Yum China updates on share repurchases and cancellations

Yum China Holdings, Inc. disclosed a reduction in its issued share capital following the repurchase and cancellation of shares on December 1, 2025. The company repurchased and cancelled 215,193 shares in the U.S. at an issue/selling price of $48.33 per share, representing 0.06% of its existing issued shares. This activity led to a closing balance of 359,496,125 issued shares as of December 1, 2025, down from an opening balance of 359,706,913 shares on November 28, 2025. Additionally, 4,405 new shares were issued due to the settlement of share awards under the company’s long-term incentive plans.

The company also detailed extensive share repurchases for cancellation that have not yet been processed. As of December 1, 2025, Yum China held 52,450 shares repurchased on the Exchange at prices ranging from HK$373.4 to HK$379.2. Separately, 212,871 shares were repurchased on another stock exchange (NYSE) at prices between $48.34 and $49.29. The total aggregate price paid for these NYSE repurchases was $10,399,973.18, and for the HKEX repurchases was HK$19,726,089.03.

Yum China confirmed these repurchases were conducted in accordance with Main Board Listing Rules and domestic rules, respectively. The company has a repurchase mandate authorizing the repurchase of 37,239,649 shares, with 15,113,254 shares already repurchased, representing 4.06% of its issued shares as of the May 23, 2025 resolution date.