Beijing / CN. (lci) Luckin Coffee Inc., a pioneer of a technology-driven new retail model to provide coffee and other products of high quality, high affordability, and high convenience to customers, announced that on June 17, 2020, it received an additional written notice from the Listing Qualifications Staff of the Nasdaq Stock Market LLC indicating that the Company’s failure to file its Form 20-F for the period ended December 31, 2019 serves as an additional basis for delisting the Company’s securities from the Nasdaq pursuant to Nasdaq Listing Rule 5250(c)(1). This Notice is in addition to the two bases cited in the written notice issued by the Listing Qualifications Staff as disclosed by the Company on May 19, 2020.
The Company has been working diligently to explore possible ways to file the Annual Report as soon as possible. However, the Company has not been able to file the Annual Report due to the impact of the delayed financial statement preparation process caused by Covid-19 and the pendency of the previously disclosed internal investigation.
Luckin Coffee Inc. 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 everyone’s everyday life, starting with coffee. The Company was founded in 2017 and is based in China.