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 ) 授出股權獎勵數目： 4,804 承授人人數： 2 （股份代號：9987） 授出股權獎勵及 以股權形式授予董事任職報酬 百勝中國控股有限公司（「本公司」）謹此宣佈，於2025年11月6日（美國時間，即 「授出日期」），本公司根據百勝中國控股有限公司2022年長期激勵計劃（「2022年長 期激勵計劃」）授出了若干股權獎勵及普通股股份（「股份」），其詳情載列如下。 向僱員授出股權獎勵 授出股權獎勵類別： 限制性股票單位 承授人身份： 所有承授人均為本公司附屬公司的僱員，並非本公司高級管 理層。該等承授人並非本公司董事、最高行政人員、主要股 東或彼等的任何聯繫人。 概無承授人須根據香港聯合交易所有限公司證券上市規則第 17章中第17.06A(2)條的規定作個 ...

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11月12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 ...

Core Insights - The company reported Q3 2025 operating performance with revenue of $3.206 billion, a year-on-year increase of 4%, and adjusted net profit of $282 million, a year-on-year decrease of 5% [1] - Same-store and restaurant profit margins continued to show strong performance, with rapid store openings; KFC's store opening speed reached a historical high by Q3 this year, and Pizza Hut surpassed 4,000 stores [1][2] - The company is steadily advancing shareholder returns and model iteration, enhancing core brand competitiveness [1][3] Financial Performance - Q3 2025 system sales increased by 4% year-on-year, driven by a 4% net new store contribution and same-store sales growth [1] - Same-store sales grew by 1%, with same-store transaction volume increasing by 4%, marking the 11th consecutive quarter of growth [1] - Core operating profit reached $399 million, up 8% year-on-year, with a core operating profit margin of 12.5%, an increase of 0.4 percentage points year-on-year [2] Restaurant Performance - Restaurant profit margin was 17.3%, up 0.3 percentage points year-on-year, primarily due to reduced costs in food, packaging, rent, and other operating expenses [2] - KFC's restaurant profit margin was 18.5%, up 0.2 percentage points, while Pizza Hut's was 13.4%, up 0.6 percentage points [2] - Delivery sales increased by 32% year-on-year, accounting for 51% of restaurant revenue, with digital order revenue making up 95% [2] Store Expansion - The company maintained a rapid store expansion pace, with a net addition of 536 stores in Q3 2025, a year-on-year increase of 22.4% [2] - KFC's store opening speed reached a historical high, and the company exceeded its original plan with over 1,800 K Coffee stores [2] - The KPRO brand, focusing on energy bowls and superfood smoothies, has opened over 100 locations in high-tier cities [2] Membership and Sales - The combined membership for KFC and Pizza Hut reached approximately 575 million, a year-on-year increase of 13% [2] - Membership sales accounted for 57% of the total system sales for KFC and Pizza Hut [2] Future Outlook - The company plans to add approximately 1,600 to 1,800 new stores in 2025, with franchise stores expected to account for 40%-50% of KFC's and 20%-30% of Pizza Hut's new stores [3] - Capital expenditure for the 2025 fiscal year is projected to be between $600 million and $700 million, with stable expectations for shareholder returns [3] - The company anticipates achieving net profits of $928 million, $1.002 billion, and $1.071 billion for the years 2025 to 2027, with current stock prices corresponding to PE ratios of 17X, 16X, and 15X respectively [3]

Core Viewpoint - Yum China (09987) announced a share buyback plan, indicating confidence in its financial position and commitment to returning value to shareholders [1] Group 1: Share Buyback Details - The company will repurchase 18,200 shares at a total cost of HKD 6.2681 million, with a price range of HKD 340.4 to HKD 348.6 per share [1] - Additionally, the company spent USD 320,000 to buy back 70,900 shares, with a price range of USD 44.89 to USD 45.49 per share [1] - The company also issued 1,798 shares under its long-term incentive plan and canceled 73,700 shares that had been repurchased [1]

Core Viewpoint - Yum China (09987) announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Share Buyback Details - The company will repurchase 18,200 shares at a total cost of HKD 6.2681 million, with a per-share price ranging from HKD 340.4 to HKD 348.6 [1] - Additionally, the company will spend USD 320,000 to buy back 70,900 shares, with a per-share price between USD 44.89 and USD 45.49 [1] - The company also issued 1,798 shares under its long-term incentive plan and canceled 73,700 shares that were previously repurchased [1]

Group 1 - Company announced a share repurchase on November 10, 2025, costing HKD 6.2681 million for 18,200 shares [1] - The repurchase price ranged from HKD 340.4 to HKD 348.6 per share [1]

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11月11日 | 2). | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | | 1,798 | 0 % | USD | 44.79 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | | | 公司採納的長期激勵計劃項下的授予而發行的股票 | | | | | | | | | 變動日期 2025年11月10日 | | | | | | | | | 於下列日期結束時的結存 (註5及6) | 2025年11月10日 | 361,830,127 | | 0 | | 361,830,127 | | | | B. 贖回/購回股份 (擬註銷但截至期終結存日期尚未註銷) (註5及6) | | | | | | | 1). | 於2025年9月15日在香港購回之股份 | | ...

