Xiamen

The 22nd China International Fair for Investment and Trade Opened in Xiamen, Fujian

Retrieved on: 
Friday, September 9, 2022

Merchants from 66 countries and regions came to attend the conference

Key Points: 
  • Xiamen, Fujian--(Newsfile Corp. - September 9, 2022) - On the morning of September 8, the 22nd China International Fair for Investment and Trade (CIFIT) with the theme of "Global Development: Sharing Digital Opportunities and Investing in a Green Future" opened in Xiamen.
  • The 2022 International Investment Forum, the Opening Ceremony and Keynote Forum of the Leading China International Emerging Industry Investment and Financing Cooperation Conference, and the 2022 "Silk Road Shipping" International Cooperation Forum were held concurrently.
  • For the first time, a project capital docking pavilion and a "China Investment Hot Cities Exhibition Area" are set up.
  • The 22nd China International Fair for Investment and Trade opened in Xiamen, Fujian
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    Zhang Chunxian, vice chairman of the Standing Committee of the National People's Congress of China, attended the opening ceremony of the 22nd China International Fair for Investment and Trade in Xiamen and delivered a keynote speech.

Luckin Coffee Announces Closing of Investment Agreement with Centurium Capital

Retrieved on: 
Wednesday, December 1, 2021

BEIJING, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that it has closed its previously announced investment agreement with an affiliate of Centurium Capital (Centurium Capital), as the lead investor.

Key Points: 
  • BEIJING, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that it has closed its previously announced investment agreement with an affiliate of Centurium Capital (Centurium Capital), as the lead investor.
  • The investment by Centurium Capital enables Luckin Coffee to focus on the continued expansion of its core coffee business, execution of its business plan and achievement of its long-term growth targets.
  • Luckin Coffee has made separate arrangements with Joy Capital to close its portion of the investment agreement, totaling approximatelyUS$10 millionin senior preferred shares.
  • Both Centurium and Joy Capital are leading private equity investment firms in China and current shareholders of Luckin Coffee.

Luckin Coffee Creditors Approve Scheme of Arrangement

Retrieved on: 
Wednesday, December 1, 2021

BEIJING, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company) (OTC: LKNCY) announced that a meeting was held yesterday in Grand Cayman, Cayman Islands regarding the previously announced scheme of arrangement (the “Scheme”) proposed in relation to the restructuring of its $460 million 0.75% Convertible Senior Notes due 2025 (“Existing Notes”). The meeting was convened for the purpose of allowing the Company’s class of creditors affected by the Scheme (the “Scheme Creditors”) to consider and, if thought fit, approve, with or without modification, the Scheme.

Key Points: 
  • The meeting was convened for the purpose of allowing the Companys class of creditors affected by the Scheme (the Scheme Creditors) to consider and, if thought fit, approve, with or without modification, the Scheme.
  • The meeting was attended by fifty-six Scheme Creditors representing approximately 97.7% in aggregate outstanding principal amount of the Existing Notes.
  • Accordingly, the Scheme has been approved by the requisite majority of Scheme Creditors.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Luckin Coffee to Hold Extraordinary General Meeting to Adopt Amendments to Memorandum and Articles of Association

Retrieved on: 
Monday, November 8, 2021

BEIJING, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced that it will convene an extraordinary general meeting of the Company (the “EGM”) at 10 a.m. on December 11, 2021, Beijing time.

Key Points: 
  • The purpose of the EGM is for the Companys shareholders to consider, and if thought fit, approve resolutions related to certain amendments to the Companys Fifth Amended and Restated Memorandum and Articles of Association.
  • The resolutions proposed by the Board of Directors of Luckin Coffee (the Board) are intended to protect the long-term viability ofthe Company and promote long term shareholder value.
  • Any statements that are not historical facts, including statements about Luckin Coffees beliefs and expectations, are forward-looking statements.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Luckin Coffee Inc. Announces Unaudited First Half of 2021 Financial Results

Retrieved on: 
Thursday, October 21, 2021

BEIJING, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the six months ended June 30, 2021. As a result of the COVID-19 pandemic, the Company’s business and financial performance in the first half year of 2020 were materially adversely affected. The Company cautions investors to take this into account when comparing and evaluating period-over-period growth metrics.

Key Points: 

Luckin Coffee Adopts Shareholder Rights Plan

Retrieved on: 
Thursday, October 14, 2021

BEIJING, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that its Board of Directors (Board) unanimously adopted a shareholder rights plan (the Rights Plan) to protect the interests of the Companys shareholders.

Key Points: 
  • BEIJING, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that its Board of Directors (Board) unanimously adopted a shareholder rights plan (the Rights Plan) to protect the interests of the Companys shareholders.
  • The Rights Plan, if triggered, will significantly dilute the ownership of any Acquiring Person (as defined in the Rights Plan).
  • However, the Board may, in its sole and absolute discretion, determine that a shareholder or potential shareholder is exempt from the Rights Plan at any time before such person becomes an Acquiring Person.
  • A letter to shareholders regarding the Rights Plan and a summary of certain terms of the Rights Plan will be mailed to shareholders.

Luckin Coffee Files Annual Report for Fiscal 2020

Retrieved on: 
Tuesday, September 21, 2021

BEIJING, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 (the 2020 Annual Report) with the U.S. Securities and Exchange Commission (the SEC).

Key Points: 
  • BEIJING, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (in Provisional Liquidation) (Luckin Coffee or the Company) (OTC: LKNCY) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 (the 2020 Annual Report) with the U.S. Securities and Exchange Commission (the SEC).
  • As of December 31, 2020, Luckin Coffee had operated 3,929 self-operated stores in 56 cities in China and operated 874 partnership stores.
  • Luckin Coffee continues to make progress on returning the Company to normalized financial reporting, said Dr. Jinyi Guo, Chairman and Chief Executive Officer of Luckin Coffee.
  • The 2020 Annual Report, which contains Luckin Coffees audited consolidated financial statements prepared under U.S. GAAP as of and for the fiscal year ended December 31, 2020, can be accessed on the SECs website and on the Companys investor relations website at https://investor.luckincoffee.com/ .

Luckin Coffee Announces Launch of Scheme of Arrangement in Compliance with RSA

Retrieved on: 
Tuesday, September 21, 2021

Assuming the Scheme is approved by the requisite voting majorities at the Scheme Meeting, a further hearing to determine whether the Court will sanction the Scheme will take place.

Key Points: 
  • Assuming the Scheme is approved by the requisite voting majorities at the Scheme Meeting, a further hearing to determine whether the Court will sanction the Scheme will take place.
  • Copies of the petition and summons filed in respect of the Scheme are available on the scheme website at https://dm.epiq11.com/luckinscheme (the Scheme Website).
  • Luckin Coffee will publish a further announcement notifying the Scheme Creditors of the time and date of the Convening Hearing once confirmed by the Cayman Court.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.

Luckin Coffee Enters into Binding Term Sheet to Settle U.S. Securities Class Action

Retrieved on: 
Tuesday, September 21, 2021

The final report of valid opt-out notices received will be provided to the U.S. Court on or before October 8, 2021.

Key Points: 
  • The final report of valid opt-out notices received will be provided to the U.S. Court on or before October 8, 2021.
  • This announcement contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended.
  • Luckin Coffee (OTC: LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high convenience, and high affordability to customers.
  • Empowered by proprietary technologies, Luckin Coffee pursues its vision to build a world-class coffee brand and become a part of everyones daily life.