Chagee Approves About $1.95 Special Dividend, Sets Three-Year Payout Plan

Chagee Holdings Limited’s board approved an approximately $1.95 special dividend per ordinary share and American depositary share, alongside a three-year plan for annual payouts starting in 2027. The announcement sets a payment date for holders of eligible ordinary shares and Nasdaq-listed American depositary shares, and outlines a minimum payout target tied to earnings.

The special dividend is payable in U.S. dollars on or about Dec. 4, 2026. Holders of record at the close of trading Nov. 23, 2026, Eastern Time, are eligible, except for certain Class A ordinary shares held by The Bank of New York Mellon for bulk issuance of American depositary shares reserved under Chagee’s share incentive plans.

Each American depositary share represents one Class A ordinary share. Chagee’s ADSs trade on Nasdaq under the symbol CHA.

The three-year policy begins with the fiscal year ending Dec. 31, 2027. Chagee plans to distribute at least 50% of the preceding fiscal year’s net income each year, while its board will determine the exact amount of each payout.

The policy marks a change from Chagee’s April 2026 disclosure that it had no near-term plan for annual dividends. The company paid a special dividend of $0.92 per share or ADS in November 2025.

Chagee had $967.9 million in cash, cash equivalents and restricted cash as of June 30, 2026. The special dividend is expected to reach eligible holders around Dec. 4.