Chacha Food updates share buyback, convertible bond conversion

Chacha Food Co., Ltd. has updated its share repurchase program, with 1,055,192 shares repurchased by September 30, 2025, accounting for 0.209% of the total share capital. The repurchase, funded by proprietary capital and a special loan, had a total transaction value of 27,659,906.01 yuan, with prices ranging from 21.40 yuan to 29.53 yuan per share. The company initially approved the buyback for up to 80,000,000 yuan to be completed within 12 months from November 14, 2024, with adjusted maximum prices of 47.19 yuan and later 46.21 yuan per share due to equity distribution plans.

In parallel, Chacha Food also provided an update on its convertible bonds. For the third quarter of 2025, 34 convertible bonds, equivalent to 3,400 yuan, were converted, resulting in an increase of 56 shares. As of September 30, 2025, the remaining convertible bonds totaled 13,398,420, valued at 1,339,842,000 yuan, with an unconverted ratio of 99.9882%.

The conversion price for the convertible bonds has undergone several adjustments, with the latest change occurring on June 20, 2025, due to the 2024 annual equity distribution, setting the price at 55.93 yuan per share. These adjustments ensure compliance with the terms of the convertible bond issuance and regulatory requirements.