Chacha Foods offers put option on convertible bonds

Chacha Foods announced the fourth indicative notice for the put-back of its "Chacha Convertible Bonds," allowing eligible holders to sell their bonds back to the company. The put-back price is set at 100.236 yuan per bond, which includes accrued interest and tax. The put-back declaration period for investors is from December 2, 2025, to December 8, 2025.

The put-back option was triggered because the company's stock price traded below 70% of its current conversion price for 30 consecutive trading days between October 20, 2025, and November 28, 2025. This condition aligns with the terms outlined in the convertible bond's prospectus. The calculation for the accrued interest is 0.236 yuan per bond, derived from a 2.00% annual interest rate over 43 days.

The company's funds for the put-back will be available by December 11, 2025, with payments to investors expected by December 15, 2025. During the declaration period, "Chacha Convertible Bonds" will temporarily suspend conversion to shares. Investors are advised that the current market price of the bonds is higher than the put-back price, so choosing to put back the bonds may result in a loss.