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Yum China Expands Share Repurchase Authorization by US$1 Billion

Yum China increased its share buyback authorization to $5.4 billion with no expiration, having repurchased 97.7 million shares for $4.2 billion since 2017, enhancing capital return flexibility.

  • On Dec. 11, 2025 Yum China’s Board of Directors increased the share repurchase authorization by US$1 billion to a total of $5.4 billion, announced from Shanghai.
  • As part of its capital-allocation strategy, Yum China Holdings, Inc. said the increase supports dividend and share repurchase plans and includes projected capital returns for 2025 and 2026 under the Private Securities Litigation Reform Act of 1995 .
  • The Board authorized buybacks that may be executed in the open market, block trades, privately negotiated transactions, accelerated share repurchases, and Rule 10b5-1 plans; since 2017 Yum China repurchased approximately 97.7 million shares for US$4.2 billion.
  • Leaving approximately remaining authorization approximately US$1.2 billion, the Board set no expiration date, preserving ongoing capital-return capacity for shareholders.
  • Operating over 17,000 restaurants across over 2,500 cities, Yum China cautioned investors that forward-looking statements and associated risks could cause actual results to differ materially.
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Yum China Expands Share Repurchase Authorization by US$1 Billion

SHANGHAI, Dec. 11, 2025 /PRNewswire/ -- 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…

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PR Newswire broke the news in United States on Friday, December 12, 2025.
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