Group 1: Snack Food Industry - Qiaqia Food achieved steady revenue growth in October, but nut category volume contracted in November due to the timing of the Spring Festival, while the sunflower seed category continued to grow. The main focus for future product development will be on nuts, including single nuts and flavored nuts, with increased promotion and distribution efforts. New products in the pipeline include konjac, peanut fruit, potato chips, and nut milk, indicating a stronger push for category expansion compared to the past [4] - Ximai Food's sales performance in Q4 2025 is strong, continuing the trend from the previous three quarters. The company aims to maintain steady revenue growth in its oatmeal business for 2026, with new health products expected to contribute additional revenue. The online sales of new health products launched in late November are performing well, and the company plans to continue channel expansion [4] - Wancheng Group is focusing on improving store quality while controlling the speed of new store openings. The performance of same-store sales has improved compared to H1 2025, and the company plans to accelerate store openings in 2026. The company is also experimenting with new product categories in different city tiers, including short shelf-life products and daily necessities [4] Group 2: Food Supply Chain - Anjijia Food reports continued improvement in operations, with reduced price competition in the frozen food industry. The company has seen improved downstream restaurant demand and has maintained low promotional efforts, resulting in lower inventory levels among distributors. The focus has shifted from channel-driven to new product-driven strategies, with notable sales growth in new products like shrimp slices [5][6] - The company is also expanding into frozen baking and halal food sectors, indicating a diversification of its product offerings. The channel strategy has evolved from fully embracing customization to a more controlled approach, enhancing operational efficiency [6]

证券代码：002557 证券简称：洽洽食品 公告编号：2025-097 债券代码：128135 债券简称：洽洽转债 3、回售申报期：2025 年 12 月 2 日至 2025 年 12 月 8 日 4、发行人资金到账日：2025 年 12 月 11 日 5、回售款划拨日：2025 年 12 月 12 日 6、投资者回售款到账日：2025 年 12 月 15 日 7、回售申报期内"洽洽转债"暂停转股 洽洽食品股份有限公司 关于"洽洽转债"回售的第四次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、投资者回售选择权：根据《洽洽食品股份有限公司公开发行可转换公司 债券募集说明书》（以下简称《募集说明书》）的约定，"洽洽转债"持有人 可回售部分或者全部未转股的"洽洽转债"。"洽洽转债"持有人有权选择是 否进行回售，本次回售不具有强制性。 2、回售价格：100.236 元/张（含息税） 8、风险提示：投资者选择回售等同于以 100.236 元人民币/张（含当期利 息）卖出持有的"洽洽转债"。截至目前，"洽洽转债"的收盘价格高于本次 回售价格， ...

Group 1 - The core viewpoint of the article is that Qiaqia Food has reported a decrease in sunflower seed procurement prices compared to the same period last year, and the procurement process is ongoing [2] Group 2 - Qiaqia Food is actively engaging with investors through an interactive platform to provide updates on its procurement activities [2] - The company emphasizes that sunflower seed procurement remains a continuous process, indicating a stable supply chain [2]

Core Viewpoint - The company, Qiaqia Food, announced on December 2 that the procurement price of sunflower seeds has decreased compared to the same period last year, and the procurement process is ongoing [1] Group 1 - The procurement price of sunflower seeds is lower than the same period last year [1] - The company is actively continuing its sunflower seed procurement [1]

证券代码：002557 证券简称：洽洽食品 公告编号：2025-094 债券代码：128135 债券简称：洽洽转债 洽洽食品股份有限公司 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议。 2025年第三次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、会议召开和出席情况 （一）会议召开情况 1、召开时间： （1）现场会议时间：2025 年 12 月 2 日（星期二）下午 14:00； （2）网络投票时间：2025 年 12 月 2 日；其中，通过深圳证券交易所交易 系统进行网络投票的具体时间为2025年12月2日上午9:15—9:25，9:30-11:30， 下午 13:00-15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时 间为 2025 年 12 月 2 日 9:15-15:00 期间的任意时间。 2、现场会议地点：安徽省合肥经济技术开发区莲花路 1307 号公司四楼会议 室； 3、表决方式：现场投票、网络投票； 4、会议召集人：公司董事会； 5、会议主持人：公司董事 ...

