Yum China Holdings, Inc. disclosed minor changes to its share capital following a fresh round of repurchases executed on 9 June 2026 and the issuance of employee incentive shares.

Key Developments 1. Net Share Reduction: • Opening balance (8 June 2026): 347.62 million ordinary shares. • Actions on 9 June: – Repurchase and cancellation of 70,278 NYSE-listed shares at a volume-weighted average price (VWAP) of USD 42.69. – Issue of 28,663 new shares for settlement of long-term incentive plan awards at USD 42.72 per share. • Resulting balance (9 June): 347.58 million shares, representing a net decrease of 41,615 shares, or approximately 0.01 %.

2. Ongoing Buy-back Activity (Not Yet Cancelled): Between 13 March and 9 June 2026, the company additionally repurchased 1.64 million shares—equivalent to about 0.47 % of current outstanding shares—that remain pending cancellation. These purchases span both Hong Kong and U.S. markets.

3. 9 June Repurchase Details: • New York Stock Exchange: 70,410 shares bought at USD 42.38–43.00, costing USD 3.00 million. • Hong Kong Stock Exchange: 23,150 shares bought at HKD 331.20–335.60, costing HKD 7.74 million (approximately USD 1.00 million). All shares will be cancelled; none are held in treasury.

4. Repurchase Mandate Utilisation: A fresh mandate approved on 28 May 2026 authorises the repurchase of up to 34.66 million shares. As of 9 June, Yum China has repurchased 834,497 shares under this mandate, utilising 0.24 % of the authorised limit.

Context Yum China continues to balance capital returns with employee incentives. While buybacks have modestly trimmed the share count, the company also issued new shares for employee compensation, aligning with its long-term incentive plans. Pending cancellations of repurchased shares could further reduce the share base by nearly 0.5 % once processed.