Analyst Coverage Firm Analyst ABCI Paul Pan Redburn Atlantic Edward Lewis Bank of America Chen Luo CCB International Anita Du/ Anita Chu CICC Sijie Lin Citi Xiaopo Wei CITIC Securities Ya Jiang CLSA Ethan Wang China Securities Lewen Liu CMBI Walter Woo Daiwa Sybil Hu DBS Alison Fok Deutsche Bank Han Zhang Goldman Sachs Michelle Cheng Guosen Securities Guang Zeng/Lu Zhang Guotai Junan Securities Yuenan Liu Haitong Yingzhi Xu HSBC Lina Yan Hua Chuang Securities Weina Wang Huatai Xin Mei ICBC Tengzi Wu Industrial Securities Ningxin Yan J.P. Morgan Kevin Yin Jefferies Anne Ling Morgan Stanley Lillian Lou Morningstar Ivan Su Nomura Jizhou Dong Northeast Securities Hui Li Oppenheimer Brian Bittner Quo Vadis Capital John Zolidis SPDB International Richard Lin UBS Christine Peng Yum China Holdings, Inc. is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Yum China Holdings, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Yum China Holdings, Inc. or its management. Yum China Holdings, Inc. does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.