Original title: The Ministry of Finance completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities Source: Supervision and Evaluation Bureau July 31, 2020 Source: Bureau of Supervision and Evaluation In accordance with the “Accounting Law of the People’s Republic of China”, the Ministry of Finance has organized its forces to deal with Luckin Coffee […]

Original title: Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated revenue by 2.119 billion yuan. Source: Securities Times·e Company e company news, the Ministry of Finance has completed the inspection of the accounting information quality of Ruixing Coffee Company’s domestic operating entities. The inspection found that from April 2019 to the end of 2019,

Ministry of Finance: From April 2019 to the end of 2019, Ruixing Coffee inflated its revenue by 2.119 billion yuan >> Read More

Zhitong Finance APP learned that according to media reports, part of the investigation report of the Special Investigation Committee on the Luckin (LK.US) incident has been exposed. The investigation results showed that the investors and company directors Liu Erhai and Li Hui were unaware of the fraud, and none of the current board members participated in the fraud. It is

Ruixing (LK.US) incident investigation report exposed, investors Liu Erhai and Li Hui did not know >> Read More

Original title: Ernst & Young claims that Ruixing’s fraud began in April last year, and the introduction of an anti-fraud team led to the exposure of Ruixing’s fraud On July 16, Ernst & Young issued the “Statement on Ruixing Coffee” (hereinafter referred to as “Statement”). In the statement, Ernst & Young stated that Ruixing Coffee’s financial fraud began in April

Ernst & Young said that Ruixing’s fraud began in April last year, and the introduction of anti-fraud team led to the exposure of Ruixing’s fraud >> Read More

Original Title: Ernst & Young Statement: No Audit Responsibility for Ruixing Coffee’s Financial Fraud Securities Times e company news, on July 16, Ernst & Young issued a statement on Ruixing Coffee. Ernst & Young said that the inspection of Ruixing Coffee has been completed and the inspection conclusion has been formed. According to Ernst & Young, Ruixing Coffee’s financial fraud

Ernst & Young Statement: No Audit Responsibility for Ruixing Coffee’s Financial Fraud >> Read More

News on July 14, Ruixing Coffee (LK.US) According to the announcement, the company held special shareholders’ meetings and the board of directors on July 5 and July 12, respectively. According to the results of the meeting, Guo Jinyi, a director of the board of directors and former acting CEO of Ruixing Coffee, has been appointed as the chairman of the

Ruixing Coffee’s board reorganization: Lu Zhengyao is out, Guo Jinyi becomes CEO and chairman >> Read More

Original title: Ruixing Coffee appoints new chairman Lu Zhengyao and others no longer serve as members of the board of directors Source: Station Master’s House Currently, Ruixing Coffee’s board of directors is composed of five independent directors Yang Cha, Zhuang Weiyuan, Feng Liu, Ying Zeng and Jie Yang, and three management directors Cao Wenbao, Guo Jinyi and Wu Gang, with

Ruixing Coffee appoints new chairman Lu Zhengyao and others no longer serve as board members >> Read More

Original title: Ruixing Coffee held a special general meeting of shareholders Lu Zhengyao, Liu Erhai and Li Hui directors’ removal proposal was passed Source: TechWeb.com.cn It is reported that at the extraordinary general meeting held yesterday, Lu Zhengyao himself appeared. Li Hui, the capital of Dazheng Capital, and Liu Erhai, the capital of Joy Capital, were not present, but entrusted

Ruixing Coffee convenes a special general meeting of shareholders >> Read More

Sina Hong Kong Stock News July 8 news, Chinese Flying Crane Encountered a short sale by Blue Orca, according to the short selling report, Blue Orca stated that China Feihe claims that the company is China’s fast-growing and highly profitable infant formula (IMF) producer. However, the reverse merger of the company’s listing in the United States failed. After experiencing a

Blue Orca shorts China’s flying cranes: the analogy Rui Xing exaggerates profit only worth HK$ 5.67 >> Read More

On July 8, short-selling agency Blue Orca Capital issued a short report on China’s Feihe, questioning Feihe’s infant milk powder revenue, operating costs, and profitability. As soon as the news came out, Feihe’s stock price plunged more than 8%. However, after Feihe clarified and released its earnings report, the company’s stock price rose in the afternoon. As of the close

Short again! Feihe or “reproduced Ruixing”? >> Read More

The special committee was formed on March 19, 2020, and was authorized by the company’s board of directors to access the company’s documents, records, and information, and to interview any employees, executives, and directors as the special committee considers appropriate. During the internal investigation, the Special Committee and its consultants reviewed more than 550,000 documents collected from more than 60

