1、DisclaimerSnow Lake currently has a long position in Luckin Coffee Inc.stocks(OTC LKNCY).Snow Lake may profit if the trading price of Luckin Coffee Inc.securities goes up and may lose money if the trading price of securities of Luckin Coffee Inc.decreases.Snow Lake may change its views about or its

2、investment positions in Luckin Coffee Inc.at any time,for any reason or no reason.Snow Lake may buy,sell,cover orotherwise change the form or substance of its Luckin Coffee Inc.investment.Snow Lake disclaims any obligation to notify the market of any such changes.The information,analysis and opinion

3、s expressed in this presentation(the“Presentation”)are based on,among other things,publicly available information about LuckinCoffee Inc.,third-party buy-side or sell-side research,our own due diligence,and inferences and deductions through our analysis.Snow Lake does not guarantee in anyway that it

4、 is providing all of the information that may be available.Snow Lake recognizes that there may be non-public information in the possession of Luckin Coffee Inc.or others that could lead Luckin Coffee Inc.or others to disagree with Snow Lakes analyses,conclusions and opinions.The Presentation may inc

5、lude forward-looking statements,estimates,projections and opinions prepared with respect to,among other things,certain legal and regulatoryissues Luckin Coffee Inc.faces and the potential impact of those issues on its future business,financial condition and results of operations,as well as,more gene

6、rally,Luckin Coffee Inc.s anticipated operating performance,access to capital markets,market conditions,assets and liabilities,as well as of those of Luckin Coffee Inc.Suchstatements,estimates,projections and opinions may prove to be substantially inaccurate and are inherently su