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Get filing alertsYum China shareholders elect 12 directors, approve share issuance and repurchase authority
Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read
Key Changes
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Shareholders approved board authority to issue up to 20% of outstanding shares (90.6% support) and repurchase up to 10% of shares (99.6% support), both effective through June 2027.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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Director Zhe (David) Wei received 83.9% support (16.0% opposition), notably lower than the other 11 directors who each received 97.5%–99.8% support.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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Say-on-pay vote passed with 91.1% support (231.3 million for, 22.5 million against), reflecting normal shareholder approval of executive compensation.
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR → -
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KPMG Huazhen LLP and KPMG ratified as 2026 auditors with 98.8% support (271.3 million for, 3.2 million against).
Item 5.07 — Submission of Matters to a Vote of Security Holders verify on EDGAR →
Summary
Yum China's 2026 annual meeting proceeded routinely with 78.30% of outstanding shares represented. Shareholders granted the board flexibility to issue up to 20% of outstanding shares and repurchase up to 10%, both authorities running through June 2027. The share issuance authority faced 9.3% opposition while the repurchase authority passed nearly unanimously.
All 12 director nominees were elected, though director Zhe (David) Wei received 16.0% opposition (83.9% support), a level that stands out against the 97.5%–99.8% support the other directors received. This opposition level may reflect specific shareholder concerns about this director. Executive compensation and auditor ratification both passed with healthy support levels typical of uncontested governance matters.
Section-by-Section Diff
Event · Item 5.07 — Submission of Matters to a Vote of Security Holders
Yum China held its 2026 annual meeting with 78.30% quorum; shareholders elected 12 directors, ratified auditors, and approved executive pay.
Added in current filing · verify on EDGAR →
For | Against | Abstain | Broker Non-Votes | 230,114,158 | 23,739,431 | 544,941 | 20,589,980
Shareholders approved the board's authority to issue up to 20% of outstanding shares (Proposal 4) with 90.6% support and authority to repurchase up to 10% of outstanding shares (Proposal 5) with 99.6% support. Both authorities are effective until the 2027 annual meeting or June 28, 2027, whichever is earlier. The share issuance authority faced 9.3% opposition while the repurchase authority was nearly unanimous.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
A total of 274,988,510 shares, or 78.30% of the Company’s outstanding common stock, were present in person or represented by proxy at the Annual Meeting, constituting a quorum.
The 2026 annual meeting achieved a quorum with 78.30% of outstanding shares represented. This turnout level is typical for annual meetings and sufficient for all proposals to proceed to a vote.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify