---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057752"
form_type: "8-K"
ticker: "YUMC"
cik: "0001673358"
company_name: "Yum China Holdings, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:33:19.826475+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Yum China expands share repurchase authorization by $1B to $3.4B

## Summary
- Board increased share repurchase authorization by $1B, bringing total to $3.4B; remaining authorization ~$1.8B.
- From 2017 to Nov 1, 2023, Yum China repurchased 36M shares for $1.6B.
- Expansion aligns with plan to return $3B to shareholders via dividends and buybacks from 2024-2026.
- CEO Joey Wat cited strong balance sheet, cash flow, and confidence in growth strategy RGM 2.0.

## SEC filing metadata
- accession: 0000950170-23-057752
- form_type: 8-K
- ticker: YUMC
- cik: 0001673358
- company_name: Yum China Holdings, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1673358/000095017023057752/0000950170-23-057752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1673358/000095017023057752/yumc-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057752
- JSON: https://secwatch.observer/filing/0000950170-23-057752.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057752.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.