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Yum China Holdings, Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Yum China Holdings, Inc.’s Form 8-K, filed 2026-05-28 (Item 5.07 on EDGAR). Page generated 04 October 2026.

  • 22Reported items
  • 769Asset managers
  • 4,973Fund votes
  • 2026-05-28Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Yum China Holdings, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Yum China Holdings, Inc.

These tallies are Yum China Holdings, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-28 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

Yum China Holdings, Inc. — official shareholder meeting results, meeting held 2026-05-28
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Fred Hu 247,861,3996,165,433371,698 --20,589,980 Majority: yes
Elect Director: Joey Wat 253,626,106402,952369,472 --20,589,980 Majority: yes
Elect Director: Mikel A. Durham 250,460,9213,567,091370,518 --20,589,980 Majority: yes
Elect Director: Edouard Ettedgui 252,428,6991,598,104371,727 --20,589,980 Majority: yes
Elect Director: Grace Xin Ge 253,388,099649,654360,777 --20,589,980 Majority: yes
Elect Director: David Hoffmann 253,665,286362,017371,227 --20,589,980 Majority: yes
Elect Director: Ruby Lu 251,563,4392,472,539362,552 --20,589,980 Majority: yes
Elect Director: Zili Shao 253,623,357401,984373,189 --20,589,980 Majority: yes
Elect Director: William Wang 252,738,5011,284,846375,183 --20,589,980 Majority: yes
Elect Director: Zhe (David) Wei 213,355,25740,671,110372,163 --20,589,980 Majority: yes
Elect Director: Min (Jenny) Zhang 246,669,9557,364,856363,719 --20,589,980 Majority: yes
Elect Director: Christina Xiaojing Zhu 253,407,247624,686366,597 --20,589,980 Majority: yes
Proposal 2: The approval and ratification of the appointment of KPMG Huazhen LLP and KPMG as the Company's independent auditors for 2026 271,281,4433,248,096458,971 --0 Majority: yes
Proposal 3: An advisory vote to approve the Company's named executive officer compensation 231,279,15322,458,693660,684 --20,589,980 Majority: yes
Proposal 5: To approve the Board of Directors' continuing authority to approve the repurchases of shares of common stock in an amount not to exceed 10% of the Company's total number of outstanding shares of common stock as of the date of the Annual Meeting, ef 273,084,851937,367966,292 --0 Majority: yes

Source: Yum China Holdings, Inc., Form 8-K, filed with the SEC on 2026-05-28 — read the filing on EDGAR.

How asset managers voted at the Yum China Holdings, Inc. 2025-2026 meeting

Each item below shows how the 769 asset managers that disclosed a Yum China Holdings, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Yum China Holdings, Inc.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory vote to approve named executive officer compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 16 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 231,279,153AGAINST: 22,458,693

Yum China Holdings, Inc.’s own tally for this item (“Proposal 3: An advisory vote to approve the Company's named executive officer compensation”): 231,279,153 for, 22,458,693 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 66% for, 6% against (72% of the company cast a for/against vote).

The 756 asset managers below cast 91% of the shares they voted on this item FOR (175,709,667 for, 16,446,897 against).

FOR 91%9%
FOR: 175,709,667 (91.4%)AGAINST: 16,446,897 (8.6%)ABSTAIN: 305 (0.0%)NOT VOTED: 112,045 (0.1%)
Largest asset managers voting on “Advisory vote to approve named executive officer compensation” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Dodge & Cox16,800,5320 00For
Vanguard16,470,9830 00For
BlackRock14,419,0310 00For
Fidelity13,350,7700 00For
BLS CAPITAL FONDSMAEGLERSELSKAB A/S8,494,5960 00For
Principal7,445,1110 00For
JPMorgan6,574,7210 00For
RBC Global Asset Management (U.S.) Inc.6,466,4180 00For
State Street4,620,2335,947 00For
Loomis Sayles4,610,7220 00For
Westwood Global Investments, LLC3,971,2550 00For
W1M Asset Management Ltd3,547,5960 00For
GUARDCAP ASSET MANAGEMENT Ltd3,541,7060 00For
WASHINGTON STATE INVESTMENT BOARD2,936,4970 00For
Temasek Holdings (Private) Ltd2,717,5480 00For
NEWTON INVESTMENT MANAGEMENT LTD2,543,7100 00For
GEODE CAPITAL MANAGEMENT, LLC2,236,5200 00For
RBC FUNDS TRUST2,187,0120 00For
Charles Schwab2,013,0540 00For
AustralianSuper Pty Ltd01,973,669 00Against
AllianceBernstein1,814,6360 00For
HSBC01,738,379 00Against
Dimensional1,713,0900 00For
American Century1,706,2370 00For
EARNEST PARTNERS LLC1,687,9700 00For

