Yum China Holdings, Inc. disclosed a marginal contraction of its share base following concurrent repurchase and incentive-plan transactions executed on 31 March 2026.
On the New York Stock Exchange, the company bought back and immediately cancelled 61,558 ordinary shares at a volume-weighted average price of USD 48.73, utilising approximately USD 3.00 million. The cancellation outweighed the issuance of 304 new shares (settled at USD 48.78 each) under long-term incentive plans, producing a net reduction of 61,254 shares, or 0.02 % of the 351.48 million shares outstanding at the start of trading on 30 March 2026.
Consequently, Yum China’s issued share capital (excluding treasury shares) stood at 351.42 million as at 31 March 2026.
Repurchases awaiting cancellation • Hong Kong Stock Exchange: 246,000 shares accumulated between 13-31 March 2026 at prices ranging from HKD 382.89 to HKD 429.11 per share. • New York Stock Exchange: 61,666 shares repurchased on 31 March 2026 at an average price of USD 48.65 per share.
These yet-to-be-cancelled shares total 307,666, equivalent to roughly 0.09 % of current outstanding shares.
Additional 31 March repurchase disclosures • NYSE: 61,666 shares repurchased (same tranche as above), costing USD 3.00 million within a price band of USD 48.18-49.39. • HKEX: 20,200 shares repurchased for HKD 7.73 million at HKD 377-386.60; cancellation pending.
Repurchase mandate utilisation Under the buyback mandate approved on 23 May 2025 for up to 37.24 million shares, Yum China has repurchased 22.79 million shares to date, representing 6.12 % of the company’s issued share count at the mandate’s adoption.
The latest transactions were executed by independent brokers under Rule 10b5-1 (U.S.) and a Hong Kong automatic share repurchase agreement, consistent with the company’s December 2025 announcement.
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