Yum China Holdings, Inc. announced it has entered into share repurchase agreements totaling approximately US$360 million for the first half of 2025, with programs commencing on January 6, 2025. These agreements include approximately US$290 million under Rule 10b5-1 in the U.S. and approximately HK$550 million for a similar program in Hong Kong.
These repurchase agreements are a component of the company's broader capital allocation plan to return US$4.5 billion to shareholders through dividends and share repurchases from 2024 to 2026. This plan includes US$1.5 billion allocated for the full year 2024.
In the first 11 months of 2024, Yum China returned a record US$1.37 billion to shareholders, comprising US$1.18 billion in share repurchases and US$187 million in cash dividends. A total of 30 million shares were bought back, equivalent to approximately 7% of its outstanding shares as of December 31, 2023.
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