Showing the 25 largest of 756 asset managers. See all 756 in the interactive database.

2. Approval and ratification of the appointment of KPMG Huazhen LLP and KPMG as the Company's independent auditors for 2026

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 271,281,443AGAINST: 3,248,096

Yum China Holdings, Inc.’s own tally for this item (“Proposal 2: The approval and ratification of the appointment of KPMG Huazhen LLP and KPMG as the Company's independent auditors for 2026”): 271,281,443 for, 3,248,096 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 77% for, 1.0% against (78% of the company cast a for/against vote).

The 94 asset managers below cast 99.5% of the shares they voted on this item FOR (59,401,241 for, 270,464 against).

FOR 99.5%
FOR: 59,401,241 (99.5%)AGAINST: 270,464 (0.5%)
Largest asset managers voting on “Approval and ratification of the appointment of KPMG Huazhen LLP and KPMG as the Company's independent auditor” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds0270,464 00Against
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

3. Election of Directors: David Hoffmann

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 253,665,286AGAINST: 362,017

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: David Hoffmann”): 253,665,286 for, 362,017 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: David Hoffmann” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

4. Election of Directors: Edouard Ettedgui

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 252,428,699AGAINST: 1,598,104

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Edouard Ettedgui”): 252,428,699 for, 1,598,104 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.5% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Edouard Ettedgui” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

5. Election of Directors: Fred Hu

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 247,861,399AGAINST: 6,165,433

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Fred Hu”): 247,861,399 for, 6,165,433 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 71% for, 2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 98% of the shares they voted on this item FOR (58,711,482 for, 960,223 against).

FOR 98%
FOR: 58,711,482 (98.4%)AGAINST: 960,223 (1.6%)
Largest asset managers voting on “Election of Directors: Fred Hu” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street0885,767 00Against
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

6. Election of Directors: Grace Xin Ge

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 253,388,099AGAINST: 649,654

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Grace Xin Ge”): 253,388,099 for, 649,654 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Grace Xin Ge” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

7. Election of Directors: Joey Wat

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 253,626,106AGAINST: 402,952

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Joey Wat”): 253,626,106 for, 402,952 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Joey Wat” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

8. Election of Directors: Mikel A. Durham

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 250,460,921AGAINST: 3,567,091

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Mikel A. Durham”): 250,460,921 for, 3,567,091 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 71% for, 1% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Mikel A. Durham” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

9. Election of Directors: Min (Jenny) Zhang

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 246,669,955AGAINST: 7,364,856

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Min (Jenny) Zhang”): 246,669,955 for, 7,364,856 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 70% for, 2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Min (Jenny) Zhang” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

10. Election of Directors: Ruby Lu

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 251,563,439AGAINST: 2,472,539

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Ruby Lu”): 251,563,439 for, 2,472,539 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.8% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Ruby Lu” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

11. Election of Directors: William Wang

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 252,738,501AGAINST: 1,284,846

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: William Wang”): 252,738,501 for, 1,284,846 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.4% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: William Wang” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

12. Election of Directors: Zhe (David) Wei

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

84% Majority: yes · of votes cast

FOR 84%AGAINST 16%
FOR: 213,355,257AGAINST: 40,671,110

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Zhe (David) Wei”): 213,355,257 for, 40,671,110 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 61% for, 12% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 92% of the shares they voted on this item FOR (54,819,895 for, 4,851,810 against).

