Form 4 Filing by Yin Dengfeng

Yin Dengfeng, Chief Operating Officer and Director of Chagee Holdings Ltd., reported a transaction on June 24, 2026. Dengfeng acquired 80,427 American Depositary Shares (ADSs) through the exercise of employee stock options at a price of $3.7614 per share. Following this transaction, Dengfeng directly holds 347,653 ADSs. The filing also details indirect holdings through TeaTide Limited, which holds 4,000,000 ADSs and 7,522,236 Class A Ordinary Shares. Footnotes indicate that the ADSs acquired through option exercise were converted from ordinary shares. The filing clarifies the complex ownership structure involving trusts and other entities, emphasizing Dengfeng's control and beneficial interest.