Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend

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Yum China (NYSE: YUMC; HKEX: 9987) announced that, in accordance with Hong Kong Stock Exchange listing rules requiring advance notice, its board will consider the declaration and payment of a possible quarterly dividend. The Board is expected to decide by resolution on or around July 30, 2026 (Beijing/Hong Kong time). As no resolution has been adopted yet, the company cautions there is no assurance that any dividend will be declared. Yum China also reminds investors that its HKEX filings are available on its investor relations website and on the HKEX website.

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SHANGHAI, July 17, 2026 /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance notice of board meetings at which a dividend is expected to be declared, that its board of directors (the "Board") will consider the declaration and payment of a quarterly dividend (the "Dividend"). If the Board decides to proceed, the declaration will be adopted by Board resolution on or around July 30, 2026 (Beijing/Hong Kong Time) and will be promptly disclosed by the Company.

The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such materials with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.

As no Board resolution in relation to the Dividend has been adopted as of the date of this press release, there is no assurance that the Dividend will be declared.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc. 

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 18,000 restaurants under six brands across around 2,600 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.

Investor Relations Contact
Tel: +86 21 2407 7556
E-mail: IR@yumchina.com 

Media Contact
Tel: +86 21 2407 3824
E-mail: Media@yumchina.com 

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SOURCE Yum China Holdings, Inc.

FAQ

What did Yum China (YUMC) announce about a possible quarterly dividend on July 17, 2026?

Yum China announced its board will consider declaring and paying a possible quarterly dividend around July 30, 2026. According to Yum China, this disclosure is made to comply with Hong Kong Stock Exchange rules requiring advance notice of board meetings where a dividend may be declared.

Has Yum China declared a quarterly dividend for 2026 yet for YUMC shareholders?

No, Yum China has not yet declared a quarterly dividend for 2026. According to Yum China, no board resolution on the dividend has been adopted as of July 17, 2026, and there is explicitly no assurance that any dividend will ultimately be declared.

When will Yum China’s board decide on the possible quarterly dividend for YUMC?

Yum China’s board expects to consider and, if it proceeds, adopt any dividend declaration by resolution on or around July 30, 2026. According to Yum China, the decision timing is stated in Beijing/Hong Kong time and will be promptly disclosed if approved.

Where can investors find Yum China (YUMC) filings related to the potential quarterly dividend?

Investors can access Yum China’s HKEX filings through the investor relations section of its website at http://ir.yumchina.com. According to Yum China, these materials are posted as soon as reasonably practicable after electronic filing and are also available on the HKEX website.

What do Hong Kong Stock Exchange rules require Yum China to disclose about potential dividends?

Hong Kong Stock Exchange rules require advance notice of board meetings where a dividend is expected to be declared. According to Yum China, this is why it announced that its board will consider a possible quarterly dividend before any formal board resolution is adopted.