Yum China Holdings announced a further contraction of its outstanding share base following coordinated repurchases on both the Hong Kong Stock Exchange and the New York Stock Exchange on 17 August 2026.

Key takeaways

1. Share cancellation • The company cancelled 56,926 shares previously repurchased in the United States, trimming the issued share count by 0.02%. • Concurrently, 220 new shares were issued to settle long-term incentive awards, a change that was immaterial to total capital. • Issued shares fell to 342.48 million from 342.54 million as of the same date.

2. Latest buybacks • Hong Kong: 22,850 shares were bought back on the HKEX at prices between HKD 371.20 and HKD 376.40, for a total consideration of HKD 8.51 million. • United States: 57,257 shares were repurchased on the NYSE at USD 46.85–47.37, costing USD 2.70 million. All shares acquired on both venues are earmarked for cancellation.

3. Pending cancellations • As of 17 August 2026, 711,400 shares repurchased in Hong Kong and 57,257 shares bought in the U.S. await formal cancellation, representing a combined 768,657 shares, or roughly 0.22% of the current issued share capital.

4. Mandate utilisation • Since shareholders granted the current repurchase mandate on 28 May 2026, Yum China has bought back 5.11 million shares—1.47% of the share capital outstanding on the mandate date. • The mandate authorises repurchases of up to 34.66 million shares, leaving significant capacity for future buybacks.

All transactions were executed by independent brokers under pre-arranged 10b5-1 and Hong Kong automatic repurchase agreements, in accordance with relevant U.S. and Hong Kong regulatory requirements.