Building an industry-leading sustainable workforce Yum China's people strategy centers on building a sustainable and engaged workforce to support the Company's fast growth. The Company has a robust talent development strategy with structured training and career paths in place to cultivate top operational talents. Additionally, the Company offers one of the leading employee care programs in China, an equity incentive plan for its eligible Restaurant General Managers, and rewarding experience from active engagement in community services. Yum China continues to uphold a people-first philosophy, with "Fair, Care and Pride" as its guiding principles. Balanced and systematic capital allocation In accordance with the previously disclosed 5-year capital expenditure plan of approximately $5 billion to $6.5 billion announced during the 2021 Investor Day, Yum China is earmarking a total capital expenditure of $3.5 billion to $5 billion over the next three years.