Yum China Holdings (Yum China) disclosed a further reduction in its share count following accelerated repurchase activity on both the New York Stock Exchange (NYSE) and Hong Kong Stock Exchange (HKEX).

Key Developments • Share cancellation: 73,058 U.S.-listed shares repurchased on 23 June 2026 were cancelled on 24 June, trimming the company’s issued share base by 0.02% to 346.93 million shares. • Latest repurchases (24 June 2026): – NYSE: 73,025 shares bought back at USD 40.82–41.24, for a total consideration of USD 3.00 million. – HKEX: 24,150 shares bought back at HKD 318.20–323.00, for a total outlay of HKD 7.75 million. • Cumulative activity: Since the current repurchase mandate was approved on 28 May 2026, Yum China has repurchased 1.76 million shares, equivalent to 0.51% of shares outstanding at the mandate date. The mandate authorises buybacks of up to 34.66 million shares.

Un-cancelled Stock As of 24 June 2026, 1.80 million shares remain in the pipeline for cancellation, comprising 1.88 million shares acquired in Hong Kong and the United States between 13 March and 24 June 2026.

Capital Structure Impact • Opening balance (23 June 2026): 347.00 million shares outstanding. • Shares cancelled on 24 June 2026: 73,058. • Closing balance (24 June 2026): 346.93 million shares outstanding.

Compliance and Mandate Details The company confirmed all repurchases complied with Hong Kong’s Main Board Listing Rules and the relevant U.S. regulations, including execution through independent brokers under pre-established Rule 10b5-1 and Hong Kong automatic repurchase agreements. A 30-day moratorium on new share issues or treasury share sales now applies following the 24 June transactions, in line with HKEX requirements.

Strategic Context Yum China continues to utilise its authorised repurchase capacity, with approximately 32.90 million shares—about 9.5% of its current share base—still available under the 28 May 2026 mandate.