First of all, let's sort out the whole process of the incident. In April 2020, Luckin Coffee released a heavy news in its official announcement, saying that in the process of self-inspection, it was found that Liu Jian, the chief operating officer of the company, made a fraud in the company's financial accounts, and the amount was quite large, involving about 2.2 billion RMB transactions. The board of directors of the company immediately set up a special Committee to conduct an internal investigation. In addition, because of listing abroad, many American law firms filed a class action lawsuit against Luckin Coffee, claiming that its operation was false and misleading, and said that this behavior seriously violated the US securities law.
On June 29th, Luckin Coffee was officially delisted from the Nasdaq Stock Exchange, and its share price dropped directly from the initial 17 to 1.38, a drop of 90%, which was simply unbearable to gamble. In July 1, the company conducted a self-examination, claiming that the stock price was exaggerated by more than 2 billion. On July 3 1 day, the Ministry of Finance conducted relevant investigations on the company in accordance with relevant laws and regulations.
In the end, it was found that Luckin Coffee falsely reported the cost, profit, income and turnover of its commodity coupons from April 2065438 to the end of 2009, and the turnover even reached 2.2 billion yuan, which seriously disrupted the market and had a huge impact on consumers.
Two. Penalty decision on Lujin Coffee: 1. On June 65438+1October 65438+February, the General Administration of Market Supervision announced the penalty decision on Lujin Coffee, with a fine of 2 million yuan. 2. On 12 and 17, Luckin Coffee Guan Wei issued a statement saying that it had reached a settlement with the higher authorities on a series of previous frauds and agreed to pay a high penalty.
At present, the company and related stores are running stably and operating normally. Luckin Coffee will continue to communicate with the regulatory authorities, and in the next operation, compliance will be the top priority. At the same time, Luckin Coffee also said that the company will continue to operate stably and continue to provide consumers with high-quality, high-level convenient products and services.