Yum China Holdings, Inc. disclosed a modest contraction in its share base following concurrent repurchase activities in the United States and Hong Kong, according to the company’s Next Day Disclosure Return filed on 29 May 2026.

Key Developments 1. Share Cancellation in the U.S. • On 27 May 2026, 68,372 ordinary shares (0.02 % of shares in issue) were repurchased on the New York Stock Exchange at an average price of USD 43.88 per share and cancelled on 28 May 2026.

2. Equity Incentive Settlement • Three new shares were issued on 28 May 2026 to satisfy awards under Yum China’s long-term incentive plans at a reference price of USD 43.04 per share.

3. Updated Share Capital • Opening balance (27 May 2026): 348.17 million shares. • Net change: –68,369 shares. • Closing balance (28 May 2026): 348.11 million shares outstanding.

4. Ongoing Repurchase Programme • Shares repurchased for cancellation but not yet cancelled total 1.46 million, equivalent to roughly 0.42 % of current shares outstanding. – Hong Kong market: 1.39 million shares bought between 13 March and 28 May 2026 at prices ranging from HKD 336.66 to HKD 429.11 per share. – U.S. market: 69,185 shares acquired on 28 May 2026 at prices between USD 43.08 and USD 43.55 per share.

5. Latest Daily Repurchases (28 May 2026) • NYSE: 69,185 shares for USD 3.00 million (VWAP: USD 43.36). • HKEX: 23,000 shares for HKD 7.74 million (price range: HKD 333.20–341.80).

6. Repurchase Mandate Utilisation • Shareholders authorised a buyback limit of 35.12 million shares on 28 May 2026. • Cumulative repurchases under this mandate stand at 92,185 shares, representing 0.03 % of the share count on the mandate date.

All repurchases were executed through independent brokers—U.S. transactions under a Rule 10b5-1 plan and Hong Kong transactions under an automatic share repurchase agreement—and complied with the respective listing rules. No treasury shares were held post-repurchase, and cancelled shares have been removed from the issued share total.