Yum China Holdings, Inc. disclosed on 10 September 2026 that it cancelled 75,717 shares repurchased on the NYSE a day earlier, trimming its issued share capital by 0.02%. Following the cancellation and the allotment of 20 new shares under long-term incentive plans, the company’s outstanding share count declined to 341.44 million ordinary shares as of 9 September 2026.

Key take-aways

1. Latest cancellations • Shares cancelled: 75,717 (repurchased 8 September on the NYSE, cancelled 9 September) • Average repurchase price: USD 43.58 per share • Capital reduction effect: –0.02% of pre-event issued shares

2. Ongoing buy-back pipeline • Additional 1.10 million shares repurchased in Hong Kong between 2 July and 9 September 2026 remain to be cancelled; each daily tranche represented roughly 0.01% of share capital. • A further 77,490 shares bought on the NYSE on 9 September 2026 at USD 42.35–43.22 per share (average ~USD 42.56) also await cancellation. • Combined, 1.18 million shares (about 0.35% of current outstanding shares) are held for forthcoming cancellation.

3. Repurchase mandate utilisation • Shares repurchased under the 28 May 2026 mandate: 6.60 million, equivalent to 1.9% of the share base authorised at mandate date. • Remaining capacity under the mandate: approximately 28.07 million shares.

4. Recent repurchase costs • Hong Kong market (9 Sep): 23,150 shares at HKD 337.60–344.20; total consideration HKD 7.85 million (average ~HKD 338.86). • U.S. market (9 Sep): 77,490 shares at USD 42.35–43.22; total consideration USD 3.30 million.

5. Capital management framework • Repurchases on the NYSE were executed under a Rule 10b5-1 plan, while Hong Kong transactions were conducted through an automatic share repurchase agreement. • A 30-day moratorium on new share issues or treasury-share sales applies following the latest on-market buy-backs, in line with Hong Kong Listing Rules.

Implication

The latest actions demonstrate Yum China’s continued deployment of its authorised buy-back mandate to return capital and optimise its share structure, reducing the float while maintaining flexibility for future incentive-related share issuances.