HONG KONG, 3 May 2026 – Yum China Holdings, Inc. disclosed a fresh round of share repurchases and cancellations that trimmed its issued share capital and expanded the volume of stock awaiting formal cancellation.
Key developments
1. Issued-share reduction • Between 29 April and 1 May 2026, the company repurchased and immediately cancelled 124,360 ordinary shares (61,645 on 30 April; 62,716 on 1 May). • One new share was issued on 30 April to settle long-term incentive awards. • Outstanding shares fell to 350.07 million from 350.20 million, a 0.04% decrease.
2. Ongoing repurchase pipeline • An additional 689,826 shares bought between 13 March and 1 May 2026 remain to be cancelled. • Of these, 628,650 shares were acquired on the Hong Kong Stock Exchange (HKEX) at prices ranging from HKD 372.42 to HKD 429.11. • A further 61,176 shares were purchased on the New York Stock Exchange on 1 May at prices between USD 48.63 and USD 49.30, costing USD 3.00 million.
3. Mandate utilisation • The current buyback authority, approved on 23 May 2025, permits the repurchase of up to 37.24 million shares. • Cumulative repurchases under this mandate have reached 24.52 million shares, representing 6.58% of Yum China’s outstanding shares at the mandate date.
4. Pricing snapshot • The latest U.S. repurchases carried a volume-weighted average cost of approximately USD 49.07 per share. • The most recent HKEX repurchase on 30 April totalled 20,200 shares at an average of HKD 382.12, within a daily range of HKD 377.40–392.00.
Implications for share capital After giving effect to the immediate cancellations and before the formal cancellation of the 0.69 million shares currently in process, Yum China’s share count stands at 350.07 million. Completion of the pending cancellations would reduce the register by a further 0.20%, reinforcing the company’s capital-return strategy.
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