Group 1 - Yum China announced a share buyback of 74,300 shares at a total cost of $3.2 million, with a per-share price ranging from $42.12 to $43.42 [1] - On the same date, the company also repurchased 18,800 shares for a total of HK$6.2596 million, with a per-share price between HK$330.6 and HK$340.2 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司「香港聯交所」對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Yum China Holdings, Inc. 百 勝 中 國 控 股 有 限 公 司 （於美利堅合眾國特拉華州註冊成立的有限公司） （股份代號：9987） 香港，2025 年 10 月 15 日 預註册鏈接: https://register-conf.media-server.com/register/BI9e7407ad602f441ea518cca00c739e9d 網絡直播回放將於活動結束兩小時後提供，並將持續開放至 2026 年 11 月 3 日。此外，本次電 話會議的業績報告及隨附簡報將可於本公司的投資者關係網站 http://ir.yumchina.com 瀏覽。 投資者關係聯繫方式： 電話: +86 21 2407 7556 Email: IR@yumchina.com 媒體聯繫方式: 電話: +86 21 2407 3824 Email: Media@yumchina. ...

于2025年10月14日，斥资625.96万港元回购1.88万股股份，每股回购价格为330.6-340.2港元。 智通财经APP讯，百胜中国(09987)发布公告，于2025年10月14日，该公司斥资320万美元回购7.43万股 股份，每股回购价格为42.12-43.42美元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 呈交日期： 2025年10月15日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 09987 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已 ...

Core Viewpoint - Yum China Holdings, Inc. will report its unaudited financial results for the third quarter ended September 30, 2025, before the U.S. market opens on November 4, 2025 [1] Financial Reporting - The earnings conference call is scheduled for 7:00 a.m. U.S. Eastern Time on November 4, 2025, with a live webcast available [2] - A replay of the webcast will be accessible two hours after the event and will remain available until November 3, 2026 [3] Company Overview - Yum China is the largest restaurant company in China, operating over 16,000 restaurants across approximately 2,400 cities [3] - The company manages six brands, including KFC and Pizza Hut, and has partnered with Lavazza for coffee development in China [3] - Yum China boasts a digitalized supply chain and strong digital capabilities, enhancing customer service and engagement [3]

Core Insights - The restaurant industry has entered a "stock competition" era, characterized by peak traffic and high cost pressures, leading to the emergence of the "sub-brand symbiosis" model for expansion among leading chains [1][16] - This model emphasizes collaboration and independence between main and sub-brands, allowing them to share the same customer base while maintaining distinct operations [1] Group 1: Adoption of the Sub-Brand Symbiosis Model - Major players like KFC and Mixue Ice City have adopted the "sub-brand symbiosis" model, with KFC launching its independent coffee brand, Kenuo Coffee, in 2023 [2][15] - Mixue Ice City's sub-brand, Lucky Coffee, has also utilized this model, with approximately 70% of its stores located in third-tier cities and below [4] - The model is not limited to coffee and tea but is also applied in the Chinese fast food sector, as seen with Wei's Liangpi and its sub-brand Wei's Burger [6] Group 2: Strategic Intent Behind the Model - The "sub-brand symbiosis" model reflects a strategic shift in the restaurant industry, where chains are increasingly incubating sub-brands internally rather than through external partnerships [7] - This approach allows brands to share resources, deepen engagement with the same core customer base, and reduce development costs [8][10] - The model facilitates resource reuse across various operational aspects, from site selection to management, thereby lowering the trial and error costs for new brands [9] Group 3: Benefits of the Model - The model enables brands to leverage existing customer bases and brand credibility, allowing new brands to quickly gain market traction and reduce promotional costs [10][12] - Kenuo Coffee exemplifies this success, growing from 50 stores in 2023 to over 700 by 2024, achieving a 14-fold increase [13] - Lucky Coffee, leveraging Mixue Ice City's network, expanded from 4,500 to 8,700 stores in a short period, indicating the accelerated growth potential of sub-brands [15][17]

Group 1 - Yum China (09987) announced a share buyback on October 13, 2025, spending HKD 6.2621 million to repurchase 18,600 shares at a price range of HKD 332.4 to 339.6 per share [1] - On the same day, the company also repurchased 74,300 shares for USD 320,000, with a price range of USD 42.76 to 43.37 per share [1]

Group 1 - Company announced a share buyback on October 13, 2025, costing HKD 6.2621 million [1] - A total of 18,600 shares were repurchased at a price range of HKD 332.4 to HKD 339.6 per share [1]

于同日，斥资320万美元回购7.43万股股份，每股回购价格为42.76-43.37美元。 智通财经APP讯，百胜中国(09987)发布公告，该公司于2025年10月13日斥资626.21万港元回购1.86万股 股份，每股回购价格为332.4-339.6港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 百勝中國控股有限公司("本公司") 呈交日期： 2025年10月14日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09987 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 ...