Frequently Asked Questions Frequently Asked Questions Show All Where was Yum China incorporated? What is the location of Yum China’s headquarter? Yum China was incorporated in Delaware on April 1, 2016. Our headquarter is at No. 20 Tianyaoqiao Road, Shanghai. Questions related to dividend Does Yum China pay a dividend on its stock? You may refer to the Dividend and Share Repurchases page for our dividend payment history. Future dividends are subject to board approval. How do I enroll to have my dividends reinvested? Computershare, our dividend disbursing agent, is also the administrator of a dividend reinvestment program (DRIP) for our common stock. You may enroll to have your dividends reinvested by accessing the Plan Administrator’s website at www.computershare.com/investor. You may also enroll to have your dividends reinvested by completing the Dividend Reinvestment stub attached to your dividend check, or by sending a letter of instruction to the Plan Administrator. For more information, you may refer to the Plan Administrator’s website at www.computershare.com/investor. Questions related to share repositioning 1. Can shareholders reposition their YUMC share positions from the NYSE to HKEX, or vice versa? Yes, the shares traded in NYSE and HKEX are of the same class and type, and are fully fungible with each other. The shares can be repositioned from the US to Hong Kong, and vice-versa, through the standard cross-border services of Computershare. The process varies slightly depending on how and where shares are currently held. Please refer to the specific FAQ below which relates to your current shareholding positions. 2. Share repositioning for shareholders holding shares through a broker/custodian If your shares are held through a broker/custodian, please contact them to request share repositioning. Broker/custodian will make the arrangements on behalf of their clients. In situations when the general customer service representative of your broker/custodian is not familiar with the process, you may request to speak with their subject matter experts. If they are still not familiar with the process, please ask them to reach out to Computershare (see contact information below). 3. Share repositioning for shareholders holding shares directly in their name To reposition shares from the US to Hong Kong: Request a “Register Reposition Form” by emailing Computershare US Return the completed form* to Computershare US If you shares are in certificated form, return the completed form with the share certificate(s). Once validated, Computershare US will liaise with Computershare HK for the repositioning of shares in the form specified in the shareholder’s instruction (CCASS or certificate). To reposition shares from Hong Kong to the US Download the “Register Reposition Form” from Computershare HK website by searching the company stock code “9987”. Return the completed form with the share certificate(s) representing the full number of shares being repositioned to Computershare HK. Once validated, Computershare HK will liaise with Computershare US for the repositioning of shares in the form specified in the shareholder’s instruction (either in DRS form or through a DTC participant account). 4. How long does it take to reposition shares? The repositioning of shares will take at least 3 business days from the time all the required information and valid documents are provided to Computershare. The exact processing time will vary based on the level of service being requested. For a more precise indication on the timing of your request, please contact Computershare directly. For investors holding securities through a broker/custodian, additional time (usually 1-2 weeks) may be needed for them to facilitate your instruction. Please contact your broker/custodian directly for the total time required to complete the transaction. 5. Are there administration fees payable for the repositioning of shares? There are fees chargeable by Computershare to reposition shares. Details of these fees can be requested from Computershare. For investors holding securities through a broker/custodian, additional fees may be charged by them for facilitating instructions. Investors are recommended to contact your broker/custodian directly for the total charges. 6. What is the tax implication on repositioning of YUMC shares? Any repositioning from one stock exchange to the other will not be a taxable event for US federal income tax purposes. However, repositioning may change US withholding tax implications on dividends we pay in the future. For investors holding shares on the HKEX, 30% US withholding tax generally will apply to all holders. For investors holding shares on the NYSE, 30% US withholding tax generally will apply to non-US holders only, and may be subject to reduction or elimination pursuant to an applicable income tax treaty, provided the non-US holder provides proper certification of its eligibility for such reduced rate. Each investor is advised to consult his/her own tax advisor with respect to the Hong Kong and US federal, state and local tax consequences, as well as those of any other jurisdiction relevant to such investor, of purchasing, owning, repositioning and disposing of our shares. 7. For broker and custodian who want to reposition shares on behalf of their clients From the US to Hong Kong - only the recorded participants in Depository Trust Company (“DTC participants”) can submit the share repositioning instruction For Computershare’s xSettle users, submit instruction online via the xSettle platform. For non-xSettle users, request a “Register Reposition Form” by emailing Computershare US and return the completed form to Computershare US. Deliver the shares via a Free Delivery Order (“DO”) to the DTC Participant account of Computershare US. Once validated, Computershare US will liaise with Computershare HK for the repositioning of shares in the form specified in the shareholder’s instruction (CCASS or certificate). From Hong Kong to the US - only the recorded participants in Hong Kong Central Clearing and Settlement System (“CCASS participants”) can submit the share repositioning instruction. 1a. For Computershare’s xSettle users, submit instruction online via the xSettle platform. Computershare HK will liaise with the CCASS participant for the delivery of the corresponding number of shares to their nominated CCASS participant account. 1b. For non-xSettle users, withdraw the relevant number of shares from the CCASS system, so as to first hold the shares in certificated form. Download the “Register Reposition Form” from Computershare HK by searching the company stock code “9987”. Return the completed form with the share certificate(s) representing the full number of shares being repositioned to Computershare HK. 2. Once validated, Computershare HK will liaise with Computershare US for the repositioning of shares in the form specified in the shareholder’s instruction (either in DRS form or through a DTC participant account) Who is Yum China’s stock transfer agent and how can I contact? Computershare US Repositioning services: email !USALLGlobalTransactionTeam@computershare.com General shareholder enquiries: call US toll free: 877 854 0865 / International: +1 781 575 3102 Computershare HK Tel: +852 2862 8500 Online enquiry: Contact Us | Investor Centre (computershare.com) Download the repositioning form here
