Yum China Holdings Inc. has announced the grant of new equity awards under its 2022 Long Term Incentive Plan. On February 6, 2026, the company awarded 190,046 stock appreciation rights, 477,790 restricted share units, and 305,204 performance share units to selected employees. Among these, Chief Executive Officer Joey Wat received 86,282 restricted share units and 103,538 performance share units. Additionally, shares were granted to Mr. Zhe (David) Wei as a stock retainer for his service on the Nominating and Governance Committee, without performance targets or clawback provisions.

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