Chacha Food announces second put-back option for convertible bonds

Chacha Food Co. has issued a second announcement regarding the put-back of its convertible bonds. Bondholders can sell back all or part of their unconverted bonds at a price of 100.236 yuan per bond (including interest and tax). The put-back declaration period is scheduled from December 2, 2025, to December 8, 2025.

The company's stock price fell below 70% of the current conversion price (55.93 yuan per share) for thirty consecutive trading days between October 20, 2025, and November 28, 2025. This triggered the conditional put-back clause as per the bond's prospectus. During the declaration period, the convertible bonds will temporarily suspend conversion to shares.

Funds from the put-back will reach the issuer on December 11, 2025, be allocated on December 12, 2025, and reach investors by December 15, 2025. Investors are advised that the current market closing price of the convertible bonds is above the put-back price, and choosing to put back may result in a loss.