William Wang Yang - 01 Jun 2025 Form 4 Insider Report for Yum China Holdings, Inc. (YUMC)

Role: Director
Signature: /s/ Matthew J. Carter, Attorney-in-Fact
Issuer symbol: YUMC
Transactions as of: 01 Jun 2025
Transactions value $: $0
Form type: 4
Filing time: 03 Jun 2025, 21:32:21
Previous filing: 04 Jun 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Yang William Wang	Director	48/F CHINA WORLD TOWER 3, NO 1 JIAN GUO MEN WAI AVENUE, BEIJING, CHINA	/s/ Matthew J. Carter, Attorney-in-Fact	03 Jun 2025	0001713245

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUMC	Common Stock, $0.01 par value	Award	$0	+7.5K	+15.09%	$0.00	57.2K	01 Jun 2025	Direct
holding	YUMC	Common Stock, $0.01 par value						12M	01 Jun 2025	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.
F2	The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Content

The common stock is held directly by Pollos Investment L.P. ("Pollos Investment"). The limited partnership interests of Pollos Investment are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.

The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment, including in the shares sold in the Transaction, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and inclusion in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.