Yum China to Report First Quarter 2020 Financial Results on April 28, 2020

SHANGHAI,March 20,2020 -- Yum China Holdings,Inc. ("Yum China") (NYSE: YUMC)today announced that it will report its unaudited financial results for the firstquarter ending March31,2020at 4:30 p.m. U.S. Eastern Time on Tuesday,April 28,2020 (4:30a.m. Beijing/Hong Kong Time on Wednesday,April 29,2020).

Yum China's management will hold an earnings conference call at 8:00p.m. U.S. Eastern Time on Tuesday,2020 (8:00 a.m. Beijing/Hong Kong Time onWednesday,2020).

Dial-in details for the conference call are as follows:

U.S.:

+1 845 675 0437

Mainland China:

400 620 8038 or 800 819 0121

Hong Kong:

+852 3018 6771

U.K.:

+44 20 36214779

International:

+65 6713 5090

Password:

Yum China

A live webcast of the call may also be accessed athttps://edge.media-server.com/mmc/p/usw8r7ts.

A replay of the conference call will be available two hours after the call ends until 10:00a.m. U.S. Eastern Time on Tuesday,May 5,2020 (10:00p.m. Beijing/Hong Kong Time onTuesday,2020) and may be accessed by phone at the following numbers:

U.S.:

+1 855 452 5696

Mainland China:

400 632 2162 or 800 870 0205

Hong Kong:

+852 3051 2780

U.K.:

+44 20 37014269

International:

+61 2 9003 4211

Replay access code:

7469858

Additionally,a live webcast and an archived webcast of this conference call will be available at http://ir.yumchina.com.

About Yum China Holdings,Inc.

Yum China Holdings,Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC,China's leading quick-service restaurant brand,Pizza Hut,the leading casual dining restaurant brand in China,and Taco Bell,a California-based restaurant chain serving innovative Mexican-inspired food. Yum China also owns the Little Sheep,COFFii & JOYand East Dawning concepts outright. The Company had 9,200 restaurants in over 1,300 cities at the end of December 2019. In 2020,Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2020 in China by the Top Employers Institute,bothfor the second consecutive year. For more information,please visit http://ir.yumchina.com.

Investor Relations Contact

Tel: +86 21 2407 7556

E-mail: IR@yumchina.com

Media Contact

Tel: +86 21 2407 7510

E-mail: Media@yumchina.com

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