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 Independence Independent Board Chairman 9 of 10 directors are independent 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 99% director attendance at Board and committee meetings in 2021 Board Refreshment and Diversity Board Diversity Policy Directors with experience, qualifications and skills across a wide range of public and private companies Directors reflect diversity of age, gender, race and nationality Average director age of 56 as of April 14, 2022 Independent and non-management directors may generally not stand for re-election after age 75 Other Governance Practices Stockholders holding at least 25% of the Company’s outstanding shares have the right to call special meetings 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 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 Peter A. Bassi Independent Director Audit Committee Food Safety and Sustainability Committee Edouard Ettedgui Independent Director Compensation Committee Nominating and Governance Committee Food Safety and Sustainability Committee Cyril Han Independent Director Audit Committee Louis T. Hsieh 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 Min (Jenny) Zhang Independent Director Audit Committee Compensation Committee Nominating and Governance 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