Yum China Holdings, Inc. (the “Company,” stock code 09987) submitted a Next Day Disclosure Return dated 23 October 2025. According to the document, the opening balance as of 21 October 2025 was 362,833,049 issued ordinary shares. On 22 October 2025, 71,066 shares were repurchased and canceled in the U.S. at a price of USD 45.03 per share, while 45 new shares were issued under the Company’s long-term incentive plans. As a result, the closing balance on 22 October 2025 stood at 362,762,028 issued shares.

The filing also reported various share repurchase transactions for cancellation but not yet canceled in Hong Kong from mid-September to late October 2025. These repurchases, dated between 15 September and 22 October 2025, involved multiple batches of shares ranging mostly between 17,800 and 19,200 shares per transaction, with repurchase prices in the range of HKD 326.78 to HKD 352.24 per share. The latest update notes repurchases on 22 October 2025 comprising 17,950 shares in Hong Kong at a price between HKD 346.2 and HKD 350.4.

The Company reported further details in Section II regarding repurchases on 22 October 2025. A total of 70,912 ordinary shares were repurchased on the New York Stock Exchange at prices between USD 44.94 and USD 45.31, amounting to approximately USD 3.20 million. Additionally, 17,950 ordinary shares were repurchased on the Hong Kong Stock Exchange at prices between HKD 346.2 and HKD 350.4, for an aggregate consideration of about HKD 6.26 million. The repurchase mandate was granted on 23 May 2025, authorizing up to 37,239,649 shares for repurchase, and the Company disclosed that 10,354,749 shares have been repurchased under this mandate to date.

All repurchases in Hong Kong complied with the Main Board Listing Rules, and the U.S. transactions were conducted in accordance with domestic rules applicable to share repurchases on that exchange. The Company confirmed there were no material changes to the share repurchase particulars disclosed in its earlier filings.