Corporate Governance Yum China Holdings, Inc. (“Yum China, or the “Company”) was incorporated in Delaware on April 1, 2016. The business and affairs of the Company are managed under the direction of the Board of Directors. The Board believes that good corporate governance is a critical factor in achieving business success and in fulfilling the Board’s responsibilities to stockholders. The Board believes that its practices align management and stockholder interests.Highlights of our corporate governance policies and practices are described below. Director IndependenceIndependent Board Chairman11 of 13 directors are independentDirector Elections and AttendanceAnnual election of all directors individuallyMajority voting policy for elections of directors in uncontested electionsProxy access for director nominees by stockholders 99% director attendance at Board and committee meetings in 2024Board Refreshment and DiversityBoard Diversity PolicyDirectors with experience, qualifications and skills across a wide range of public and private companiesDirectors reflect diversity of age, gender, race and nationalityAverage director age of 57 as of April 11, 2025Independent and non-management directors may generally not stand for re-election after age 75Other Governance PracticesStockholders holding at least 25% of the Company’s outstanding shares have the right to call special meetingsActive stockholder engagementNo shareholder rights plan (also known as a poison pill)Director and executive officer stock ownership policiesPolicy on insider trading and prohibiting hedging or other speculative trading of Company stockPolicy regarding resignation if any director experiences a significant change in professional roles and responsibilitiesBoard access to senior management and independent advisors Committees Independent Director Chairperson Member Financial Expert Independent Director Audit Committee Compensation Committee Nominating and Governance Committee Food Safety and Sustainability Committee Fred Hu Independent Director Nominating and Governance Committee Joey Wat Robert B. Aiken Food Safety and Sustainability Committee Mikel A. Durham Independent Director Audit Committee Compensation Committee Edouard Ettedgui Independent Director Compensation Committee Nominating and Governance Committee Food Safety and Sustainability Committee Grace Xin Ge Independent Director Audit Committee Compensation Committee Nominating and Governance Committee David Hoffmann Independent Director Audit Committee Food Safety and Sustainability Committee Ruby Lu Independent Director Compensation Committee Nominating and Governance Committee Zili Shao Independent Director Audit Committee Food Safety and Sustainability Committee William Wang Independent Director Compensation Committee Zhe (David) Wei Independent Director Nominating and Governance Committee Food Safety and Sustainability Committee Min (Jenny) Zhang Independent Director Compensation Committee Nominating and Governance Committee Christina Xiaojing Zhu Independent Director Food Safety and Sustainability Committee Documents Governance Documents Amended and Restated Certificate of Incorporation Amended and Restated Bylaws Corporate Governance Principles Code of Conduct Procedures for Shareholders to Propose a Person for Election as a Director Board Diversity Policy Committee Charters Audit Committee Compensation Committee Nominating and Governance Committee Food Safety and Sustainability Committee