 BEIJING, Sept. 01, 2021 GLOBE NEWSWIRE -- Luckin Coffee Inc. in Provisional Liquidation Luckin Coffee OTC: LKNCY today announced that it has extended a milestone under the Restructuring Support Agreement the RSA1 dated as of March 16, 2021. As previously reported and as further detailed in the RSA, Luckin Coffee expects to implement the restructuring of its US460 million 0.75 Convertible Senior Notes due 2025 the Existing Notes through a scheme of arrangement the Scheme pursuant to section 86 of the Companies Act 2021 Revision of the Cayman Islands the Companies Act. Luckin Coffee, the Joint Provisional Liquidators,2 and the holders of a majority of Luckin Coffees Existing Notes the Majority Noteholders extended the milestone to launch the Scheme the Scheme Launch Milestone from September 1, 2021 to September 22, 2021.3 