Yum China adjusts share capital through buybacks, long-term incentive awards

As of December 15, 2025, Yum China Holdings, Inc. reported a closing balance of 357,271,973 ordinary shares. The company repurchased and cancelled 230,167 shares in the U.S. on December 12, 2025, at $48.66 per share. Concurrently, 11,941 new shares were issued on December 15, 2025, for awards under the company's long-term incentive plans, with an issue price of $48.02 per share.

The company also disclosed extensive share repurchases for cancellation in Hong Kong and the U.S. that are not yet cancelled. On December 15, 2025, 66,511 shares were repurchased in the U.S. at an aggregate price of $3,199,983.88, with prices ranging from $47.89 to $48.43. An additional 16,550 shares were repurchased on the HKEX at an aggregate price of HK$6,278,090.24, with prices between HK$377.8 and HK$382.2.

These repurchases contribute to a total of 17,772,571 shares repurchased under a mandate granted on May 23, 2025, representing 4.77% of the issued shares as of that date. The total number of shares authorized for repurchase under this mandate is 37,239,649.