
Group 1 - The announcement states that Guo Jinyi will no longer serve as the chairman of Luckin Coffee but will continue as CEO and director, while Li Hui has been appointed as the new chairman [1] - Guo Jinyi expressed confidence in Li Hui's experience in corporate management, which is expected to significantly contribute to the company's growth and strategic development [1] - Li Hui is currently the chairman and CEO of Dazhong Capital, which is the largest shareholder of Luckin Coffee [1] Group 2 - Guo Jinyi is a co-founder of Luckin Coffee and took over as chairman in July 2020, leading three major transformations: restructuring the business, launching popular products, and establishing an independent board system [2] - Li Hui previously served as a director of Luckin Coffee before July 2020 and is also the chairman of Taibang Biological Ltd. [2] - In the first quarter of 2024, Luckin Coffee reported total net revenue of 8.87 billion RMB, a year-on-year increase of 41.2%, with a GAAP operating profit of 740 million RMB and an operating profit margin of 8.3% [2]