Yum China Holdings, Inc. (09987) published a Next Day Disclosure Return dated 24 October 2025. The document reported a decrease in the issued ordinary shares from 362,762,028 to 362,691,275 as of 23 October 2025. The change resulted from the repurchase of 70,912 shares (at US$45.13 per share) in the United States on 22 October 2025, which were subsequently canceled on 23 October 2025, and the issuance of 159 new shares under the company’s long-term incentive plans.

The announcement also detailed multiple share repurchases for cancellation on the Hong Kong Stock Exchange between mid-September and late October 2025, each involving fewer than 20,000 shares per transaction. Additionally, Yum China disclosed it had repurchased 70,389 shares on the New York Stock Exchange on 23 October 2025, at prices ranging from US$45.23 to US$45.80, totaling US$3,199,968.41, and 17,950 shares on the Hong Kong Stock Exchange at prices ranging from HK$346.8 to HK$352.4, totaling HK$6,282,979.27. These repurchased shares were designated for cancellation.

The company noted that the repurchases in both the United States and Hong Kong were made through independent brokers under repurchase mandates granted on 23 May 2025. The total number of shares authorized for repurchase under this mandate stands at 37,239,649, with 10,443,088 shares repurchased to date. The closing balance of issued shares remains at 362,691,275, reflecting the cancellations and the issuance of new shares for equity compensation. The company also confirmed that no treasury shares were held.