Chacha Food updates on share buyback progress

As of August 31, 2025, Chacha Food has repurchased 1,033,192 shares through its dedicated securities account via centralized bidding. This represents 0.204% of the company's total share capital. The highest price paid per share was 29.53 yuan, while the lowest was 21.43 yuan, resulting in a total transaction amount of 27,189,086.01 yuan (excluding transaction fees). Funds for this repurchase originate from the company’s own capital and a specific stock repurchase loan, aligning with its previously announced plan.

The company's board of directors initially approved the repurchase on November 14, 2024, with a total budget between 40,000,000 yuan and 80,000,000 yuan. The initial maximum repurchase price of 47.48 yuan per share was subsequently adjusted due to equity distributions. After a 2024 Q3 equity distribution, the maximum price was adjusted to 47.19 yuan per share. A further adjustment following a 2024 annual equity distribution brought the maximum repurchase price to 46.21 yuan per share. The repurchase period extends for 12 months from the board's approval date.

Chacha Food has affirmed that its repurchase activities comply with the relevant regulations of the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The company commits to continue the repurchase plan based on market conditions and will adhere strictly to information disclosure requirements.