X0306 4 2018-12-18 0001673358 Yum China Holdings, Inc. YUMC 0001685835 Kuai Jeff YUM CHINA BUILDING 20 TIAN YAO QIAO ROAD SHANGHAI F4 200030 CHINA 1 General Manager, Pizza Hut Restricted Stock Unit 2018-12-18 4 A 0 12 0 A Common Stock 12 3565 D Restricted Stock Unit 2018-12-18 4 A 0 8 0 A Common Stock 8 2348 D Restricted Stock Unit 2018-12-18 4 A 0 15 0 A Common Stock 15 4516 D Conversion occurs on a one-for-one basis. These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 25% on the first two anniversaries of the grant date and the remaining 50% will vest on the third anniversary of the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest. This grant does not have an expiration date. These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 50% on the second anniversary of the grant date and the remaining 50% will vest on the third anniversary of the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest. These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 100% on the third anniversary of the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest. /s/ Pingping Liu, Power of Attorney 2018-12-19