Yum China Holdings, Inc. granted 73,612 common shares on 1 June 2026 (U.S. time) to its 11 non-employee directors as annual retainers for the service period covering 1 June 2026–31 May 2027. The awards were made under the company’s 2022 Long Term Incentive Plan (2022 LTIP).

Break-down of share awards • Largest individual grant: Chairman Fred Hu received 13,050 shares. • Other notable grants: Mikel A. Durham 8,447 shares; Edouard Ettedgui 8,098 shares; Christina Xiaojing Zhu 7,573 shares; William Wang 7,632 shares. • The smallest allocation—3,063 shares—went to Min (Jenny) Zhang, reflecting tax-withholding on a gross amount of 4,602 shares.

Pricing reference • New York Stock Exchange closing price on the grant date: US$42.91 per share. • Hong Kong Stock Exchange closing price on the trading day immediately before the grant date: HK$339.20 per share. • At the NYSE closing price, the aggregate equity retainer equates to approximately US$3.16 million.

Vesting and holding requirements • Shares qualify as director retainers and are exempt from the 12-month minimum vesting rule that generally applies under the 2022 LTIP. • Per Yum China’s share-retention policy, directors may not sell these shares until at least 12 months after leaving the board. • No performance targets are attached; clawback provisions do not apply to non-employee director compensation.

Plan capacity • After the transaction, 23.62 million shares remain available for future grants under the 2022 LTIP.

Board composition The board comprises Chairman Dr. Fred Hu, Executive Director Joey Wat, and nine other independent directors: Mikel A. Durham, Edouard Ettedgui, Grace Xin Ge, David Hoffmann, Ruby Lu, Zili Shao, William Wang, Zhe (David) Wei, Min (Jenny) Zhang and Christina Xiaojing Zhu.

The Compensation Committee views equity retainers as aligned with the objectives of the 2022 LTIP. The announcement was released in Hong Kong on 5 June 2026.