Yum China updates on active share buybacks and incentive plan issuances

Yum China Holdings, Inc. filed its Next Day Disclosure Return on November 23, 2025, detailing recent movements in its share capital. The company repurchased and canceled 315,847 ordinary shares on November 21, 2025, in the U.S. at an average price of $48.12 per share, representing 0.09% of its existing issued shares. Concurrently, 15,686 new ordinary shares were issued on November 21, 2025, for share awards under the company's long-term incentive plans, at an issue price of $48.02 per share. Following these transactions, the total number of issued shares stood at 360,546,732.

The company also disclosed extensive share repurchases for cancellation that have not yet been processed. As of November 21, 2025, Yum China had repurchased 216,523 shares on an unspecified stock exchange in the U.S., with prices ranging from $47.03 to $48.39, totaling $10,399,941.13. On the HKEX, 159,300 shares were repurchased at prices between HK$369.2 and HK$375.6, amounting to HK$59,274,695.69.

These repurchases were made under a mandate granted on May 23, 2025, authorizing the repurchase of up to 37,239,649 shares. The total shares repurchased under this mandate, including those mentioned above, now amount to 13,728,834, representing 3.69% of the issued shares as of the mandate date.