HONG KONG–(BUSINESS WIRE)–MAC Assets Corp., a minority shareholder of Luckin Coffee Inc., recently issued a letter to the Shareholders, Convertible Bondholders, Joint Provisional Liquidators and Board of Directors of Luckin Coffee to call for all minority shareholders to work together and support the Company completely cutting its relationship with the previous management.
Below is the full text of the letter:
Dear Shareholders, CBs, JPLs, and BOD of Luckin Coffee Inc.:
We, an institutional investor holding Luckin Coffee�s stocks, has been long paying attention to the development of Luckin Coffee (the Company). At the Extraordinary General Meeting of the Company on December 11, we supported and voted for the proposed amendments to the Memorandum and Articles of Association.
As a minority shareholder of the Company, we have noticed that the purposes of the amendments to the Memorandum and Articles of Association and the Shareholder Rights Plan (the Poison Pill) previously adopted by the Board of Directors are to prevent the previous management that involved in the Companys financial fraud (the previous management) from acquiring the Companys shares. Moreover, we have known from the capital market that the previous management has been trying to acquire the Companys shares in covert ways.
Sincerely,
MAC Assets Corp.
12.12.2021
Contacts
Name: Kristy Li
E-mail: Kristyli@chuhaimedia.com
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