Chacha Food triggers put option for convertible bonds

Chacha Food announced its convertible bonds, "Qiaqia Zhuanzhai," have met the conditions for a put option. The company's stock price closed below 70% of the current conversion price (55.93 yuan/share) for 30 consecutive trading days between October 20 and November 28, 2025. This triggers the put option for the final two interest-accruing years.

The put-back price is set at 100.236 yuan per bond (including interest and tax). The put option declaration period is scheduled from December 2, 2025, to December 8, 2025.

During this declaration period, "Qiaqia Zhuanzhai" will continue to trade, but conversion to shares will be suspended, resuming on December 9, 2025. Bondholders can exercise their right to sell all or part of their unsubscribed "Qiaqia Zhuanzhai" during the specified period. Chacha Food advises investors that the current closing price of "Qiaqia Zhuanzhai" is higher than the put-back price, so exercising the put option may result in losses.

Funds for the put-back will be received by the issuer on December 11, 2025, transferred on December 12, 2025, and reach investors by December 15, 2025. This process aligns with the Shenzhen Stock Exchange's self-regulatory guidelines and the convertible bonds' prospectus.