BEIJING, Dec. 22, 2021 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (in Provisional Liquidation) (“Luckin Coffee” or the “Company”) (OTC: LKNCY) announced today that its scheme of arrangement (the “Scheme”) became effective on December 17, 2021 (the “Scheme Effective Date”). The Scheme was proposed by Luckin Coffee with the support of its Joint Provisional Liquidators,1 in relation to the restructuring of its US$460 million 0.75% Convertible Senior Notes due 2025 (the “Existing Notes”).