Yum China boosts share repurchase program by $1bn

Yum China Holdings, Inc. has increased its share repurchase authorization by US$1 billion, bringing the total remaining authorization to approximately US$1.2 billion. This expansion was approved by the company's board of directors.

The company is authorized to repurchase shares of common stock from time to time in the open market in the U.S. and Hong Kong, or through various other methods including privately negotiated transactions, block trades, and accelerated share repurchase transactions. The repurchase authorization has no expiration date.

All repurchases in Hong Kong and the U.S. will be conducted under the general repurchase mandate, which was most recently granted at the annual general meeting held on May 23, 2025.