Yum China adjusts share capital after repurchases and long-term incentive awards

On November 30, 2025, Yum China Holdings, Inc. submitted its Next Day Disclosure Return, revealing changes to its issued share capital. As of November 27, 2025, the company's opening balance of issued shares stood at 359,920,236. A key event included the repurchase and cancellation of 213,430 shares in the U.S. on November 28, 2025, at an average price of $48.73 per share. This repurchase represented 0.06% of the existing issued shares before the event. Additionally, 107 new shares were issued on November 28, 2025, related to share awards granted under the company's long-term incentive plans, with an issue price of $48.14 per share. Following these transactions, the closing balance of issued shares as of November 28, 2025, was 359,706,913.

The disclosure also detailed numerous share repurchases in Hong Kong and the U.S. for cancellation, which had not yet been cancelled as of the reporting date. On November 28, 2025, Yum China repurchased 215,193 shares on another stock exchange (NYSE) at prices ranging from $48.01 to $48.79 per share, totaling an aggregate price of $10,399,989.66. On the same day, the company repurchased 52,400 shares on the HKEX at prices between HK$373.8 and HK$377.8, amounting to HK$19,704,351.92. These repurchases fall under a mandate granted on May 23, 2025, authorizing the repurchase of up to 37,239,649 shares, with 14,847,933 shares already repurchased, representing 3.99% of the issued shares at the mandate date.