Chacha Food extends two employee stock ownership plans

Chacha Food has announced the impending expiration of its Fifth Phase Employee Stock Ownership Plan, initially set to conclude on April 7, 2024. The plan, which began on April 8, 2021, involved 91,947 shares (0.018% of total share capital) acquired at yuan 48.36 per share. Following resolutions on February 2, 2024, and February 18, 2025, the plan's duration will now end on April 7, 2026. No shares have been sold from this plan.

Similarly, the company's Eighth Phase Employee Stock Ownership Plan, originally scheduled to end on May 10, 2025, has also received an extension. This plan, which commenced on May 11, 2023, holds 1,638,531 shares (0.32% of total share capital). Shares were acquired through both non-transactional transfers (449,431 shares at yuan 35.51 per share) and secondary market purchases (1,189,100 shares at an average of yuan 45.45 per share). Approved on March 11, 2025, the Eighth Phase plan is now slated to conclude on May 10, 2026. No shares have been sold from this plan either.