Chacha Food's convertible bonds resume share conversion after put option pause

Chacha Food Co., Ltd. (SZSE:002557) has announced the resumption of share conversion for its "Chacha convertible bonds" (bond code: 128135) starting from December 9, 2025. The conversion was temporarily suspended from December 2, 2025, to December 8, 2025, due to the activation of a conditional put option.

The put option was triggered because the company's stock price, from October 20, 2025, to November 28, 2025, consistently traded below 70% of the current "Chacha convertible bonds" conversion price of 55.93 yuan per share, and the bonds are in their final two interest-accrual years. The convertible bonds, with a total issuance of 1.34 bn yuan, were issued on October 20, 2020, and began trading on the Shenzhen Stock Exchange on November 18, 2020.

In accordance with the Shenzhen Stock Exchange's self-regulatory guidelines, companies are required to suspend share conversion for convertible bonds when a put option is exercised. Following the conclusion of the put option declaration period, "Chacha convertible bonds" will resume normal share conversion activities.