FOR 92%8%
FOR: 54,819,895 (91.9%)AGAINST: 4,851,810 (8.1%)
Largest asset managers voting on “Election of Directors: Zhe (David) Wei” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard11,800,307352,322 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan03,557,616 00Against
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National219,70833,686 00For
Equitable242,9153,136 00For
Voya0220,023 00Against
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

13. Election of Directors: Zili Shao

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 253,623,357AGAINST: 401,984

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Zili Shao”): 253,623,357 for, 401,984 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Zili Shao” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

14. Election of Directors: Christina Xiaojing Zhu

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 253,407,247AGAINST: 624,686

Yum China Holdings, Inc.’s own tally for this item (“Elect Director: Christina Xiaojing Zhu”): 253,407,247 for, 624,686 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 72% for, 0.2% against (72% of the company cast a for/against vote).

The 94 asset managers below cast 100% of the shares they voted on this item FOR (59,671,705 for, 0 against).

FOR 100%
FOR: 59,671,705 (100.0%)
Largest asset managers voting on “Election of Directors: Christina Xiaojing Zhu” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,557,6160 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Erste Asset Management GmbH259,7660 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

15. Vote to authorize the Board of Directors to repurchase shares up to 10% of outstanding shares

CAPITAL STRUCTUREMajority of the votes cast: yes

Meeting held 2026-05-28.

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 273,084,851AGAINST: 937,367

Yum China Holdings, Inc.’s own tally for this item (“Proposal 5: To approve the Board of Directors' continuing authority to approve the repurchases of shares of common stock in an amount not to exceed 10% of the Company's total number of outstanding shares of common stock ”): 273,084,851 for, 937,367 against, per its Form 8-K filed 2026-05-28 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 78% for, 0.3% against (78% of the company cast a for/against vote).

The 93 asset managers below cast 100% of the shares they voted on this item FOR (59,198,014 for, 0 against).

FOR 100%
FOR: 59,198,014 (100.0%)
Largest asset managers voting on “Vote to authorize the Board of Directors to repurchase shares up to 10% of outstanding shares” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard12,152,6290 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock7,319,6170 00For
Fidelity5,599,6360 00For
JPMorgan3,397,2150 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For
RBB FUND, INC.214,6300 00For

Showing the 25 largest of 93 asset managers. See all 93 in the interactive database.

16. Vote to authorize the Board of Directors to issue shares up to 20% of outstanding shares

CAPITAL STRUCTURE

Meeting held 2026-05-28.

88% fund support · no official result

FOR 88%12%

The 90 asset managers below cast 88% of the shares they voted on this item FOR (51,136,025 for, 7,272,568 against).

FOR: 51,136,025 (87.5%)AGAINST: 7,272,568 (12.5%)
Largest asset managers voting on “Vote to authorize the Board of Directors to issue shares up to 20% of outstanding shares” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard11,463,6260 00For
Dodge & Cox8,241,2700 00For
Principal7,445,1110 00For
BlackRock80,1767,239,441 00Against
Fidelity5,599,6360 00For
JPMorgan3,397,2150 00For
RBC FUNDS TRUST2,187,0120 00For
Dimensional1,190,4370 00For
Charles Schwab1,006,1670 00For
Loomis Sayles958,8650 00For
State Street885,7670 00For
American Century852,2970 00For
Principal Exchange-Traded Funds773,2500 00For
DRIEHAUS MUTUAL FUNDS770,3010 00For
TIAA563,9430 00For
MATTHEWS INTERNATIONAL FUNDS396,0250 00For
Northwestern Mutual390,7730 00For
Goldman Sachs281,9760 00For
Catholic Responsible Investments Funds270,4640 00For
Invesco266,6140 00For
Jackson National253,3940 00For
Equitable246,0510 00For
Voya220,0230 00For
EA Series Trust219,8140 00For
RBB FUND, INC.214,6300 00For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

17. Advisory Vote to Approve Executive Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-23 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 263,367,213AGAINST: 23,244,411

Yum China Holdings, Inc.’s own tally for this item (“Proposal 3: An advisory vote to approve the Company's named executive officer compensation”): 263,367,213 for, 23,244,411 against, per its Form 8-K filed 2025-05-23 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 351,000,000 outstanding shares: 75% for, 7% against (82% of the company cast a for/against vote).

The 6 asset managers below cast 89% of the shares they voted on this item FOR (68,241 for, 8,473 against).

