Yum China Holdings, Inc. (the 「Company,」 stock code 09987) reported a net decrease in its issued shares from 362,189,065 to 362,116,381 as of November 4, 2025. The decrease primarily reflects the repurchase and cancellation of 72,847 shares at USD 43.93, partially offset by the issuance of 163 new shares under its long-term incentive plans. Several batches of shares repurchased but not yet canceled between September 15, 2025, and November 4, 2025, were also disclosed.

On November 4, 2025, the Company repurchased 70,666 ordinary shares on the NYSE at prices ranging from USD 44.63 to USD 46.01, totaling USD 3,199,989.68. On the same date, 17,950 ordinary shares were repurchased on the Hong Kong Stock Exchange at prices between HKD 343.2 and HKD 352, with an aggregate cost of HKD 6,262,309.84. These repurchases were made under a repurchase mandate granted on May 23, 2025, authorizing up to 37,239,649 shares to be bought back. To date, approximately 2.99% of the issued shares (excluding treasury shares) as of the date of the mandate have been repurchased.