Chacha Food issues third convertible bond put option reminder

Chacha Food Co., Ltd. (SZSE:002557) has issued a third reminder regarding the put option for its "Chacha convertible bonds" (SZSE:128135), effective from December 2 to December 8, 2025. The put price is set at CNY 100.236 per bond. Bondholders are reminded that exercising the put option, which is not mandatory, may result in losses given that the current market price of the convertible bonds exceeds the put price. The issuer's funds are expected by December 11, 2025, with investor payments due by December 15, 2025.

The put option was triggered because the company's stock price continuously closed below 70% of the current conversion price (CNY 55.93 per share) for thirty consecutive trading days between October 20 and November 28, 2025, falling within the last two interest-accrual years of the convertible bonds. During the put option declaration period, "Chacha convertible bonds" trading will continue, but the conversion to shares will be suspended.

Concurrently, Chacha Food held its third extraordinary general meeting of 2025 on December 2, 2025, approving resolutions related to the Tenth Employee Stock Ownership Plan. These resolutions, including the plan itself, authorization for the board to manage related matters, and the management methods for the plan, passed with significant majorities from shareholders, including small and medium investors.