---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-316788"
form_type: "8-K"
ticker: "YUMC"
cik: "0001673358"
company_name: "Yum China Holdings, Inc."
filed_at: "2025-12-12T23:59:59+00:00"
generated_at: "2026-05-16T13:21:45.612650+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 buyback authorization by $1B, sets $460M repurchase for H1 2026

## Summary
- Board increased buyback authorization by $1B to $5.4B total; remaining authorization ~$1.2B.
- Entered $460M repurchase agreements for H1 2026: $350M in U.S., HK$880M in Hong Kong.
- Plans to return $1.5B to shareholders in 2026 via dividends and buybacks, ~9% of market cap.
- From 2024-2026, on track to return $4.5B; from 2027, plans ~100% of free cash flow, ~$0.9-1B annually.

## SEC filing metadata
- accession: 0001193125-25-316788
- form_type: 8-K
- ticker: YUMC
- cik: 0001673358
- company_name: Yum China Holdings, Inc.
- filed_at: 2025-12-12T23:59:59+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/1673358/000119312525316788/0001193125-25-316788-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1673358/000119312525316788/yumc-20251212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-316788
- JSON: https://secwatch.observer/filing/0001193125-25-316788.json
- Plain text: https://secwatch.observer/filing/0001193125-25-316788.txt

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