Yum China Holdings, Inc. disclosed overnight that it has reduced its outstanding share count to 353.58 million as of 10 March 2026, following a series of repurchases and a small share issuance recorded in its latest Next Day Disclosure Return to the Hong Kong Stock Exchange.

Key developments

1. Immediate share count impact • Opening balance (9 March 2026): 353.64 million shares. • Shares repurchased and cancelled on 10 March 2026: 57,511 shares at an average price of USD 52.16. • Shares issued for employee incentive settlement: 79 shares at an average price of USD 53.13. • Closing balance (10 March 2026): 353.58 million shares, a net decrease of 57,432 shares, or 0.02 %.

2. Repurchases executed on 10 March 2026 • NYSE: 56,046 shares bought at USD 53.03–53.88, total consideration USD 2.99 million. • HKEX: 18,600 shares bought at HKD 411.40–418.60, total consideration HKD 7.72 million. All shares acquired on the day are designated for cancellation.

3. Shares pending cancellation Yum China has 1.32 million repurchased shares not yet cancelled—equivalent to about 0.37 % of the current outstanding share base. The bulk of these shares were bought on the HKEX between 4 December 2025 and 10 March 2026, with an additional 56,046 shares acquired on the NYSE on 10 March 2026.

4. Repurchase mandate utilisation • Board mandate granted on 23 May 2025 authorises the company to buy back up to 37.24 million shares. • Cumulative repurchases under the mandate: 21.64 million shares, representing 5.81 % of the issued share capital on the mandate date. • No treasury shares are being held; all repurchased shares are intended for cancellation.

Regulatory compliance The company confirms that the latest buybacks were carried out in accordance with Main Board Rule 10.06 and U.S. Rule 10b5-1 repurchase arrangements, with independent brokers executing the trades.