Yum China (09987) reported an opening balance of 354,245,697 issued ordinary shares as of 19 February 2026 and a closing balance of 354,191,352 shares as of 20 February 2026. The reduction in issued shares primarily resulted from the cancellation of 54,582 repurchased shares at a price of USD 54.96 per share, partially offset by the issuance of 237 new shares at USD 53.62 per share under the company's long-term incentive plans.

In addition, a series of share repurchases was conducted but not yet canceled in Hong Kong between 4 December 2025 and 20 February 2026. A separate repurchase of 55,508 shares was completed on 20 February 2026 in the United States at prices ranging between USD 53.69 and USD 54.62, totaling USD 3.00 million. Meanwhile, 18,200 shares were repurchased in Hong Kong on 20 February 2026 at prices between HKD 419.60 and HKD 429.40, totaling HKD 7.71 million.

The repurchases took place under a mandate dated 23 May 2025, which authorized the company to repurchase up to 37,239,649 shares. As of the date of this announcement, 20,748,725 shares had been repurchased under the mandate, accounting for 5.57% of the total issued shares on the date of the resolution. All share transactions mentioned were executed according to the rules in the relevant markets and in compliance with established mandates and agreements.