Yum China Holdings, Inc. disclosed fresh capital movements up to 20 March 2026 under its ongoing share repurchase programme.

• Latest cancellations and issuances – The company cancelled 56,298 shares bought on 19 March in the U.S. at an average price of USD 53.29 each, trimming the share base by 0.02%. – Concurrently, 393 new shares were issued to satisfy awards under long-term incentive plans at a reference price of USD 51.74. – Post-transaction, outstanding shares fell to 353.13 million from 353.19 million.

• Same-day repurchase activity (20 March 2026) 1) New York Stock Exchange: 57,456 shares repurchased at prices between USD 51.86 and USD 53.44, for a total consideration of USD 3.00 million. 2) Hong Kong Stock Exchange: 18,350 shares repurchased at prices ranging from HKD 417.80 to HKD 425.80, costing HKD 7.71 million. All shares bought are designated for cancellation; none will be held as treasury stock.

• Repurchases pending cancellation Including historical transactions from December 2025 to 20 March 2026, 1.46 million shares (about 0.41% of current issued shares) remain to be cancelled—1.41 million acquired on HKEX and 57,456 on NYSE.

• Mandate utilisation The repurchases form part of the mandate approved on 23 May 2025, which authorises the buyback of up to 37.24 million shares. To date, 22.24 million shares have been repurchased under this authority, equivalent to 5.97% of the share count on the mandate date.

These actions reflect Yum China’s continued execution of its capital return strategy through multi-venue share buybacks while modestly adjusting its share capital via employee equity incentives.