Brief: Luckin Coffee Says Terminated Jenny Zhiya Qian And Jian Liu From Positions Of CEO And COO, Respectively

Luckin Coffee

12/05/2020 16:05

May 12 (Reuters) - Luckin Coffee Inc  LK.O :
    * LUCKIN COFFEE INC - BOARD HAS TERMINATED JENNY ZHIYA QIAN
AND
JIAN LIU FROM THE POSITIONS OF THE CEO AND THE CHIEF OPERATING
OFFICER, RESPECTIVELY
    * LUCKIN COFFEE INC - BOARD DEMANDED AND RECEIVED FROM QIAN
AND
LIU THEIR RESIGNATIONS FROM THE BOARD
    * LUCKIN COFFEE -  BOARD HAS APPOINTED JINYI GUO AS THE
ACTING CEO
    * LUCKIN COFFEE - SINCE BEGINNING OF INVESTIGATION, CO
PLACED 6
OTHER EMPLOYEES, WHO WERE INVOLVED IN FABRICATED TRANSACTIONS,
ON SUSPENSION OR LEAVE
    * LUCKIN COFFEE - BOARD ALSO ANNOUNCED APPOINTMENT OF WENBAO
CAO
AND GANG WU AS DIRECTORS TO BOARD
    * LUCKIN COFFEE - FOLLOWING ISSUING PRESS RELEASE ON APRIL
2, CO
HAS BEEN RESPONDING TO INQUIRIES FROM REGULATORY AGENCIES IN
U.S. & CHINA

Source text: (https://bit.ly/2WqJwWg)
Further company coverage:  LK.O 

 ((Reuters.Briefs@thomsonreuters.com;))