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What is the relationship between Fawn Tea and Ruixing Coffee?

Fawn Tea is an independent brand under Ruixing Coffee China, and Fawn Tea is a series of tea drink products launched on April 10, 2019 by Ruixing Coffee.

Fawn Tea has a professional product development team and global suppliers. As an energizing tea drink for young people, Little Deer Tea has a number of product series, including the Boo Boo Milk Tea series, Buttermilk Tea series, Kolbis series, and Master Coffee series, as well as global snacks and trendy peripherals. By making full use of the new retail model of mobile Internet and big data technology, Ruixing Coffee is committed to providing customers with high-quality, cost-effective and convenient products through in-depth cooperation with top suppliers in various fields.

Extended Information:

. p>Ruixing Coffee History:

On April 23, 2020, Ruixing Coffee said in a filing with the U.S. Securities and Exchange Commission (SEC) that Thomas Meyer, the company's independent director, had submitted his resignation. The resignation of Mas Meyer will leave only three independent directors on the audit committee of Ruixing Coffee's board of directors .

In the evening of May 12, 2020, Ruixiang Coffee announced a restructuring of its board of directors and senior management, with the CEO and COO suspended.

May 26, 2020, Ruixing Coffee's share price continued to rise after the opening of the market, as of 10:52 a.m. local time in the U.S., Ruixing Coffee's share price reached $2.23 per share, or 60.43%, with a total market value of about $559 million. It's worth noting that Ruixing Coffee's 52-week high share price was $51.38 per share before the share price plunge that occurred earlier.

Baidu Encyclopedia - Fawn Tea

Baidu Encyclopedia - Ruixiang Coffee