Chacha Food extends employee stock ownership plan

Chacha Food (SZSE:002557) announced the extension of its eighth employee stock ownership plan, initially set to expire on May 10, 2025. Approved at both the employee holder meeting and the company's board of directors meeting on March 28, 2025, the plan will now continue until May 10, 2026. The employee stock ownership plan, which began in May 2023, involved the purchase of 1,638,531 shares through both off-market transfers and secondary market transactions, totaling an investment of 69,998,896.82 RMB. As of the announcement date, no shares under the employee stock ownership plan have been sold.