Yum China updates on share repurchases and capital changes

Yum China Holdings, Inc. disclosed changes in its issued share capital, reporting a closing balance of 360,846,893 issued shares as of November 20, 2025. This figure reflects a reduction from the opening balance of 361,159,368 shares on November 19, 2025. Key activities included the cancellation of 316,792 shares repurchased in the U.S. on November 19, 2025, at an average price of $47.91 per share, accounting for 0.09% of the existing issued shares. Additionally, the company issued 4,317 new shares at $47.37 per share related to the settlement of long-term incentive plan awards.

The company continued its share repurchase program, with a notable repurchase of 315,847 shares on November 20, 2025, on another stock exchange (NYSE). These repurchases were executed at prices ranging from $47.61 to $48.63, with an aggregate cost of $15,199,982.28. Concurrently, 154,050 shares were repurchased on the Hong Kong Stock Exchange at prices between HK$375.8 and HK$380.4, totaling HK$58,234,879.82. These shares, along with numerous daily repurchases throughout September, October, and November 2025, are held for cancellation.

Yum China's repurchase mandate, granted on May 23, 2025, authorized the repurchase of up to 37,239,649 shares. As of November 20, 2025, 13,353,011 shares had been repurchased under this mandate, representing 3.59% of the issued shares at the resolution date. The repurchases were made by independent brokers in accordance with established parameters.