Yum China Holdings, Inc. reported a further reduction in its share capital following recent repurchase and cancellation activities.

The company’s issued share count fell to 348.57 million ordinary shares on 18 May 2026, down by 65,227 shares (-0.02%) versus the opening balance on 15 May. The decrease reflects the cancellation of 65,373 shares repurchased on 15 May in the United States, partly offset by the issuance of 146 new shares under long-term incentive plans.

Repurchase pipeline • 1.30 million shares, acquired between 13 March and 18 May across the Hong Kong and U.S. markets, have been bought for cancellation but were still outstanding as of 18 May. • These pending shares represent approximately 0.37% of the current issued share base.

Latest transactions (18 May 2026) • NYSE: 65,933 shares repurchased at prices between USD 45.00 and USD 45.68, for a total consideration of USD 2.99 million. • HKEX: 22,050 shares repurchased at prices between HKD 348.20 and HKD 354.80, totaling HKD 7.73 million. All shares from the 18 May buybacks are designated for cancellation.

Mandate utilisation Under the share repurchase mandate approved on 23 May 2025, Yum China is authorised to buy back up to 37.24 million shares. Cumulative repurchases have reached 26.63 million shares, equal to 7.15% of the company’s share count on the mandate date.

Post-cancellation impact Following the cancellation of the remaining 1.30 million repurchased shares, Yum China’s issued share capital will decline correspondingly, subject to settlement completion in accordance with exchange regulations.