Frequently Asked Questions Show All Where was Yum China incorporated? What is the location of Yum China’s headquarter? Yum China was incorporated in Delaware on April 1, 2016. Our headquarter is at No. 20 Tianyaoqiao Road, Shanghai. Questions related to dividend Does Yum China pay a dividend on its stock? You may refer to the Dividend and Share Repurchases page for our dividend payment history. Future dividends are subject to board approval. How do I enroll to have my dividends reinvested? Computershare, our dividend disbursing agent, is also the administrator of a dividend reinvestment program (DRIP) for our common stock. You may enroll to have your dividends reinvested by accessing the Plan Administrator’s website at www.computershare.com/investor. You may also enroll to have your dividends reinvested by completing the Dividend Reinvestment stub attached to your dividend check, or by sending a letter of instruction to the Plan Administrator. For more information, you may refer to the Plan Administrator’s website at www.computershare.com/investor. Questions related to share repositioning 1. Can shareholders reposition their YUMC share positions from the NYSE to HKEX, or vice versa? Yes, the shares traded in NYSE and HKEX are of the same class and type, and are fully fungible with each other. The shares can be repositioned from the US to Hong Kong, and vice-versa, through the standard cross-border services of Computershare. The process varies slightly depending on how and where shares are currently held. Please refer to the specific FAQ below which relates to your current shareholding positions. 2. Share repositioning for shareholders holding shares through a broker/custodian If your shares are held through a broker/custodian, please contact them to request share repositioning. Broker/custodian will make the arrangements on behalf of their clients. In situations when the general customer service representative of your broker/custodian is not familiar with the process, you may request to speak with their subject matter experts. If they are still not familiar with the process, please ask them to reach out to Computershare (see contact information below). 3. Share repositioning for shareholders holding shares directly in their name To reposition shares from the US to Hong Kong: Request a “Register Reposition Form” by emailing Computershare US Return the completed form* to Computershare US If you shares are in certificated form, return the completed form with the share certificate(s). Once validated, Computershare US will liaise with Computershare HK for the repositioning of shares in the form specified in the shareholder’s instruction (CCASS or certificate). To reposition shares from Hong Kong to the US Download the “Register Reposition Form” from Computershare HK website by searching the company stock code “9987”. Return the completed form with the share certificate(s) representing the full number of shares being repositioned to Computershare HK. Once validated, Computershare HK will liaise with Computershare US for the repositioning of shares in the form specified in the shareholder’s instruction (either in DRS form or through a DTC participant account). 4. How long does it take to reposition shares? The repositioning of shares will take at least 3 business days from the time all the required information and valid documents are provided to Computershare. The exact processing time will vary based on the level of service being requested. For a more precise indication on the timing of your request, please contact Computershare directly. For investors holding securities through a broker/custodian, additional time (usually 1-2 weeks) may be needed for them to facilitate your instruction. Please contact your broker/custodian directly for the total time required to complete the transaction. 5. Are there administration fees payable for the repositioning of shares? There are fees chargeable by Computershare to reposition shares. Details of these fees can be requested from Computershare. For investors holding securities through a broker/custodian, additional fees may be charged by them for facilitating instructions. Investors are recommended to contact your broker/custodian directly for the total charges. 6. What is the tax implication on repositioning of YUMC shares? Any repositioning from one stock exchange to the other will not be a taxable event for US federal income tax purposes. However, repositioning may change US withholding tax implications on dividends we pay in the future. For investors holding shares on the HKEX, 30% US withholding tax generally will apply to all holders. For investors holding shares on the NYSE, 30% US withholding tax generally will apply to non-US holders only, and may be subject to reduction or elimination pursuant to an applicable income tax treaty, provided the non-US holder provides proper certification of its eligibility for such reduced rate. Each investor is advised to consult his/her own tax advisor with respect to the Hong Kong and US federal, state and local tax consequences, as well as those of any other jurisdiction relevant to such investor, of purchasing, owning, repositioning and disposing of our shares. 7. For broker and custodian who want to reposition shares on behalf of their clients From the US to Hong Kong - only the recorded participants in Depository Trust Company (“DTC participants”) can submit the share repositioning instruction For Computershare’s xSettle users, submit instruction online via the xSettle platform. For non-xSettle users, request a “Register Reposition Form” by emailing Computershare US and return the completed form to Computershare US. Deliver the shares via a Free Delivery Order (“DO”) to the DTC Participant account of Computershare US. Once validated, Computershare US will liaise with Computershare HK for the repositioning of shares in the form specified in the shareholder’s instruction (CCASS or certificate). From Hong Kong to the US - only the recorded participants in Hong Kong Central Clearing and Settlement System (“CCASS participants”) can submit the share repositioning instruction. 1a. For Computershare’s xSettle users, submit instruction online via the xSettle platform. Computershare HK will liaise with the CCASS participant for the delivery of the corresponding number of shares to their nominated CCASS participant account. 1b. For non-xSettle users, withdraw the relevant number of shares from the CCASS system, so as to first hold the shares in certificated form. Download the “Register Reposition Form” from Computershare HK by searching the company stock code “9987”. Return the completed form with the share certificate(s) representing the full number of shares being repositioned to Computershare HK. 2. Once validated, Computershare HK will liaise with Computershare US for the repositioning of shares in the form specified in the shareholder’s instruction (either in DRS form or through a DTC participant account) Who is Yum China’s stock transfer agent and how can I contact? Computershare US Repositioning services: email !USALLGlobalTransactionTeam@computershare.com General shareholder enquiries: call US toll free: 877 854 0865 / International: +1 781 575 3102 Computershare HK Tel: +852 2862 8500 Online enquiry: Contact Us | Investor Centre (computershare.com) Download the repositioning form here