CHAGEE Rings the Opening Bell on The Nasdaq

Rhea-AI Summary

CHAGEE Holdings , a premium tea drinks brand specializing in tea and dairy beverages, celebrated its public listing on Nasdaq on April 17, 2025, trading under the ticker symbol 'CHA'.

Founded in 2017 by Junjie Zhang, who serves as Chairman and CEO, CHAGEE has expanded to over 6,400 stores worldwide. The company is preparing to enter the North American market with its first teahouse opening in Los Angeles, California.

The company's mission focuses on 'Creating Connections Every Day with Tea' while supporting healthy lifestyle choices and driving industry innovation in the premium tea beverage sector.

Positive

• Successful IPO and listing on Nasdaq, providing access to capital markets
• Strong global presence with 6,400+ stores worldwide
• Expanding into North American market with first US location

Negative

• None.

Company Celebrates Transition to a Public Company; Shares Trade Under “CHA” Ticker

NEW YORK and SHANGHAI, April 17, 2025 (GLOBE NEWSWIRE) -- Chagee Holdings Limited (“CHAGEE”), a leading premium tea drinks brand unique in creating a tea beverage composed of extracted original tea leaves and dairy, rang the opening bell at The Nasdaq today, officially celebrating its transition to a public company. The company shares began trading today. Junjie Zhang, Founder, Chairman of the Board, and CEO; and Hongfei Huang (Aaron), CFO; were joined by partners and friends of the Company at The Nasdaq MarketSite.

“Since founding CHAGEE in 2017, we envisioned creating a global brand,” said Junjie Zhang, Founder, Chairman of the Board, and CEO of CHAGEE. “This is just the beginning. We will continually support healthy lifestyle choices, drive industry innovation, and deliver on our mission of Creating Connections Every Day with Tea.”

“By the end of last year, CHAGEE operated over 6,400 stores worldwide, with our first North American teahouse opening soon in Los Angeles, California,” said Hongfei Huang (Aaron), CFO of CHAGEE. “Today's listing marks both our entry into the capital markets and significant progress toward our vision of serving superior tea to every corner of the world.”

CHAGEE Rings the Opening Bell at The Nasdaq

CHAGEE Shares Trade Today on The Nasdaq under “CHA”

About Chagee Holdings Limited:
Chagee Holdings Limited (CHAGEE) is a leading premium tea drinks brand, serving healthy and delicious freshly-made tea drinks. Founded in 2017, CHAGEE is unique in creating a tea beverage composed of extracted original tea leaves and dairy. As of end 2024, CHAGEE has 6,440 stores worldwide and 177 million loyalty members. The Company has teahouses in mainland China, Hong Kong, Malaysia, Thailand, Singapore, Indonesia and soon in the United States.

Media Contact:
Brad Burgess, SVP
ICR, LLC
brad.burgess@icrinc.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/6b78c59c-af8a-42a2-a348-10428e11c22d

https://www.globenewswire.com/NewsRoom/AttachmentNg/613b3bcc-5b68-4a75-a029-b5fd5d0dc941

FAQ

When did CHAGEE (CHA) start trading on Nasdaq?

CHAGEE (CHA) began trading on Nasdaq on April 17, 2025.

How many stores does CHAGEE (CHA) operate globally?

CHAGEE operates over 6,400 stores worldwide as of the end of the previous year.

Where is CHAGEE (CHA) opening its first North American location?

CHAGEE is opening its first North American teahouse in Los Angeles, California.

What year was CHAGEE (CHA) founded?

CHAGEE was founded in 2017 by Junjie Zhang.