Yum China appoints former Alibaba.com CEO Zhe (David) Wei to Board of Directors

Yum China Holdings, Inc.

Mr. Zhe (David) Wei appointed as director effective August 6, 2025; board expanded to 13 directors, 11 independent.
Wei is founding partner and chairman of Vision Knight Capital, former CEO of Alibaba.com Limited.
Annual retainer of $315,000, pro-rated, payable in stock or up to half cash; standard indemnification agreement.
Board determined Wei is independent under NYSE and HKEX listing standards.

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