Yum China Holdings, Inc. announced that on May 23, 2024 (the ?Effective Date?), Ms. Ling Zhang (?Ms. Zhang?) and Ms. Hui Huang (?Ms. Huang?) have been appointed as the joint company secretaries of the Company (the ?Joint Company Secretaries,? each a ?Joint Company Secretary?) under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ?Listing Rules?), in replacement of Ms. Pingping Liu (?Ms. Liu?) and Ms. Tang King Yin (?Ms. Tang?). The Company has applied for, and the Hong Kong Stock Exchange has granted, a waiver regarding the appointment of Ms. Zhang as the Joint Company Secretary from strict compliance with the requirements of Rules 3.28 and 8.17 of the Listing Rules.

Ms. Ling Zhang, joined the Group in June 2020 and currently serves as Senior Legal Manager and Corporate Secretary of the Company. Her primary responsibilities include overseeing reporting to the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange and compliance with the New York Stock Exchange rules and the Listing Rules, and managing board and shareholders' meetings. Ms. Zhang has over ten years of experience in legal and compliance.

Prior to joining the Company, Ms. Zhang gained extensive professional experience with several international law firms, focusing primarily on capital market transactions. She worked at Davis Polk from June 2011 to April 2014, Kirkland & Ellis from October 2015 to January 2016, and O'Melveny & Myers from January 2016 to August 2019. Ms. Zhang obtained a Master of Laws Degree from Georgetown University in the United States in 2015, a Master of Common Law Degree from The University of Hong Kong in 2011.

Ms. Zhang is admitted to the New York State Bar Association. Ms. Hui Huang joined the Group in May 2018 and currently serves as the Senior Manager of Control, Financial Division. Ms. Huang has approximately 18 years of experience in auditing, financial management and accounting.

Prior to joining the Group, Ms. Huang held senior financial manager positions at several companies, including Guosen Securities (HK) Financial Holdings Co. Ltd. from July 2016 to May 2018. Before that, Ms. Huang gained extensive experience from her work at audit firms, including serving at various positions at PricewaterhouseCoopers Zhong Tian CPAs Limited Company from August 2003 to June 2009 and from July 2011 to February 2012, with her last position being a Senior Manager in the Assurance Division, and serving as a Manager in the Capital Market Services Group of PricewaterhouseCoopers from July 2009 to June 2011.

Ms. Huang is a member of the Hong Kong Institute of Certified Public Accountants and a member of Chinese Institute of Certified Public Accountants. Ms. Huang obtained the Bachelor of Management Degree from Shanghai University of Finance and Economics in the PRC in 2003. Each of Ms. Liu and Ms. Tang has confirmed that she has no disagreement with the Company with respect to her cessation to act as Joint Company Secretary of the Company and there are no matters relating to her cessation to act as Joint Company Secretary that need to be brought to the attention of the Hong Kong Stock Exchange and the shareholders of the Company.