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 principles and practices align management and stockholder interests. Some highlights of our corporate governance policies and practices include: Director Independence Independent Board Chairman 10 of 11 directors are indenpendent Director Elections and Attendance Annual election of all directors Majority voting policy for elections of directors in uncontested elections Proxy access for director nominees by stockholders 95% director attendance at Board and committee meetings in 2019 Board Refreshment and Diversity Directors with experience, qualifications and skills across a wide range of public and private companies Directors reflect a diversity of gender, race and ethnicity Average director age of 56 as of March 27, 2020 Independent and non-management directors may generally not stand for re-election after age 75 Other Governance Practices Active stockholder engagement No shareholder rights plan (also known as a poison pill) Director and executive officer stock ownership policies Policy prohibiting hedging or other speculative trading of Company stock Policy regarding resignation if any director experiences a significant change in professional roles and responsibilities Board access to senior management and independent advisors Committees Chairperson Member Financial Expert Audit Committee Compensation Committee Food Safety and Sustainability Committee Nominating and Governance Committee Fred Hu Nominating and Governance Committee Peter A. Bassi Audit Committee Food Safety and Sustainability Committee Christian L. Campbell Audit Committee Compensation Committee Nominating and Governance Committee Ed Yiu-Cheong Chan Audit Committee Edouard Ettedgui Compensation Committee Food Safety and Sustainability Committee Nominating and Governance Committee Cyril Han Audit Committee Louis T. Hsieh Audit Committee Ruby Lu Compensation Committee Nominating and Governance Committee Zili Shao Food Safety and Sustainability Committee William Wang Compensation 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 Committee Charters Audit Committee Compensation Committee Nominating and Governance Committee Food Safety and Sustainability Committee