Chacha Food adjusts convertible bond conversion price after share cancellation

Chacha Food Co., Ltd. (SZSE:002557) has announced an adjustment to the conversion price of its "Qia Qia Convertible Bonds" from RMB 56.90 to RMB 56.91 per share, effective March 7, 2025. The adjustment follows the company's cancellation of 1,147,400 repurchased shares, representing 0.23% of its share capital before cancellation. This share cancellation, approved by shareholders on January 3, 2025, reduced Chacha Food's total share capital from 507,002,492 to 505,855,092 shares. The adjustment to the conversion price is in accordance with the terms outlined in the convertible bond's issuance documents, which stipulates changes to the conversion price based on share capital alterations. The bond, with the code 128135, was originally issued on October 20, 2020, and listed on the Shenzhen Stock Exchange on November 18, 2020, with a face value of 100 yuan each.