Luckin Coffee (LKNCY) director details major indirect holdings

Rhea-AI Filing Summary

Luckin Coffee Inc. director Li Hui (David) filed an initial statement of beneficial ownership showing large indirect stakes held through multiple investment entities. This Form 3 does not report any new purchases or sales; it simply lists existing positions.

The filing shows indirect holdings of Class B Ordinary Shares convertible one-for-one into Class A Ordinary Shares, including 136,172,000 shares held by Centurium Investment Limited and 4 shares held by Fortunate Cup Holdings Limited. It also lists Senior Convertible Preferred Shares that are convertible into 158,158,519, 125,486,906 and 11,739,190 Class A Ordinary Shares, respectively, at the reporting person’s option.

Additional indirect positions include Class A Ordinary Shares held by entities such as Camel ZQ Limited, Centurium Capital II Ltd., CCM Prosper L.P., Masterclass Holdings Limited, Camel Zhengkai Limited and Tianyu Ruikong Limited, plus American Depositary Shares held by Camel ZQ Limited and Camel Zhengkai Limited. Each ADS represents eight Class A Ordinary Shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Li Hui (David)

(Last) (First) (Middle)

28TH FL, BUILDING T3, HAIXI JINGU PLAZA

1-3 TAIBEI ROAD, SIMING DISTRICT

(Street)

XIAMEN 361008

(City) (State) (Zip)

CHINA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Luckin Coffee Inc. [ LKNCY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	35,555,998	I	By Camel ZQ Limited(1)
Class A Ordinary Shares	25,384,789	I	By Centurium Capital II Ltd.(1)
Class A Ordinary Shares	5	I	By Camel Zhengkai Limited(1)
Class A Ordinary Shares	32,313,906	I	By CCM Prosper L.P.(1)
Class A Ordinary Shares	32,313,906	I	By Masterclass Holdings Limited(1)
Class A Ordinary Shares	13,848,817	I	By Tianyu Ruikong Limited(1)
American Depositary Shares(4)	2,627,249	I	By Camel ZQ Limited(1)
American Depositary Shares(4)	544,346	I	By Camel Zhengkai Limited(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(2)	(2)	Class A Ordinary Shares	136,172,000(2)	(2)	I	By Centurium Investment Limited(1)
Class B Ordinary Shares	(2)	(2)	Class A Ordinary Shares	4(2)	(2)	I	By Fortunate Cup Holdings Limited(1)
Senior Convertible Preferred Shares	(3)	(3)	Class A Ordinary Shares	158,158,519(3)	(3)	I	By Centurium Capital Partners 2018, L.P.(1)
Senior Convertible Preferred Shares	(3)	(3)	Class A Ordinary Shares	125,486,906(3)	(3)	I	By CCM Lucky, L.P.(1)
Senior Convertible Preferred Shares	(3)	(3)	Class A Ordinary Shares	11,739,190(3)	(3)	I	By CCM CB II, L.P.(1)

Explanation of Responses:

1. The Reporting Person is the sole shareholder and director of Centurium Holdings (BVI) Ltd., which is the sole shareholder of Centurium Holdings Ltd. ("Centurium"). Centurium is the sole shareholder of Centurium Capital II Ltd. and Centurium Investment Limited. Centurium holds interests in the general partners of Centurium Capital Partners II, L.P. (which is the sole shareholder of Masterclass Holdings Limited), Centurium Capital Partners 2018, L.P. (which is the sole shareholder of Fortunate Cup Holdings Limited), CCM Lucky, L.P., CCM CB II, L.P. and CCM Prosper L.P.. The Reporting Person has sole voting and investment discretion with respect to Tianyu Ruikong Limited, and has all voting power in Camel ZQ Limited and Camel Zhengkai Limited through an entity ultimately controlled by him.

2. The Class B Ordinary Shares are convertible into the Issuer's Class A Ordinary Shares on a one-for-one basis at any time at the option of the Reporting Person. The Class B Ordinary Shares have no expiration date.

3. The Senior Convertible Preferred Shares are convertible into that number of Issuer's Class A Ordinary Shares (or an equivalent number of ADSs), at any time at the option of the Reporting Person, determined by dividing (i) the sum of the original issue price plus any declared but unpaid dividends on such Senior Convertible Preferred Shares by (ii) the conversion price in effect at the time of the conversion, which was initially the original issue price of $0.8125, subject to adjustment from time to time.

4. Each American Depositary Share ("ADS") represents eight Class A Ordinary Shares. The ADSs have no expiration date.

	/s/ Hui Li	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Li Hui (David)’s Form 3 for Luckin Coffee (LKNCY) show?

The Form 3 shows Li Hui (David) reporting existing indirect ownership in multiple Luckin Coffee securities. It lists large positions in Class B Ordinary Shares, Senior Convertible Preferred Shares, Class A Ordinary Shares and American Depositary Shares held through various Centurium- and Camel-related entities, without any new trades disclosed.

Did Li Hui (David) buy or sell Luckin Coffee shares in this Form 3?

No, this Form 3 does not show any purchases or sales of Luckin Coffee securities. It is an initial beneficial ownership report, detailing existing indirect holdings across several share classes and American Depositary Shares held through affiliated investment entities and partnerships.

What indirect Class B Ordinary Share holdings are reported for Luckin Coffee (LKNCY)?

The filing reports indirect holdings of Luckin Coffee Class B Ordinary Shares convertible into Class A Ordinary Shares. These include 136,172,000 shares held by Centurium Investment Limited and 4 shares held by Fortunate Cup Holdings Limited, all controlled through entities associated with the reporting person.

How are Luckin Coffee Senior Convertible Preferred Shares described in this Form 3?

The Senior Convertible Preferred Shares are convertible into Luckin Coffee Class A Ordinary Shares or equivalent ADSs. Conversion is at the option of the reporting person, based on dividing the original issue price plus declared but unpaid dividends by a conversion price initially set at $0.8125, subject to adjustment.

What does the filing say about Luckin Coffee American Depositary Shares (ADSs)?

The filing states that each Luckin Coffee American Depositary Share represents eight Class A Ordinary Shares. It reports indirect ADS holdings by Camel ZQ Limited and Camel Zhengkai Limited, highlighting additional exposure to Class A Ordinary Shares through these depositary receipts, which have no expiration date.