Chacha Food: Employee stock ownership plan nears conclusion

** Chacha Food (SZSE:002557) has announced that its ninth employee stock ownership plan is nearing its conclusion on December 24, 2025. The plan, approved in late 2023, involved the company purchasing 2,701,000 shares, representing 0.53% of the total share capital, through secondary market transactions, at an average price of CNY36.255 per share, totaling CNY97,926,055.32. The company has confirmed that no shares have been sold under the plan since its inception. The management committee is slated to decide on distributing proceeds from any future sale and will consider the final distribution of any remaining proceeds after deducting expenses. Chacha Food has also been followed up for credit rating in June, securing AA with stable outlook from China Lianhe Credit Rating, demonstrating robust financial health.