Luckin Coffee Announces Upsizing of Share Repurchase Program

Luckin Coffee's board of directors approved an increase to its share repurchase program from US$300 million to US$500 million. As of August 31, 2026, the company had already repurchased 71.6 million Class A ordinary shares (8.9 million ADSs) for US$287.2 million under the original authorization.