general manager of KFC Hangzhou Co., Ltd. in China Division of Yum! Brands, would take over his post. Xi Ziying would be responsible for the development strategy and direction of Little Sheep and further consolidate and enhance its brand influence. Yum said in the announcement that there were no other personnel changes for the time being.

"Pushing Little Sheep to the world will be one of our joint efforts." Su Jingshi 1 day, Vice Chairman of the Global Board of Directors of Yum! Brands and Chairman and CEO of China Division, said that he was eager to make Yum!' s brands such as KFC, Pizza Hut, Pizza Hut, Oriental White and Little Sheep bigger and stronger and become powerful leaders in different catering fields.

The founder no longer sells the remaining shares.

For Zhang Gang, the founder of Little Sheep, after the transaction was completed, Little Sheep turned into a "foreign sheep", and the founder's mood was complicated, so it was difficult to express it accurately. It is reported that after the completion of the acquisition, Zhang Gang will continue to serve as a director of the company and hold the title of "founding chairman"; Another founder, Chen Hongkai, continues to hold his position in the company and holds the title of "founder". After the privatization plan comes into effect, Yum is expected to hold 93.2% of the issued share capital of Little Sheep, and Zhang Gang and Chen Hongkai will hold the remaining 6.8%.

Zhang Gang is still very confident about the future development of Little Sheep. He told the media that he would not sell his equity in Little Sheep again. After this transaction, he will still participate in company management. "Our common goal is to make Little Sheep bigger and stronger and eventually grow into a global brand."