Lu Zhengyaos voice in the middle of the night: not to cheat investors with concept

category:Finance
 Lu Zhengyaos voice in the middle of the night: not to cheat investors with concept


Personal statement

1. I sincerely apologize to all investors, all employees and customers for the adverse impact of Ruixing coffee incident! Based on the respect for the investigation of the special committee, I have never responded to any medias query on my own about the Ruixing coffee incident, and therefore let my friends who helped me start my business bear many unnecessary charges. At the same time, I solemnly apologize to them and believe that the final investigation can give everyone an objective and fair evaluation.

2. According to the public disclosure of Ruixing coffee, at present, the company has also dealt with relevant responsible persons, reorganized the board of directors, updated the management and actively carried out rectification according to the phased investigation results. However, NASDAQ asked the company to withdraw from the market before the final investigation results, which is unexpected. I am deeply disappointed and regretted.

3. In the past 20 years since I started my business, I have successively participated in the establishment of Shenzhou car rental, Shenzhou special car and Ruixing coffee, all of which are well-known brands in various fields. Through model innovation and technology application, I have provided users with real products and services, and also solved the employment of tens of thousands of employees. I have always been in the front line of industry. My style may be too radical and the enterprise runs too fast, which also leads to many problems. But I do not cheat investors with the concept. I really want to make the enterprise bigger and better and create value for the society! Whenever I see people holding small blue cups in their hands, I feel proud.

4. I firmly believe that the business model and business logic of Ruixing coffee are established, and the annual revenue of Ruixing coffee has continued to grow since its operation. At present, despite the double blow of the epidemic and fraud, thousands of Ruixing stores are still trying to adhere to the operation, tens of thousands of employees are still working diligently, Ruixings product reputation is very good and brand toughness, sincerely ask all sectors of society to give tolerance and support, I thank you here!

5. Since I started my business, almost all of the money I earned has been invested in the real enterprise. The money I got from pledging Ruixing coffee stock has also been used to support the operation and development of its various enterprises. It has not been used for personal squandering or transferring assets. I am willing to accept any investigation. 6. In the past more than one month, I have been in deep pain and self reproach, unable to sleep at night. If the company delisted, the difficulties and pressure will continue to increase, but no matter what, I will try my best to maintain the store operation, try my best to recover the loss of shareholders, so that the brand of Ruixing can go on. Finally, once again sincerely apologize to all sectors of the society for the adverse impact of the incident! Lu Zhengyao May 20, 2020

6. In the past more than one month, I have been in deep pain and self reproach, unable to sleep at night. If the company delisted, the difficulties and pressure will continue to increase, but no matter what, I will try my best to maintain the store operation, try my best to recover the loss of shareholders, so that the brand of Ruixing can go on.

Finally, once again sincerely apologize to all sectors of the society for the adverse impact of the incident!

Lu Zhengyao

May 20, 2020