Luckin Coffee announced changes to its Board of Directors as several board terms expired in May 2026. The company’s Board had previously established two-year terms for directors, with eligibility for reappointment upon expiration.
The terms of Jinyi Guo, Wenbao Cao, Weihao (Michael) Chen, Jun Liu, Feng Liu, Qianli Liu and Sean Shao expired this month. While Feng Liu decided not to seek reappointment due to personal reasons, the remaining directors were reappointed for another two-year term.
Despite stepping down from the Board, Feng Liu will continue working with the company as an external strategic advisor.
Hui Li, Chairman of the Board at Luckin Coffee, thanked Feng Liu for his contributions and noted that his expertise and guidance played an important role in supporting the company’s long-term goals and strategies. Li also said the company looks forward to continuing to collaborate with him in the future.
Following the changes, the Board now consists of nine directors: Hui Li, Jinyi Guo, Wenbao Cao, Guiyi Chen, Weihao (Michael) Chen, Jun Liu, Joel A. Getz, Qianli Liu and Sean Shao.
The company also confirmed the updated composition of its board committees:
- Audit Committee: Qianli Liu and Sean Shao, with Sean Shao serving as Chairperson.
- Compensation Committee: Jinyi Guo, Guiyi Chen, Weihao (Michael) Chen and Sean Shao, with Sean Shao serving as Chairperson.
- Nominating and Corporate Governance Committee: Jinyi Guo, Weihao (Michael) Chen, Jun Liu and Qianli Liu, with Weihao (Michael) Chen serving as Chairperson.
Luckin Coffee said it remains focused on expanding its technology-driven retail network and strengthening its position within China’s coffee market. Founded in 2017, the company operates a rapidly growing coffee chain designed around convenience, affordability and digital ordering capabilities.
KEY QUOTE:
“I am grateful to Mr. Feng Liu for his significant contributions during his term of office. His knowledge and advice have been invaluable in propelling our goals and strategies for long-term achievements. On behalf of the Board, I extend best wishes to Mr. Liu and look forward to further collaborating with him in the future.”
Hui Li, Chairman of the Board, Luckin Coffee
