Luckin Coffee Inc.’s activist reporting group has no change in its 22.1% position, which covers 570974031.00 shares. The Success Cup Transactions include a board nomination right for MIC Industrial Investments 4 RSC Ltd, provided it continues holding at least 5% and is not a Defaulting Partner.

Key Highlights

  • MIC Industrial Investments 4 RSC Ltd can nominate one director if it continues holding at least 5% of Luckin Coffee on an as-converted basis.
  • The activist group retains a 22.1% ownership position covering 570,974,031 shares, described as 571.0 million.
  • The convertible amount includes 136,172,000 Class B Ordinary Shares and 295,384,615 Preferred Shares, each convertible into one Class A Ordinary Share.
  • The board nomination right depends on Success Cup Transactions completion, at least 5% as-converted ownership, and MIC Industrial Investments 4 RSC Ltd not being a Defaulting Partner.

Luckin Coffee Inc. (OTC: LKNCY) remains subject to a 22.1% activist ownership position held by Centurium Holdings Ltd. Hui Li, MIC Industrial Investments 4 RSC Ltd and Mubadala Investment Company PJSC. The reported stake is unchanged and covers 570,974,031 shares (571.0 million). The group’s stated purpose includes the Success Cup Transactions and a board nomination right. The ownership position includes both existing Class A Ordinary Shares and securities convertible into that class. Luckin Coffee’s ownership structure also gives the reporting group voting relevance through Class B Ordinary Shares and Preferred Shares that may be converted at the holders’ election.

Activist Stake Breakdown

The convertible amount consists of 136,172,000 Class B Ordinary Shares and 295,384,615 Preferred Shares. Each Class B Ordinary Share and Preferred Share can be converted into one Class A Ordinary Share at the election of the reporting person. Centurium Holdings Ltd. and Hui Li are included among the reporting persons, alongside MIC Industrial Investments 4 RSC Ltd and Mubadala Investment Company PJSC.

Success Cup Transactions Set

Financing is expected through a bank loan. The Centurium reporting persons’ beneficial ownership will not change when the Success Cup Transactions are completed. The transaction therefore leaves the reported 22.1% position unchanged.

Board Right Linked to 5%

Centurium Holdings Ltd. CCM Success Limited and MIC Industrial Investments 4 RSC Ltd entered into an investment agreement on September 5, 2026. The agreement provides MIC Industrial Investments 4 RSC Ltd with the right to nominate one person to Luckin Coffee’s board after the Success Cup Transactions are completed. The right applies while MIC Industrial Investments 4 RSC Ltd continues to hold, directly or indirectly through CCM Success or Success Cup, at least 5% of Luckin Coffee’s total issued and outstanding shares on an as-converted basis. It also depends on MIC Industrial Investments 4 RSC Ltd not being a Defaulting Partner under CCM Success’ organisational documents. The agreement therefore links the board nomination right to both the transaction’s completion and continued ownership conditions.