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Yum China Master Franchise Agreement

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We provide annual, quarterly and updated reports and other information to the SEC. You can read and copy any documents we submit to the SEC, including the registration statement and exhibits, in the SECs Public Reference Room at 100 F Street, N.E., Room 1580, Washington D.C 20549. For more information on how the public reference space works, please contact 1-800-SEC-0330. SEC submissions are also available to the public on the CSR website at www.sec.gov. These documents can also be found on our website at www.yumchina.com. We will not include the information on our website by reference to this prospectus and you should not consider it part of this prospectus. You can also get information about Yum China Holdings, Inc., 7100 Corporate Drive, Plano, Texas 75024, phone (972) 338-7530. If you request orally or in writing, we will provide you with copies of one or all of the documents that will be inserted into them by reference. These documents are made available free of charge, but do not contain any objects, unless these documents are included in the document by reference. Questions can be asked in writing at Yum China Holdings, Inc., 7100 Corporate Drive, Plano, Texas 75024, or by phone at (972) 338-7530. Documents can also be found on our website at www.yumchina.com. The information contained on our website is not included in this prospectus by reference and you should not consider the information contained on our website as part of this prospectus. We have opened more than 1000 new restaurants in 2019 and more than two new sites per day on average over the past five years.

We operate restaurant or franchise brands, and we owned and operated approximately 90% of our restaurants ourselves as of December 31, 2019, which has fuelled our historically attractive performance. After acquiring a majority stake in Huang Ji Huang, a franchise company, we owned and managed approximately 85% of our restaurants as of June 30, 2020.




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