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Luckin Coffee announces appointment of MarcumBP as new independent auditor

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BEIJING, China — Luckin Coffee Inc. has announced the appointment of Marcum Bernstein & Pinchuk LLP (“ MarcumBP ”) as the Company’s independent registered public accounting firm, effective September 17, 2020.

The appointment has been approved by the Company’s Audit Committee and Board of Directors.

MarcumBP succeeds Ernst & Young Hua Ming LLP (“EY”), which previously was the independent auditor providing audit services to the Luckin Coffee.

The Company’s decision to change its auditor was due to timetable considerations regarding its Form 20-F for the period ended December 31, 2019.

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The decision was not the result of any disagreement (as defined in Item 16F(a)(1)(iv) of Form 20-F and the related instructions therein) between the Company and EY on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

The Company is working closely with MarcumBP and EY to ensure a seamless transition and intends to work expeditiously with MarcumBP for filing its Form 20-F for the period ended December 31, 2019 as soon as possible.

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