Chacha Food extends employee stock ownership plans

Chacha Food (SZSE:002557) announced the extension of both its fifth and eighth employee stock ownership plans. The fifth plan, initially set to expire on April 7, 2024, was previously extended to April 7, 2025, and will now be extended an additional 12 months, expiring on April 7, 2026. This plan involves 91,947 shares acquired at a price of CNY 48.36 per share. Concurrently, the eighth employee stock ownership plan, originally scheduled to end on May 10, 2025, will also be extended by 12 months to May 10, 2026. The eighth plan holds 1,638,531 shares acquired through a combination of non-transaction transfers and secondary market transactions, totaling CNY 69,998,896.82. Both extensions were approved at the company's sixth board meeting and by employee stakeholders, in accordance with existing regulations. Chacha Food states that the corporation has not sold any shares associated with either plan since the plans' inception.