Yum China Holdings, Inc. (stock code: 09987) has reduced its issued share capital following fresh buyback activity across the New York Stock Exchange (NYSE) and Hong Kong Stock Exchange (HKEX), according to the company’s Next Day Disclosure Return filed on 12 March 2026.

Issued-share movement • Opening balance (10 Mar 2026): 353.58 million ordinary shares. • Shares repurchased in the U.S. on 10 Mar and cancelled on 11 Mar: 56.05 thousand shares at an average USD 53.53, trimming the share base by 0.02%. • New shares issued for employee incentive plans on 11 Mar: 166 shares at USD 52.92. • Closing balance (11 Mar 2026): 353.52 million shares, down by 55.88 thousand from the prior day.

Latest repurchase transactions pending cancellation (11 March 2026) 1. NYSE: 56.58 thousand shares bought back at prices between USD 52.83–53.49, for a total consideration of USD 3.00 million. 2. HKEX: 18.40 thousand shares repurchased at HKD 417.20–425.00, costing HKD 7.72 million.

These 74.98 thousand shares, together with previously disclosed repurchases, remain in the pipeline for cancellation, lifting the cumulative tally of shares pending cancellation to about 1.33 million.

Cumulative progress under current mandate Since shareholders approved the repurchase mandate on 23 May 2025, Yum China has bought back 21.71 million shares, equivalent to 5.83% of the company’s issued shares outstanding at the mandate date. The authorised limit under the mandate is 37.24 million shares, leaving capacity for a further 15.53 million repurchases.

Execution framework The U.S. transactions were executed via an independent broker pursuant to a Rule 10b5-1 plan, while the HKEX repurchases were carried out under a Hong Kong automatic share repurchase agreement through an independent broker’s affiliate.

After the latest cancellation, Yum China’s issued share count stands at 353.52 million, with additional repurchased shares slated for cancellation once settlement completes.