Ruixing Coffee completes internal investigation: revenue exaggerates 2.1 billion yuan and costs 1.3 billion yuan >> Read More

Original title: Ruixing’s internal investigation released: 2019 net income was falsely increased by 2.12 billion yuan, Qian Zhiya participated in counterfeit transactions On July 1, Ruixing announced on its official website that the internal investigation was basically completed. The Ruixing Coffee Special Committee found that the forgery transaction began in April 2019. The net income in 2019 was exaggerated by

Ruixing internal investigation released: net income was artificially increased by 2.12 billion yuan in 2019 >> Read More

Zhitong Finance APP learned that Ruixing Coffee (LK.US) announced on the evening of July 1, Beijing time that the special committee of the board of directors has basically completed an independent internal investigation and found that net revenue in 2019 was boasted by about 2.12 billion yuan. At the same time, the board of directors will meet on July 2

The independent internal investigation of Ruixing (LK.US) is basically completed: the net revenue is boasted to be about 2.12 billion yuan. >> Read More

The special committee was established on March 19, 2020, and was authorized by the board of directors to review the documents, records and information of Ruixing Coffee. It may interview any employees, officers and directors as the special committee considers appropriate. During the internal investigation, the Special Committee and its consultants reviewed more than 550,000 documents collected from more than

Ruixing announced the results of the internal investigation! The fraud started before going public, considering the dismissal of Chairman Lu Zhengyao >> Read More

U.S. Stocks in the Financial Sector News July 1, Beijing time Ruixing Coffee Announced the completion of the internal investigation. The Special Committee found that transaction fraud began in April 2019. The board of Ruixing Coffee decided to require Lu Zhengyao to resign as director and chairman. At the same time, the board fired former CEO Qian Zhiya and Asian

The internal investigation of Ruixing Coffee is basically completed, the board of directors requires Lu Zhengyao to resign as director and chairman >> Read More

Original title: Ruixing Coffee: Most directors require Lu Zhengyao to resign as director and chairman, the board of directors will meet on the 2nd Ruixing Coffee reported on the 1st that the internal investigation had been basically completed. The Ruixing Coffee Special Committee found that the forgery transaction began in April 2019. The company’s net income in 2019 was exaggerated

Ruixing Coffee: Most directors require Lu Zhengyao to resign as director and chairman, and the board of directors will meet on the 2nd >> Read More

BRIEF

July 1 (Reuters) – Luckin Coffee Inc LC0Ay.MU : * LUCKIN ANNOUNCES THE SUBSTANTIAL COMPLETION OF THE INTERNAL INVESTIGATION * LUCKIN COFFEE INC – SPECIAL COMMITTEE HAS FOUND THAT FABRICATION OF TRANSACTIONS BEGAN IN APRIL 2019 * LUCKIN COFFEE INC – COMPANY&aposS NET REVENUE IN 2019 WAS INFLATED BY APPROXIMATELY RMB 2.12 BILLION * LUCKIN COFFEE INC – COMPANY&aposS COSTS

BRIEF >> Read More

Sina Technology News On the evening of July 1, Ruixing Coffee released an announcement today that the special committee of the board of directors has basically completed an independent internal investigation of the fraudulent issues disclosed by the company in April 2020. During the internal investigation, the Special Committee and its consultants reviewed more than 550,000 documents collected from more

Rui Xing disclosed the progress of the investigation: false increase in revenue of 2.1 billion, most directors want to remove Lu Zhengyao >> Read More

Original title: Real Hammer! Ruixing’s internal investigation confirms that former CEO participated in performance fraud Lu Zhengyao may be removed from officeLu Zhengyao may be removed. On the evening of July 1, Beijing time, Ruixing Coffee announced on its official website that the internal investigation of financial fraud had been basically completed. According to the announcement, the Special Committee on

Real hammer! Ruixing’s internal investigation confirms that former CEO is involved in performance fraud Lu Zhengyao may be removed from office >> Read More

Original title: May be affected by Ruixing Coffee and China Automobile failed to disclose the annual report on time Yesterday night, UCAR announced that, according to relevant regulations, because the company could not disclose the 2019 annual report on time, UCAR stock will be suspended from July 1, and may face the risk of forced termination of the listing by

Or may be affected by Ruixing Coffee and China Automobile did not disclose the annual report on time. >> Read More