Yum China Holdings, Inc. released a Next Day Disclosure Return on 20 August 2026 detailing further reductions in share capital through buy-backs, alongside a small share issuance linked to employee incentives.

Key points 1. Share cancellation in the U.S. • On 18 August 2026, 70,188 ordinary shares were repurchased on the NYSE at an average price of USD 47.02 and cancelled on 19 August. • The cancellation lowered the issued share base by 0.02%, taking outstanding shares to 342.36 million as at 19 August 2026.

2. Share awards settlement • On 19 August 2026, 4,583 new shares (0.00% of the pre-event share base) were issued at a reference price of USD 47.58 to settle awards under the company’s long-term incentive plans.

3. Repurchases pending cancellation • Between 2 July and 19 August 2026, Yum China bought back 826,785 shares—757,500 on the Hong Kong Stock Exchange (HKEX) and 69,285 on the NYSE—that remained uncancelled as of 19 August. • HKEX purchases were executed at volume-weighted average prices ranging from HKD 323.99 to HKD 381.90 per share; the NYSE lot was acquired at an average USD 47.63 per share. • These uncancelled shares represent roughly 0.24% of the current issued share capital.

4. Latest daily repurchase disclosures (19 August 2026) • HKEX: 23,050 shares repurchased at prices between HKD 366.60 and HKD 370.20, costing HKD 8.51 million. • NYSE: 69,285 shares repurchased at prices between USD 47.31 and USD 47.89, costing USD 3.30 million.

5. Remaining mandate capacity • The current annual repurchase mandate, approved on 28 May 2026, authorises up to 34.66 million shares. • Cumulative repurchases under this mandate now total 5.30 million shares, equating to 1.53% of the share count on the mandate date, leaving considerable headroom for further buy-backs.

Following the latest actions, Yum China continues to execute its multi-listing buy-back strategy, marginally reducing its share float while utilising less than one-sixth of its approved repurchase authorisation.