# EDGAR Filing Document

**Accession Number:** 0002083081
**File Stem:** 0000950103-25-010942
**Filing Date:** 2025-8
**Character Count:** 16467
**Document Hash:** f23dd5b0127f57cfb9190dc9dda78766
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-010942.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000950103-25-010942

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Chagee Holdings Ltd.
- **CENTRAL INDEX KEY:** 0002013649
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING & DRINKING PLACES [5810]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95171
- **FILM NUMBER:** 251275453

**BUSINESS ADDRESS:**
- **STREET 1:** 15/F, IFS BUILDING 2, HONGXING ROAD,
- **STREET 2:** JINJIANG DISTRICT, CHENGDU,
- **CITY:** SICHUAN
- **STATE:** F4
- **ZIP:** 610000
- **BUSINESS PHONE:** 86 028 6900 7666

**MAIL ADDRESS:**
- **STREET 1:** 15/F, IFS BUILDING 2, HONGXING ROAD,
- **STREET 2:** JINJIANG DISTRICT, CHENGDU,
- **CITY:** SICHUAN
- **STATE:** F4
- **ZIP:** 610000
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Beijing Qiushi Chenxing Consulting Center (Limited Partnership)
- **CENTRAL INDEX KEY:** 0002083081

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** F4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 803, 8/F, BUILDING 8, 3-3
- **STREET 2:** NO. 6 LANG JIA YUAN, CHAOYANG DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100022
- **BUSINESS PHONE:** 86 13810099738

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 803, 8/F, BUILDING 8, 3-3
- **STREET 2:** NO. 6 LANG JIA YUAN, CHAOYANG DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100022

## Ex-99.A

Exhibit A

Joint Filing Agreement

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned agrees that (i) this statement on Schedule 13G has been adopted and filed on behalf of each of them and (ii) all future amendments to such statement on Schedule 13G will, unless written notice to the contrary is delivered as described below, be jointly filed on behalf of each of them. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13G as to any of the undersigned upon such person giving written notice thereof to each of the other persons signatory hereto, at the principal office thereof.

Dated: August 28, 2025

---

| | |
|:---|:---|
| **Beijing Qiushi Chenxing Consulting Center (Limited Partnership)** | **Beijing Qiushi Chenxing Consulting Center (Limited Partnership)** |
| By: | /s/ Yang Zhou |
|  | Name: Yang Zhou |
|  | Title: Authorized Signatory of General Partner |

---

---

| | |
|:---|:---|
| **Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership)** | **Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership)** |
| By: | /s/ Yang Zhou |
|  | Name: Yang Zhou |
|  | Title: Authorized Signatory of General Partner |

---

---

| | |
|:---|:---|
| **Yang Zhou** | **Yang Zhou** |
| By: | /s/ Yang Zhou |
|  | Name: Yang Zhou  |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Chagee Holdings Limited

**Title of Class of Securities:** Class A ordinary shares, par value US$0.0001 per share

**CUSIP Number:** 15743P104

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

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

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Beijing Qiushi Chenxing Consulting Center (Limited Partnership) | Names of Reporting Persons<br>Beijing Qiushi Chenxing Consulting Center (Limited Partnership) |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>10243145.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>10243145.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10243145.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>10243145.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>8.5% | Percent of Class Represented by Amount in Row (9)<br>8.5% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Note to Rows 5, 7 and 9: The 10,243,145 shares beneficially owned with sole voting power and with sole dispositive power include 10,243,145 Class A ordinary shares held by Beijing Qiushi Chenxing Consulting Center (Limited Partnership), a limited partnership organized and existing under the laws of PRC whose general partner is Zhuhai Hao Hai Chen Xing Investment Fund Management Co. Ltd.

Note to Row 11: Based on the quotient obtained by dividing 10,243,145, the sum of the Class A ordinary shares beneficially owned by the Reporting Person as set forth in Row 9, by 120,478,383 Class A ordinary shares of the Issuer outstanding as of June 30, 2025.

