Wednesday 17 August 2022

Luckin Coffee files audited financial statements to the Sec for fiscal year 2021

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BEIJING, China – Luckin Coffee Inc. announced on April 14, 2022, that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 (the “2021 Annual Report”) with the U.S. Securities and Exchange Commission (the “SEC”).

The 2021 Annual Report, which contains Luckin Coffee’s audited consolidated financial statements prepared under U.S. GAAP as of and for the fiscal year ended December 31, 2021, can be accessed on the SEC’s website and on the Company’s investor relations website at https://investor.lkcoffee.com/.

In a separate statement, the company announced the same day the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP (“BDO”) as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2022, effective immediately.

The appointment has been approved by the audit committee of the Company’s Board of Directors.

BDO succeeds Centurion ZD CPA & Co. (“CZD”), the Company’s previous independent registered public accounting firm. CZD is committed to working with the Company and BDO to ensure a seamless transition.

Luckin Coffee Inc. has recently announced the successful completion of the restructuring of its financial indebtedness and its emergence from the bankruptcy proceeding commenced with respect to the Company as debtor under chapter 15 of title 11 of the United States Code (the “Chapter 15 Case”).

A final report was filed with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) on March 4, 2022 requesting the entry of an order to close the Chapter 15 Case.

As detailed in the final report, the Company previously obtained recognition and enforcement of its Cayman Islands scheme of arrangement under chapter 15 of title 11 of the United States Code and successfully restructured its financial indebtedness pursuant to such scheme.1 No objections were filed to the motion to close the Chapter 15 Case, and the Bankruptcy Court entered an order granting this request on April 8, 2022.

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