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SHANGHAI, China – Yum China Holdings, Inc. (the “Company” or “Yum China”) (NYSE: YUMC and HKEX: 9987) announced today that its Board of Directors (the “Board”) has increased the Company’s share repurchase authorization by US$1 billion to an aggregate of US$5.4 billion.
From 2017 to December 11, 2025, the Company repurchased approximately 97.7 million shares of common stock for US$4.2 billion.
This increase brings the total remaining authorization to approximately US$1.2 billion.
Yum China may repurchase shares under this authorization from time to time in the open market or, subject to applicable regulatory requirements, through privately negotiated transactions, block trades, accelerated share repurchase transactions and the use of Rule 10b5-1 trading plans.
The authorization has no expiration date.
