China News Service, April 5th According to the official Weibo news of Ruixing Coffee (Beijing) Co., Ltd., Ruixing Coffee issued an apology statement on the alleged financial fraud, the statement said that the executives and employees involved have been suspended for investigation. It will maintain normal operations and disclose the results of the investigation to the public as soon as possible.

Image source: Official Weibo of Ruixing Coffee (Beijing) Co., Ltd.

According to the statement, Ruixing Coffee extended its most sincere apology to the public for the alleged financial fraud and its extremely bad impact.

The executives and employees involved have been suspended for investigation. The board of Ruixing Coffee has commissioned a special committee composed of independent directors and its appointed third-party independent agency to conduct a comprehensive and thorough investigation. The company will disclose the investigation results to the public as soon as possible and take all necessary remedial measures, without evading all the problems caused by this matter. For any personnel involved, the company will reserve the right to take legal measures, will not cover up, and will not condone.

The company will also deeply reflect on confession and strengthen internal control compliance. At the same time, the company will continue to serve the society, maintain normal operations, and stabilize employee and store business.