证券代码：002557 证券简称：洽洽食品 公告编号：2025-095 债券代码：128135 债券简称：洽洽转债 洽洽食品股份有限公司 关于"洽洽转债"回售的第三次提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、投资者回售选择权：根据《洽洽食品股份有限公司公开发行可转换公司 债券募集说明书》（以下简称《募集说明书》）的约定，"洽洽转债"持有人 可回售部分或者全部未转股的"洽洽转债"。"洽洽转债"持有人有权选择是 否进行回售，本次回售不具有强制性。 2、回售价格：100.236 元/张（含息税） 3、回售申报期：2025 年 12 月 2 日至 2025 年 12 月 8 日 4、发行人资金到账日：2025 年 12 月 11 日 5、回售款划拨日：2025 年 12 月 12 日 本次发行的可转债最后两个计息年度，如果公司股票在任何连续三十个交易 日的收盘价格低于当期转股价格的 70%时，可转债持有人有权将其持有的可转债 全部或部分按债券面值加上当期应计利息的价格回售给公司。 若在上述交易日内发生过转股价格因发生送股票股利、转增股 ...

上海市通力律师事务所 关于洽洽食品股份有限公司 2025 年第三次临时股东会的法律意见书 致: 洽洽食品股份有限公司 上海市通力律师事务所(以下简称"本所")接受洽洽食品股份有限公司(以下简称"公 司")的委托, 指派本所陈杨律师、周奇律师(以下简称"本所律师")根据《中华人民共和国 公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规范性文件(以下 统称"法律法规")及《洽洽食品股份有限公司章程》(以下简称"公司章程")的规定就公 司 2025 年第三次临时股东会(以下简称"本次股东会")相关事宜出具法律意见。 本所律师已经对公司提供的与本次股东会有关的法律文件及其他文件、资料予以了核 查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有签 署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有效 的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东会召集和召开的程序、出席本次股东会人员资格 和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见, 并不对 本次股东会所审议的议 ...

Core Viewpoint - Chacha Food's stock price has shown fluctuations, with a recent increase of 2.02% but a year-to-date decline of 19.92%, indicating potential volatility in the market [1][2]. Financial Performance - For the period from January to September 2025, Chacha Food reported a revenue of 4.501 billion yuan, a year-on-year decrease of 5.38%, and a net profit attributable to shareholders of 168 million yuan, down 73.17% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 4.693 billion yuan, with 1.654 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 5.84% to 54,300, while the average number of circulating shares per person increased by 6.20% to 9,297 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 3.9811 million shares, a decrease of 15.9915 million shares from the previous period, and new entrants such as E Fund Yuxin Bond A and Ping An Low Carbon Economy Mixed A [3]. Market Activity - As of December 2, 2025, Chacha Food's stock was trading at 22.24 yuan per share, with a market capitalization of 11.25 billion yuan and a trading volume of 89.5586 million yuan [1]. - The stock has experienced a 2.49% increase over the last five trading days and a 1.18% increase over the last twenty days, while it has decreased by 4.01% over the last sixty days [1]. Business Overview - Chacha Food, established on August 9, 2001, and listed on March 2, 2011, specializes in the production and sale of nut snacks and baked leisure foods, with sunflower seeds accounting for 64.38% of its main business revenue [1]. - The company operates within the food and beverage sector, specifically in the leisure food and snack categories [1].

Core Viewpoint - The company announces the first reminder regarding the repurchase of "Qiaqia Convertible Bonds" due to the stock price falling below a certain threshold, allowing bondholders to sell their bonds back to the company at a specified price [4][18]. Summary by Sections Repurchase Overview - The repurchase condition is triggered as the company's stock price has been below 70% of the conversion price (55.93 CNY/share) for 30 consecutive trading days from October 20, 2025, to November 28, 2025 [4][18]. - Bondholders have the right to sell back part or all of their unconverted "Qiaqia Convertible Bonds" at the face value plus accrued interest [5][22]. Repurchase Terms - The repurchase price is set at 100.236 CNY per bond (including interest and tax) [3][22]. - The repurchase application period is from December 2, 2025, to December 8, 2025 [3][16]. - The funds will be credited to the company on December 11, 2025, with the payment to investors on December 15, 2025 [11][25]. Repurchase Procedures - The company will publish announcements regarding the repurchase conditions, application period, price, and procedures in various financial newspapers and online platforms [9][23]. - Bondholders must submit their repurchase applications through the Shenzhen Stock Exchange trading system during the specified period [10][24]. Trading and Conversion During Repurchase Period - "Qiaqia Convertible Bonds" will continue to trade during the repurchase period but will not allow conversion into shares [13][27].

Group 1 - The core point of the article is that Qiaqia Food announced that investors can choose to sell their "Qiaqia Convertible Bonds" at a price of 100.236 RMB per bond, including the current interest [1] - As of now, the closing price of the "Qiaqia Convertible Bonds" is higher than the repurchase price, indicating that investors opting for the repurchase may incur losses [1]