Luckin Coffee Releases 2020-2022 Corporate Governance Report
Report Highlights Strengthened Corporate Governance Structure and Practices
Details Luckin Coffee’s
The report discloses information and developments on Luckin Coffee’s strengthened corporate governance concepts, structure and practices. “We hope our experiences and reflections can build a solid foundation for
Below are some of the key highlights of our corporate governance initiatives and practices, as outlined in the report:
- Introduced the Company’s core values of integrity, craftsmanship, innovation, ownership and cooperation
- Reshaped corporate governance structure to enable a multi-faceted supervision system with clear segregation of duties
- Implemented a “Three Lines of Defense” risk management structure which utilizes a cross-organizational, multi-functional audit and control mechanism
- Established Sustainable Development Committee and introduced an environmental, social and governance framework
- Implemented strict quality-control measures, guided by
Food Safety and Quality Control Committee which identifies, assesses, mitigates and continuously monitors all product quality-related risks - Developed a stringent raw material management system to ensure product quality and safety and integrate ethical supply chain practices
- Conducted multiple training programs to support the diversity and the rapid growth of the Company’s personnel; nearly 50% of full-time staff are women
The full report is available on the Company’s website: https://investor.luckincoffee.com/corporate-governance/governance.
About
Investor, Media and ESG Contacts
Investor Relations:
Luckin Coffee IR
Email: ir@lkcoffee.com
Phone: 646 880 9039
Media Relations:
Luckin Coffee PR
Email: pr@lkcoffee.com
Phone: 212 355 4449
ESG Relations:
Luckin Coffee ESG
Email: esg@lkcoffee.com
Luckin Coffee Inc.