What's the matter with Rui Xing's explosive use of expired raw materials?

Su Kai (pseudonym) 2065438+joined Ruixing in March 2009, and served as deputy store manager and store manager before and after. He was recently fired because he complained about the internal use of outdated materials.

On May 8th this year, Su Kai bought a cup of "Little Deer with a lot of ingredients" at Ruixing's Yintai Store in Beilun, Ningbo. After drinking, I had diarrhea that night and went to the hospital for treatment the next day. Su Kai suspected that the store used expired materials, so he called Ruixing's customer service phone to complain, and the feedback was that the store did have the problem of expired materials.

Su Kai asked for reimbursement of medical expenses, but Ruixing customer service refused to reimburse medical expenses on the grounds that Su Kai was an internal employee and needed internal solution, and only compensated three beverage coupons. At Su Kai's insistence, Ruixing compensated JD.COM of 200 yuan.

Extended data:

Ruixing fraud storm timeline:

On June 365438+1October 3 1 in 2020, Muddy Water quoted an anonymous source to report shorting Luckin Coffee.

On April 2, Luckin Coffee announced that it had forged a transaction volume of 2.2 billion yuan, which inflated the related costs. On that day, Ruixing plunged sharply before the market, with a drop of 75.57%, and its total market value evaporated by 4.97 billion dollars compared with the previous day.

On the morning of April 5, in response to Luckin Coffee's alleged 2.2 billion yuan false transaction, Lu Zaiwei, chairman of Luckin Coffee, responded by saying, "I personally blame myself. Regardless of the final findings of the independent commission, I will bear my due responsibility. "

On April 7, Beijing time, Luckin Coffee announced the suspension of trading before the US stock market closed on Tuesday.

On May 1 1, Luckin Coffee also announced another decision: to suspend the expansion of "Swiss instant coffee machine" and "Swiss cost-effective" unmanned retail machine. An employee of Ruixing said that the company did not release any emails, but chose to notify the meeting orally.

On may 1 1 day, us eastern time, Luckin Coffee announced that its former third largest institutional shareholder, Captial Research Global Investors (hereinafter referred to as "CRGI"), had cleared all the shares of the company.

/kloc-On the afternoon of May, 9, it was reported that Lu's company, the chairman of Luckin Coffee, had sued and asked the latter to pay compensation for its alleged breach of obligations in an accelerated loan arrangement of $532 million.

On May 19, Reuters reported that Nasdaq informed Luckin Coffee that it was necessary to withdraw from the market, and Luckin Coffee planned to apply for a hearing.