Yum China Holdings (YUMC) said Friday it signed share repurchase agreements in the US and Hong Kong totaling about $460 million for H1 2026.

The agreements include about $350 million in the US and about 880 million Hong Kong dollars ($113 million) for a similar program in Hong Kong, the company said.

The buybacks are part of the company's plan to return $1.5 billion to shareholders via dividends and repurchases in 2026, Yum said.

The average annual capital return in 2027 and 2028 is expected to be about $900 million to more than $1 billion, and to exceed $1 billion in 2028, the company added.

Shares of the company were up by over 1% in recent Friday premarket activity.