Yum China Holdings, Inc. disclosed a further reduction in its share capital following the latest tranche of buybacks and a modest share issuance tied to employee incentives.

Key transactions (U.S. Eastern Time unless otherwise stated):

1. Cancellation of U.S.-repurchased shares • 68,402 shares bought on 16 June and cancelled on 17 June 2026 at a volume-weighted price of USD 43.86 each, trimming the share base by 0.02%.

2. Share issuance for employee incentives • 4,680 new shares issued on 17 June to settle awards under long-term incentive plans at a reference price of USD 43.28; impact on share count rounded to 0%.

3. Ongoing buy-back activity • 17 June (NYSE): 68,992 shares repurchased via a Rule 10b5-1 program at prices between USD 42.85 and USD 43.87, for an aggregate USD 3.00 million (average USD 43.48). • 17 June (HKEX): 22,900 shares repurchased through an automatic mandate at prices ranging HKD 334.40–344.60, costing HKD 7.74 million (average c.HKD 337.74). All will be cancelled.

Capital base and mandate utilisation:

• Issued shares (excluding treasury) decreased to 347.20 million as of 17 June 2026, versus 347.26 million on 16 June—net reduction of 63,722 shares. • Repurchases awaiting cancellation include 1.78 million shares acquired in Hong Kong and the U.S. between 13 March and 17 June 2026, equating to roughly 0.51% of current issued shares. • Since shareholders approved a new repurchase mandate on 28 May 2026 allowing up to 34.66 million shares, 1.38 million shares (0.40% of shares outstanding on mandate date) have been bought back.

Compliance statement:

The company confirmed that all repurchases on HKEX complied with Main Board Listing Rules and those on the NYSE adhered to applicable U.S. regulations.