---

| 1. | Names of Reporting Persons<br>Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership) | Names of Reporting Persons<br>Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership) |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>7594160.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>7594160.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7594160.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>7594160.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>6.3% | Percent of Class Represented by Amount in Row (9)<br>6.3% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

**Comment for Type of Reporting Person:** Note to Rows 5, 7 and 9: The 7,594,160 shares beneficially owned with sole voting power and with sole dispositive power include 7,594,160 Class A ordinary shares held by Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership), a limited partnership organized and existing under the laws of PRC whose general partner is Shenzhen Congbi Qiushi Investment Management Co. Ltd.

Note to Row 11: Based on the quotient obtained by dividing 7,594,160, the sum of the Class A ordinary shares beneficially owned by the Reporting Person as set forth in Row 9, by 120,478,383 Class A ordinary shares of the Issuer outstanding as of June 30, 2025.

---

| 1. | Names of Reporting Persons<br>Yang Zhou | Names of Reporting Persons<br>Yang Zhou |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>17837305.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>17837305.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>17837305.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>17837305.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>14.8% | Percent of Class Represented by Amount in Row (9)<br>14.8% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Note to Rows 5, 7 and 9: The 17,837,305 shares beneficially owned with sole voting power and with sole dispositive power include (i) 10,243,145 Class A ordinary shares held by Beijing Qiushi Chenxing Consulting Center (Limited Partnership), a limited partnership organized and existing under the laws of PRC whose general partner is Zhuhai Hao Hai Chen Xing Investment Fund Management Co. Ltd., and (ii) 7,594,160 Class A ordinary shares held by Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership), a limited partnership organized and existing under the laws of PRC whose general partner is Shenzhen Congbi Qiushi Investment Management Co. Ltd. Beijing Qiushi Chenxing Consulting Center (Limited Partnership) and Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership) are both ultimately controlled by Mr. Yang Zhou.

Note to Row 11: Based on the quotient obtained by dividing 17,837,305, the sum of the Class A ordinary shares beneficially owned by the Reporting Person as set forth in Row 9, by 120,478,383 Class A ordinary shares of the Issuer outstanding as of June 30, 2025.

---

**Item 1(a). Name of Issuer:**
Chagee Holdings Limited

**Item 1(b). Address of Issuer's Principal Executive Offices:**
Tower B, Hongqiao Lianhe Building, No. 99 Kaihong Road, Changning District, Shanghai, China, 200051

**Item 2(a). Name of Person Filing:**
Beijing Qiushi Chenxing Consulting Center (Limited Partnership)
Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership)
Yang Zhou
(Collectively, the "Reporting Persons")

**Item 2(b). Address of Principal Business Office:**
The business address of Beijing Qiushi Chenxing Consulting Center (Limited Partnership) and Mr. Yang Zhou is Room 803, 8/F, Building 8, 3-3, No. 6 Langjiayuan, Chaoyang District, Beijing, China.

The business address of Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership) is 401, Building 1, No. 19 Qinling Road, Laoshan District, Qingdao City, Shandong Province, China.

**Item 2(c). Citizenship:**
People's Republic of China

**Item 2(d). Title of Class of Securities:**
Class A ordinary shares, par value US$0.0001 per share

**Item 2(e). CUSIP Number:**
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:**

The information required by Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.

**(b) Percent of class:**

The information required by Item 4(b) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to each of the Reporting Persons is hereby incorporated by reference herein.

**(ii) Shared power to vote or to direct the vote:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to each of the Reporting Persons is hereby incorporated by reference herein.

**(iii) Sole power to dispose or to direct the disposition of:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to each of the Reporting Persons is hereby incorporated by reference herein.

**(iv) Shared power to dispose or to direct the disposition of:**

The information set forth in rows 5-11 (including the footnotes thereto) on the cover pages to this Statement with respect to each of the Reporting Persons is hereby incorporated by reference herein.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### 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.

**Beijing Qiushi Chenxing Consulting Center (Limited Partnership)**

**Date:** 08/28/2025

**By:** /s/ Yang Zhou

**Name & Title:** Yang Zhou / Authorized Signatory of General Partner

**Qingdao Qiushi Chenxing Venture Capital Fund II (Limited Partnership)**

**Date:** 08/28/2025

**By:** /s/ Yang Zhou

**Name & Title:** Yang Zhou / Authorized Signatory of General Partner

**Yang Zhou**

**Date:** 08/28/2025

**By:** /s/ Yang Zhou

**Name & Title:** Yang Zhou