SHANGHAI, May 01, 2025 — Chagee Holdings Limited (NASDAQ:CHA), a prominent premium tea beverage brand known for its healthy and freshly prepared tea drinks, announced today that the underwriters of its previously announced U.S. initial public offering have exercised their option to purchase an additional 2,202,598 American Depositary Shares (ADSs) at the IPO price of US$28.00 per ADS. This exercise generates approximately US$61.7 million in additional gross proceeds, prior to accounting for underwriting discounts and commissions. Each ADS represents one Class A ordinary share of Chagee. The issuance and sale related to the over-allotment option was completed on April 30, 2025.

Citigroup Global Markets Inc., Morgan Stanley Asia Limited, and Deutsche Bank AG, Hong Kong Branch served as the representatives for the underwriters in this transaction, with China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited, Moomoo Financial Inc., and Valuable Capital Limited also acting as underwriters (collectively referred to as the “Underwriters”).

The Company’s registration statement on Form F-1 regarding the Offering was filed with the U.S. Securities and Exchange Commission and became effective on April 16, 2025. The Offering is being conducted solely through a prospectus that is part of the effective registration statement. Copies of the final prospectus related to the Offering can be obtained, when available, by contacting the following: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, United States of America, via telephone at +1-800-831-9146 or email at prospectus@citi.com; Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, United States, via telephone at +1-866-718-1649 or email at prospectus@morganstanley.com; Deutsche Bank AG, Hong Kong Branch at 60/F, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong, via telephone at +852-2203-8166 or email at asia.ecm.internal@list.db.com; China International Capital Corporation Hong Kong Securities Limited at 29/F, One International Finance Center, 1 Harbor View Street, Central, Hong Kong, via telephone at +852-2872-2000 or email at ib_projecth2024@cicc.com.cn; Tiger Brokers (NZ) Limited at Level 27, 151 Queen Street, Auckland Central, New Zealand, 1010, via telephone at +64-09-3938128 or email at vincent.c@tigerfintech.com; Moomoo Financial Inc. at 185 Hudson ST, 5 Harborside, Suite 2603, Jersey City, NJ 07311, USA, via telephone at +1-888-721-0610 or email at IPO@us.moomoo.com; and Valuable Capital Limited at RM 3601-06 & 3617-19, 36/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, via telephone at +852-2500-0343 or email at leo.xiao@valuable.com.hk.

This press release is not an offer to sell or a solicitation of an offer to buy these securities. Furthermore, there will be no sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction. Any offers to buy, solicitations or sales of the securities will adhere to the registration requirements outlined in the Securities Act of 1933, as amended.

About Chagee Holdings Limited

Chagee is a leading premium tea brand dedicated to serving healthy and delicious, freshly prepared tea beverages. Since its founding in 2017, Chagee has transformed traditional tea culture into a modern lifestyle experience through the use of cutting-edge technology and innovative branding. Chagee is committed to quality, innovation, and cultural connection, and continues to reshape the global tea industry.

Contact

Investor Relations
Robin Yang, Partner
ICR, LLC
Email:
Phone: +1 (212) 537-5825

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