On April 11, Yum China's official website published an annual open letter to shareholders. CEO Joey Wat (Joey Wat) stated in the letter that in 2023, a total of US$833 million was given back to shareholders through dividends and share repurchases, a record high of 75% of the company's operating profit. This also brought its total return to shareholders of US$3 billion since its spin-off and listing at the end of 2016. Qu Cuirong said that Yum China plans to speed up the pace and give back at least 3 billion US dollars to shareholders within the next 3 years, of which it plans to give back 1.5 billion US dollars in 2024.
百胜中国发股东信：计划今年加码回购及股息，回馈股东15亿美元
Yum China sends shareholder letter: plans to increase repurchases and dividends this year to give back US$1.5 billion to shareholders
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