Business
Yum China Announces US$460 Million Share Repurchase Agreements for First Half of 2026 as Part of US$1.5 Billion Full-Year Capital Return Plan
Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced that it has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$460 million for the first half of 2026, commencing on January 12, 2026.
About this update from Yum China Holdings, Inc.
[{"type":"text","content":"SHANGHAI, Dec. 12, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced that it has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$460 million for the first half of 2026, commencing on January 12, 2026.","length":404,"tagName":"p"},{"type":"text","content":"The share repurchase agreements include approximately US$350 million under the Rule 10b5-1 of the United States Securities Exchange Act of 1934 in the U.S. and approximately HK$880 million for a similar program in Hong Kong. These agreements are one component of the share repurchase program, and part of the broader plan to return US$1.5 billion to shareholders through dividends and share repurchases in 2026. This annual amount of capital return is equivalent to around 9% of our market capitalization as of December 11, 2025.","length":579,"tagName":"p"},{"type":"text","content":""Yum China is committed to maintaining a dual focus: investing to drive business growth and delivering favorable capital returns to shareholders. Supported by a healthy cash position and strong cash-generation capabilities, we are on track to return US$4.5 billion to shareholders from 2024 through 2026. Starting in 2027, as outlined at our 2025 Investor Day, we plan to return approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests," said Joey Wat, CEO of Yum China.","length":538,"tagName":"p"},{"type":"text","content":"The average annual return in 2027 and 2028 is expected to be approximately US$900 million to over US$1 billion, and to exceed US$1 billion in 2028, through steadily increasing dividend per share over time and value-enhancing share repurchases.","length":243,"tagName":"p"},{"type":"text","content":"Since 2017, Yum China has returned US$5.8 billion to shareholders through dividends and share repurchases.","length":111,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and...