This post was originally published on this site
Three other board directors including Sean Shao were also removed at an extraordinary shareholders meeting in Beijing on Sunday, the report https://bloom.bg/38slTRo said.
Ying Zeng and Jie Yang will be added as independent board directors, the report added.
Luckin Coffee declined to comment.
Luckin stated just days ago that a proposal to remove Lu as chairman of the embattled coffee chain’s board did not get the number of necessary votes from directors to pass.
The China-based coffee chain had earlier in the week wound up an internal probe into fake annual sales of about $300 million, following which several of Luckin’s directors proposed the ousting of Lu.
Lu, who is the controlling shareholder of Luckin, is also the founder of auto-rental firm CAR Inc and Chinese ride-hailing firm Ucar Inc.
During the investigation, Luckin sacked its chief executive and chief operating officers, who had previously held top positions at Lu’s other firms.
