Yum China Holdings, Inc.

As of year-end 2025, the Company had 15,060 Company-owned units in China. Of these Company-owned units, 14,998 units were leased properties and 62 units were owned properties. The leased Company-owned units are further detailed as follows:

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KFC leased properties for 10,985 units.

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Pizza Hut leased properties for 3,816 units.

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Other restaurant concepts leased properties for 197 units.

Company-owned restaurants in China are generally leased for initial terms of 10 to 20 years and generally do not have renewal options.

We also lease our corporate headquarters in Shanghai and Dallas, Texas in the U.S., and regional offices and an innovation center in China, and own building, land use rights, or both for non-store properties, which primarily include logistics centers, seasoning facilities for Little Sheep and Huang Ji Huang and certain regional office buildings. We sublease over 130 properties to franchisees and other third parties. Additional information about the Company’s leased properties is included in Note 9 to the Consolidated Financial Statements in Part II, Item 8. We believe that our properties are generally in good operating condition and are suitable for the purposes for which they are being used.