Yum China details share repurchases and cancellations

Yum China Holdings Inc. disclosed recent changes to its issued share capital, primarily driven by share repurchases and cancellations. On October 1, 2025, the company repurchased 74,520 shares in the U.S., which were subsequently cancelled, reducing the total issued shares to 363,863,149 from an opening balance of 363,937,570 as of September 30, 2025. The repurchase price was $42.94 per share. Additionally, 99 new shares were issued on October 1, 2025, related to share awards under a long-term incentive plan, at a price of $43.12 per share.

The company also reported a series of shares repurchased for cancellation but not yet cancelled in Hong Kong and the U.S. These transactions occurred between September 15 and October 1, 2025. Notable repurchases include 18,400 shares on September 15, 2025, at HK$340.36, and 74,114 shares in the U.S. on October 1, 2025, at $43.18. The total number of shares repurchased under the current mandate stands at 8,988,205, representing 2.41% of issued shares as of the resolution date of May 23, 2025.

The repurchases were conducted through independent brokers under pre-established parameters. The latest U.S. repurchase was made under a Rule 10b5-1 repurchase agreement, while Hong Kong repurchases followed a Hong Kong repurchase agreement.