SHANGHAI, November 23, 2023 -- Ms. Joey Wat, Chief Executive Officer of Yum China (NYSE: YUMC and HKEX: 9987), purchased 14,000 shares of Yum China common stock on the Hong Kong Stock Exchange for approximately HK$5.05 million, at the price of HK$360.81 per share, on November 23, 2023. Post transaction, Ms. Wat’s total ownership of Yum China common stock, excluding potential shares issuable in respect of stock appreciation rights, restricted stock units and performance share units, increased to 269,144 shares.

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company has over 400,000 employees and operates over 14,000 restaurants under six brands across 1,900 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. Taco Bell offers innovative Mexican-inspired food. Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world’s most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

Investor Relations Contact:

Tel: +86 21 2407 7556 /+852 2267 5801

IR@YumChina.com

Media Contact:

Tel: +86 21 2407 7510
Media@YumChina.com