Financial Performance - Net income for the quarter ended September 30, 2025, was $305 million, a decrease of 4.4% compared to $319 million for the same quarter in 2024[9] - Comprehensive income for the quarter was $335 million, down from $486 million in the prior year, reflecting a decline of 30.9%[9] - Year-to-date net income as of September 30, 2025, totaled $851 million, slightly lower than $854 million for the same period in 2024[11] - Company sales for the quarter ended September 30, 2025, were $2,998 million, an increase from $2,895 million in the same quarter of 2024, representing a growth of approximately 3.6%[53] - Total revenues for the year to date ended September 30, 2025, reached $9,518 million, compared to $9,166 million for the same period in 2024, indicating a year-over-year increase of about 3.8%[54] - Operating profit for the combined segments (KFC and Pizza Hut) for the quarter ended September 30, 2025, was $400 million, compared to $371 million for the same quarter in 2024[98] - Operating profit for the year to date ended September 30, 2025, was $1,103 million, compared to $1,011 million for the same period in 2024, reflecting an increase of 9.1%[99] Cash Flow and Capital Expenditures - Cash flows from operating activities increased to $1,341 million year-to-date, compared to $1,252 million in the previous year, marking a growth of 7.1%[11] - The company reported capital spending of $385 million year-to-date, down from $523 million in the previous year, a decrease of 26.4%[11] - The excise tax on net share repurchases amounted to $6 million for the year to date ended September 30, 2025, compared to $10 million for the same period in 2024[63] Assets and Liabilities - Total assets decreased to $11,034 million as of September 30, 2025, from $11,121 million at the end of 2024, a decline of 0.8%[12] - Total liabilities slightly decreased to $4,648 million from $4,694 million, reflecting a reduction of 1.0%[12] - Cash and cash equivalents at the end of the period were $648 million, down from $723 million at the beginning of the period, a decrease of 10.4%[12] - The company’s equity decreased to $6,386 million as of September 30, 2025, from $6,414 million at the end of 2024, a decline of 0.4%[12] Share Repurchase and Dividends - The company repurchased shares worth $692 million during the year, compared to $1,057 million in the previous year, a reduction of 34.5%[11] - Cash dividends declared in the third quarter of 2025 were $88 million, equating to $0.24 per common share, compared to $61 million or $0.16 per common share in the same period of 2024[13] - The company repurchased and retired shares amounting to $329 million in the third quarter of 2025, compared to $188 million in the same quarter of 2024, reflecting an increase of approximately 75%[13] Investments and Joint Ventures - The Company has a 65% equity interest in the Lavazza joint venture, which focuses on developing the Lavazza coffee concept in China[21] - The Company invested $14 million in SnowValley Agricultural Group, a key supplier for potatoes, in the first quarter of 2025[40] - The Company reported equity earnings from its investment in Sunner of $5 million for the quarter ended September 30, 2025[33] - The fair value of the Company's investment in Meituan was subject to market fluctuations, with a pre-tax unrealized loss of $11 million for the quarter ended September 30, 2024[38] Store Operations - As of September 30, 2025, the Company operates 12,640 KFC stores and 4,022 Pizza Hut restaurants in China[19][20] - The Company maintains a controlling interest of 58% to 92% in KFC entities across major cities in China[19] Tax and Regulatory Matters - The income tax provision for the quarter ended September 30, 2025, was $114 million, with an effective tax rate of 27.6%, compared to $119 million and 27.3% for the same quarter in 2024[89] - Year-to-date income tax provision for 2025 was $313 million, with an effective tax rate of 27.2%, compared to $309 million and 26.6% in 2024[90] - The company will continue to monitor regulatory developments related to tax reforms, including the OECD's Pillar Two initiative, which introduces a 15% global minimum tax starting January 1, 2024[94] Segment Performance - Revenue from external customers for KFC was $2.404 billion and for Pizza Hut was $635 million for the quarter ended September 30, 2025, totaling $3.206 billion[98] - KFC's revenue from external customers for the year to date ended September 30, 2025, was $6,746 million, up from $6,555 million in 2024, marking an increase of 2.9%[99] - Pizza Hut's revenue from external customers for the year to date ended September 30, 2025, was $1,784 million, compared to $1,750 million in 2024, reflecting a growth of 1.9%[99] Other Financial Metrics - The company reported foreign currency translation adjustments of $30 million in the third quarter of 2025, compared to $167 million in the same quarter of 2024, showing a significant decrease[13] - The provision for accounts receivable was $2 million as of September 30, 2025, compared to $1 million as of December 31, 2024, reflecting an increase in expected credit losses[56] - The company recognized breakage revenue from prepaid stored-value products based on historical redemption patterns, with estimates reviewed annually[44]

香港交易及結算所有限公司及香港聯合交易所有限公司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。 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.com 承董事會命 百勝中國控股有限公司 屈翠容 董事及首席執行官 香港，2025 年 11 月 10 日 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） 自願公告 致投資者的通知— 投資者日日期 本公告乃由百勝中國控股有限公司（「 本公司」） 自願發出。本公司今日宣佈將於2025年11月17 日在中國深圳舉辦投資者日活動。該活動將包含公司管理層的演講與問答環節，以及參觀公司 的餐廳。 演講將於北京／香港時間 2025 年 11 月 17 日（星期一）上午九時開始（即美國東部時間 2025 ...

Core Viewpoint - Yum China (09987) announced a share repurchase plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Summary by Category Share Repurchase Details - The company plans to repurchase 73,700 shares at a cost of $3.2 million [1] - Additionally, it will spend HK$6.274 million to buy back 18,600 shares [1]