Mediaboss Marketing

BEIJING, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the Company) (OTC:LKNCY) today announced the following:

The Company received a letter of resignation on August 3, 2020 from Ms. Jie Yang and Ms. Ying Zeng, respectively, under which Ms. Yang and Ms. Zeng notified the Company of their resignations from the Board of Directors of the Company, effective immediately.

The Company thanks Ms. Yang and Ms. Zeng for their dedicated service to the Company.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, potential, continue, ongoing, targets, guidance and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the SEC), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Companys beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Companys growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in Chinas e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of Chinas e-commerce market; PRC governmental policies and regulations relating to the Companys industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Companys filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

About Luckin Coffee Inc.

Luckin Coffee Inc.(OTC:LKNCY) has pioneered a technology-driven retail network to provide coffee and other products of high quality, high affordability, and high convenience to customers. Empowered by big data analytics, AI, and proprietary technologies, the Company pursues its mission to be part of everyones everyday life, starting with coffee. The Company was founded in 2017 and is based inChina. For more information, please visit investor.luckincoffee.com.

Investor and Media Contacts

Investor Relations:

Luckin Coffee Inc. IREmail:ir@luckincoffee.com

Bill Zima / Fitzhugh TaylorICR,Inc.Phone: +1 646 880 9039

Media Relations:

Luckin Coffee Inc. PREmail:pr@luckincoffee.com

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Luckin Coffee Received Notifications from Ms. Jie Yang and Ms. Ying Zeng of their Resignations from the Board, Effective Immediately - GlobeNewswire