Luckin Coffee Inc. announced the appointment of Ms. Jing An as its Chief Financial Officer, effective August 8, 2022. Ms. An brings more than 17 years of experience in corporate finance and management, with a specialization in technology companies. Ms. An succeeds Mr. Reinout Hendrik Schakel, who has served as the Company's Chief Financial Officer and Chief Strategy Officer since January 2019.

Mr. Schakel will continue to serve as the Company's Chief Strategy Officer. In his role as the Company's Chief Strategy Officer, Mr. Schakel will principally focus on long-term strategic planning and the execution of Luckin Coffee's capital markets strategy. Mr. Schakel will work closely with the senior management team to identify and execute growth opportunities and chart the future course for Luckin Coffee.

Prior to joining Luckin Coffee, Ms. An served as Chief Financial Officer of 58 Daojia Inc. from 2016 to 2022. Prior to joining 58 Daojia Inc., Ms. An worked at ChinaCache International Holdings Ltd. from 2013 to 2016, where her last position was Chief Financial Officer. Ms. An has also held senior corporate finance and management positions, including at Rekoo Media Ltd. from 2010 to 2012, Cooloft Technology Ltd. from 2007 to 2009 and eFriendsNet Entertainment Ltd. from 2003 to 2006.

Ms. An began her professional career at PricewaterhouseCoopers in Beijing in 1998, where her last position was Senior Accountant. Ms. An received a Master of Science degree in management from the Stanford Graduate School of Business in 2010 and a Bachelor's Degree in economics with a major in accounting from Renmin University of China in 1998. Since joining Luckin Coffee in January 2019, Mr. Schakel has served in the dual roles of Chief Financial Officer and Chief Strategy Officer.

Prior to joining Luckin Coffee, Mr. Schakel worked at the corporate and institutional banking division of Standard Chartered Bank as an Executive Director from 2016 to 2018. From 2008 to 2016, Mr. Schakel served successively as an Analyst, Associate and Vice President for the investment banking division of Credit Suisse. From 2006 to 2008, Mr. Schakel worked at PricewaterhouseCoopers in the Advisory division as an analyst.

Mr. Schakel obtained a Master of Business Administration degree from Erasmus University in 2005.