Yum China applies for primary listing on HKEX; special meeting Oct 11

Yum China Holdings, Inc.

Filed for voluntary conversion from secondary to primary listing on HKEX; effective Oct 24, 2022 pending approvals.
Special Meeting on Oct 11, 2022 to seek stockholder approval for share issuance (up to 20%), repurchase (up to 10%), and new equity plan.
Dual primary listing on NYSE and HKEX; shares remain fully fungible between exchanges.
CEO Joey Wat cites broader investor base, increased liquidity, and NYSE delisting risk mitigation as strategic rationale.

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