Fosun group reports 7.45M-share stake in Chagee (CHA), discloses joint filing

Rhea-AI Filing Summary

Chagee Holdings Ltd. disclosed that Fosun International and affiliated reporting persons beneficially own a material stake in the company. Together the reporting persons report ownership of 7,446,439 Class A Ordinary Shares (including ADSs), which the filing states represents 6.2% of the 120,478,383 Class A Ordinary Shares outstanding after the issuer's initial public offering as reported in the issuer's prospectus. The reported position is comprised of 7,408,691 Class A Ordinary Shares held by Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership), for which Shanghai Weiyi Investment Management Co., Ltd. is general partner, and 37,748 ADSs held by Fidelidade - Companhia de Seguros, S.A., with each ADS representing one Class A Ordinary Share.

The Schedule 13G filing identifies shared voting power and shared dispositive power over the reported shares and attaches a joint filing agreement among the reporting persons. The filing presents the ownership amounts and the percentage calculation basis drawn from the issuer's prospectus, and it lists the reporting entities and their places of organization. The statement provides a clear, itemized disclosure of the groups passive beneficial ownership and the allocation of holdings among Fosun International and its subsidiaries as reported in the document.

Positive

• Material disclosure of ownership: Reporting persons collectively disclose ownership of 7,446,439 shares (6.2%), exceeding the 5% reporting threshold
• Detailed breakdown: Filing itemizes holdings by entity: 7,408,691 shares held by Wuxi Forba and 37,748 ADSs held by Fidelidade
• Clarity on calculation basis: Percentage is calculated against 120,478,383 Class A Ordinary Shares outstanding as reported in the issuers prospectus
• Joint filing agreement: Reporting persons executed a joint filing agreement, clarifying coordinated disclosure among Fosun entities

Negative

• None.

Insights

Securities Analyst

TL;DR: Fosun group disclosed a >5% passive stake in Chagee, reporting 7,446,439 shares (6.2%), a material ownership disclosure but routine in form.

The Schedule 13G lists an aggregate beneficial position of 7,446,439 Class A Ordinary Shares, representing 6.2% of the post-IPO float of 120,478,383 shares as stated in the prospectus. The filing breaks the stake into holdings by Wuxi Forba (7,408,691 shares) and Fidelidade (37,748 ADSs) and discloses shared voting and dispositive power. As a Schedule 13G, this reflects a passive reporting posture rather than an active acquisition disclosed on a Schedule 13D. The information is material in that it signals a reported >5% holder, but the filing itself contains no transaction history, change of control intent, or operational detail to suggest an immediate corporate impact.

Corporate Governance Expert

TL;DR: The joint filing and shared powers show coordinated disclosure among Fosun entities, clarifying ownership lines and voting/dispositive arrangements.

The document names Fosun International, Shanghai Weiyi, Wuxi Forba and Fidelidade as reporting persons and includes a joint filing agreement. It specifies the allocation of shares among subsidiaries and confirms shared voting and dispositive authority over the disclosed shares. For governance review, the filing provides transparent identification of related parties and the ownership split, which assists stakeholders in understanding who holds economic and voting interests. The filing does not allege any governance changes or proposals tied to the disclosed stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Chagee Holdings Ltd.

(Name of Issuer)

Class A Ordinary Shares, par value US$0.0001 per share

(Title of Class of Securities)

15743P104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Fosun International Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,446,439.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,446,439.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,446,439.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.2 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Rows 6, 8 and 9: Number of shares is number of Class A ordinary shares, par value US$0.0001 per share ("Class A Ordinary Shares") (including in the form of American depositary shares ("ADSs")), of Chagee Holdings Limited (the "Issuer"), which includes (i) 7,408,691 Class A Ordinary Shares held directly by Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership), a subsidiary of Fosun International Limited, and (ii) 37,748 ADSs held directly by Fidelidade - Companhia de Seguros, S.A., a subsidiary of Fosun International Limited. Row 11: This percentage is calculated based on 120,478,383 Class A Ordinary Shares of the Issuer outstanding after the Issuer's initial public offering, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission (the "SEC") on April 18, 2025, after giving effect to the completion of that initial public offering and the full exercise of the underwriters' over-allotment option, as described therein and in the Issuer's Form 6-K filed with the SEC on May 30, 2025. Note: There is no CUSIP number assigned to the Class A Ordinary Shares of the Issuer. CUSIP number 15743P104 has been assigned to the ADSs of the Issuer. Each ADS represents one Class A Ordinary Share.

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Shanghai Weiyi Investment Management Co., Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,408,691.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,408,691.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,408,691.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Rows 6, 8 and 9: Number of shares is number of Class A Ordinary Shares of the Issuer held by Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership) of which Shanghai Weiyi Investment Management Co., Ltd. is the general partner. Row 11: This percentage is calculated based on 120,478,383 Class A Ordinary Shares of the Issuer outstanding after the Issuer's initial public offering, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the SEC on April 18, 2025, after giving effect to the completion of that initial public offering and the full exercise of the underwriters' over-allotment option, as described therein and in the Issuer's Form 6-K filed with the SEC on May 30, 2025. Note: There is no CUSIP number assigned to the Class A Ordinary Shares of the Issuer. CUSIP number 15743P104 has been assigned to the ADSs of the Issuer. Each ADS represents one Class A Ordinary Share.

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership)

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,408,691.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,408,691.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,408,691.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Rows 6, 8 and 9: Number of shares is number of Class A Ordinary Shares of the Issuer held by Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership). Row 11: This percentage is calculated based on 120,478,383 Class A Ordinary Shares of the Issuer outstanding after the Issuer's initial public offering, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the SEC on April 18, 2025, after giving effect to the completion of that initial public offering and the full exercise of the underwriters' over-allotment option, as described therein and in the Issuer's Form 6-K filed with the SEC on May 30, 2025. Note: There is no CUSIP number assigned to the Class A Ordinary Shares of the Issuer. CUSIP number 15743P104 has been assigned to the ADSs of the Issuer. Each ADS represents one Class A Ordinary Share.