FOR 89%11%
FOR: 68,241 (89.0%)AGAINST: 8,473 (11.0%)
Largest asset managers voting on “Advisory Vote to Approve Executive Compensation” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Ashoka WhiteOak Capital Pte Ltd32,4700 00For
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC18,4800 00For
Investment Management Corp of Ontario17,1950 00For
PENSIOENFONDS RAIL & OV07,950 00Against
OSSIAM0523 00Against
NORRIS PERNE & FRENCH LLP/MI960 00For

18. Approve Issuance of Shares for a Private Placement

CAPITAL STRUCTURE

Meeting held 2026-05-28.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (481,207 for, 0 against).

FOR: 481,207 (100.0%)
Largest asset managers voting on “Approve Issuance of Shares for a Private Placement” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Erste Asset Management GmbH259,7660 00For
JPMorgan160,4010 00For
Empower61,0400 00For

19. Authorize Share Repurchase Program

CAPITAL STRUCTURE

Meeting held 2026-05-28.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (481,207 for, 0 against).

FOR: 481,207 (100.0%)
Largest asset managers voting on “Authorize Share Repurchase Program” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Erste Asset Management GmbH259,7660 00For
JPMorgan160,4010 00For
Empower61,0400 00For

20. Advisory vote to approve executive compensation

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2026-03-30; no official results on file for that date.

0.4% fund support · no official result

AGAINST 99.6%

The 2 asset managers below cast 0.4% of the shares they voted on this item FOR (740 for, 235,629 against).

FOR: 740 (0.3%)AGAINST: 235,629 (99.7%)
Largest asset managers voting on “Advisory vote to approve executive compensation” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
SCHRODER INVESTMENT MANAGEMENT GROUP0235,629 00Against
Ashoka WhiteOak Capital Pte Ltd7400 00For

21. Director Elections

DIRECTOR ELECTIONS

Meeting held 2026-05-28.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,621 for, 0 against).

FOR: 2,621 (100.0%)
Largest asset managers voting on “Director Elections” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Ballew Advisors, Inc2,2350 00For
Members Trust Co3860 00For

22. Issuance of Common Stock

CAPITAL STRUCTURE

Meeting held 2026-05-28.

12% fund support · no official result

12%AGAINST 88%

The 2 asset managers below cast 12% of the shares they voted on this item FOR (90,700 for, 689,003 against).

FOR: 90,700 (11.6%)AGAINST: 689,003 (88.4%)
Largest asset managers voting on “Issuance of Common Stock” at Yum China Holdings, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard0689,003 00Against
Cardano Risk Management B.V.90,7000 00For

Largest Yum China Holdings, Inc. shareholders voting in 2025-2026

Ranked by the number of Yum China Holdings, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 351,000,000 shares outstanding at the time of that meeting.

Top Yum China Holdings, Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1Dodge & Cox 4.79%
2Vanguard 4.69%
3BlackRock 4.11%
4Fidelity 3.80%
5BLS CAPITAL FONDSMAEGLERSELSKAB A/S 2.42%
6Principal 2.12%
7JPMorgan 1.87%
8RBC Global Asset Management (U.S.) Inc. 1.84%
9State Street 1.32%
10Loomis Sayles 1.31%

Reported Yum China Holdings, Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Yum China Holdings, Inc. beneficial owners on record for the 2025-2026 proxy season
Holder % outstanding Disclosure
JPMorgan Chase 7.23% 13F
Vanguard Group 4.36% 13F
FMR (Fidelity) 1.28% 13F
Goldman Sachs 1.06% 13F
BNY Mellon 1.05% 13F
Wellington Management 0.82% 13F
Dimensional Fund Advisors 0.76% 13F
Morgan Stanley 0.70% 13F
Franklin Templeton 0.62% 13F
Citadel Advisors 0.47% 13F

Percentages above are of 351,000,000 shares outstanding, as reported by Yum China Holdings, Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Yum China Holdings, Inc.’s 10-Q dated 2026-03-31. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At Yum China Holdings, Inc.'s shareholder meeting held 2026-05-28, in the 2025-2026 proxy season, 769 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,973 separate fund positions. Their filings are grouped here into 22 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory vote to approve named executive officer compensation — FOR was 91% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Yum China Holdings, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on 2026-05-28.

Yum China Holdings, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).