Luckin Coffee will not be able to release its annual report on time
On the evening of April 29, Luckin Coffee submitted a document to the US Securities and Exchange Commission (SEC) stating that the company will not be able to submit its 2019 annual report by April 30 because of the new coronary epidemic and the company ’s internal investigation. 1) The announcement shows that since January 2020, due to the impact of the new coronary epidemic, the company's business and employees have been affected by national prevention and control measures and travel restrictions, resulting in the financial report preparation time as of December 31, 2019 was severely delayed. At the same time, the company's board of directors has formed a special committee to conduct an internal investigation. Therefore, Luckin Coffee will not be able to submit its 2019 annual report as scheduled.