SCHEDULE 13G

CUSIP No. 15743P104

1

Names of Reporting Persons

Fidelidade - Companhia de Seguros, S.A.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PORTUGAL

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 37,748.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 37,748.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

37,748.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: Rows 6, 8 and 9: Number of shares is number of Class A Ordinary Shares in the form of ADSs of the Issuer held by Fidelidade - Companhia de Seguros, S.A. Row 11: This percentage is calculated based on 120,478,383 Class A Ordinary Shares of the Issuer outstanding after the Issuer's initial public offering, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the SEC on April 18, 2025, after giving effect to the completion of that initial public offering and the full exercise of the underwriters' over-allotment option, as described therein and in the Issuer's Form 6-K filed with the SEC on May 30, 2025. Note: There is no CUSIP number assigned to the Class A Ordinary Shares of the Issuer. CUSIP number 15743P104 has been assigned to the ADSs of the Issuer. Each ADS represents one Class A Ordinary Share.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Chagee Holdings Ltd.
(b)	Address of issuer's principal executive offices: Tower B, Hongqiao Lianhe Building No. 99 Kaihong Road, Changning District Shanghai, F4, 200051
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by Fosun International Limited ("Fosun International"), a company organized under the laws of the Hong Kong Special Administrative Region ("Hong Kong") of the People's Republic of China (the "PRC"), Shanghai Weiyi Investment Management Co., Ltd. ("Shanghai Weiyi"), a company established under the laws of the PRC with limited liability, Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership) ("Wuxi Forba"), a limited partnership established under the laws of the PRC, and Fidelidade - Companhia de Seguros, S.A. ("Fidelidade", together with Fosun International, Shanghai Weiyi and Fidelidade, the "Reporting Persons"), a company organized under the laws of Portugal. Each of Shanghai Weiyi, Wuxi Forba and Fidelidade is a subsidiary of Fosun International. Shanghai Weiyi is the general partner of Wuxi Forba.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for Fosun International is Room 808, ICBC Tower, 3 Garden Road, Central, Hong Kong. The address of the principal business office for Shanghai Weiyi is 17th Floor, 600 Zhongshan No. 2 Road (E), Huangpu District, Shanghai, PRC. The address of the principal business office for Wuxi Forba is 40 Renmin South Road, Luoshe Town, Huishan District, Wuxi City, Jiangsu Province, PRC. The address of the principal business office for Fidelidade is Largo do Calhariz, 30, Lisbon, Portugal.
(c)	Citizenship: See Item 2(a)
(d)	Title of class of securities: Class A Ordinary Shares, par value US$0.0001 per share
(e)	CUSIP No.: 15743P104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 of the cover pages to this Schedule 13G for the aggregate number of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025.
(b)	Percent of class: See Item 11 of the cover pages to this Schedule 13G for the percentage of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 of the cover pages to this Schedule 13G for the number of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025 as to which there is sole power to vote or direct the vote.
	(ii) Shared power to vote or to direct the vote: See Item 6 of the cover pages to this Schedule 13G for the number of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025 as to which there is shared power to vote or direct the vote.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 of the cover pages to this Schedule 13G for the number of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025 as to which there is sole power to dispose or direct the disposition.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 of the cover pages to this Schedule 13G for the number of Class A Ordinary Shares (including in the form of ADSs) that are beneficially owned by each Reporting Person as of June 30, 2025 as to which there is shared power to dispose or direct the disposition.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Item 2
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fosun International Limited

Signature:	/s/ SZE Mei Ming
Name/Title:	SZE Mei Ming/Company Secretary
Date:	08/14/2025

Shanghai Weiyi Investment Management Co., Ltd.

Signature:	/s/ YU Jun
Name/Title:	YU Jun/Legal Representative
Date:	08/14/2025

Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership)

Signature:	/s/ YU Jun
Name/Title:	By Shanghai Weiyi Investment Management Co., Ltd., its general partner, by YU Jun/Legal Representative
Date:	08/14/2025

Fidelidade - Companhia de Seguros, S.A.

Signature:	/s/ DONG Sijie
Name/Title:	DONG Sijie/Chief Investment Officer
Date:	08/14/2025

Exhibit Information

Exhibit 99.1 - Joint Filing Agreement, dated August 14, 2025, by and among Fosun International Limited, Shanghai Weiyi Investment Management Co., Ltd., Wuxi Forba Tea Enterprise Management Partnership (Limited Partnership) and Fidelidade - Companhia de Seguros, S.A.

FAQ

How many Chagee (CHA) shares does Fosun report owning?

The reporting persons disclose an aggregate of 7,446,439 Class A Ordinary Shares (including ADSs) beneficially owned.

What percentage of Chagee (CHA) does the disclosed stake represent?

The filing states this aggregate position represents 6.2% of the 120,478,383 Class A Ordinary Shares outstanding as reported in the issuer's prospectus.

How are the holdings allocated among the reporting entities?

The position consists of 7,408,691 Class A Ordinary Shares held by Wuxi Forba and 37,748 ADSs held by Fidelidade, as reported.

Does the filing indicate voting or dispositive power over the shares?

Yes, the filing discloses shared voting power and shared dispositive power for the reported shares.

Is there an agreement among the reporting persons?

Yes, the filing references and attaches a Joint Filing Agreement among Fosun International, Shanghai Weiyi, Wuxi Forba and Fidelidade.