Luckin Coffee has approved an expansion of its ongoing share repurchase program, which was originally launched in April 2026.

Under the initial authorisation, the company was permitted to purchase up to US$300 million of its Class A ordinary shares, in the form of American depository shares, over a 12-month period beginning 30 April 2026.

As of 31 August 2026, Luckin had repurchased a total of 71.6 million shares under the program for an aggregate consideration of US$287.2 million — meaning the company had already deployed more than 95 percent of the original authorisation with several months still remaining in the repurchase window, which helps explain the board's decision to expand the program's capacity.

The company's board of directors has now approved an adjustment to the program, raising the total value of shares authorized for repurchase to US$500 million. The additional US$200 million in repurchase authorisation will remain effective through the Term of the Share Repurchase Period.

Share repurchase programs are commonly used by listed companies to return capital to shareholders and can signal that a board believes the company's shares represent good value. Luckin, which operates one of the largest coffee shop networks in China and trades in American depository share form following its 2020 delisting from Nasdaq amid an accounting fraud scandal, has since rebuilt its financial reporting and market position. Watch for future company disclosures on how quickly the enlarged authorisation is executed and whether the board extends or further upsizes the program when the current period ends.

Source: Global Coffee Report