Yum China enters CNH 8.4B bridge loan to finance Pizza Hut acquisition from Yum! Brands

Yum China Holdings, Inc.

Loan of CNH 8.4B (approx. $1.17B) from HSBC and Citibank to finance Pizza Hut acquisition.
Initial maturity 180 days from funding, extendable up to 364 days at borrower's option.
Interest rate: CNH HIBOR plus margin of 0.40%-0.50% per annum depending on period.
Proceeds used for acquisition of Pizza Hut from Yum! Brands per Purchase Agreement dated June 16, 2026.
Covenants: interest coverage ratio >=3.00, consolidated leverage ratio <=2.50, tested quarterly.

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