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Ucommune Announces Development of an Asset-light Digital Park Project in Nanchang, Jiangxi

BeijingAnd January 14, 2022 /PRNewswire/ – Ucommune International Ltd. (NASDAQ: UK) (“Ucommune” or “the Company”), a leading agile office space manager and provider in the China, announced today that the Company has signed an agreement (the “Agreement”) with Nanchang Qinghu Industrial Park Management Company to jointly develop the Nanchang Honggutan-Ucommune Project (the “Project”). The project is located in NanchangAnd Jiangxi It has an area of ​​56,990 square metres. According to the agreement, the official cooperation between Ucommune and Nanchang Qinghu Industrial Park Management Company began in December 21, 2021 and continues until December 20 2024.

Ucommune will provide managed services to Honggutan’s digital economy industrial park. By leveraging cutting-edge technologies such as cloud computing, big data, blockchain, artificial intelligence, IoT, and 5G, the company will build a smart digital park with an industrial ecosystem, online infrastructure, end-to-end functions and services, and an intelligent process system. The digital park consists of premium office spaces for medium to large-sized digital companies and incubation spaces for start-ups. The start-up incubation areas contain common offices and meeting rooms for small and medium-sized enterprises, entrepreneur teams, and individuals.

Ucommune will leverage its brand value and platform resources to provide a broad range of managed services to digital park tenants, including design, decoration, marketing, smart management systems, community events, and value-added services. In addition, the company will provide a variety of business services to park tenants. These services will improve the flow and sharing of information throughout the industry chain and include assistance with the business licensing process, accounting, tax and legal issues.

Xueling QiuNanchang Qinghu Industrial Park Management Company, General Manager, commented, “We chose to cooperate with Ucommune to jointly develop the project because we value Ucommune’s rich experience in providing managed services to large digital parks and tenants and accelerating their development.”

Doctor. Daqing MaoThe founder of Ucommune stated, “As the real estate industry matured, the digital park business model has pivoted from capital intensive to managing operations. Ucommune gives precedence to digital park projects and we believe our collaboration with Nanchang Qinghu Industrial Park Management Company will add value to our partners assets and further grow the Ucommune brand “.

About Ucommune International Ltd.

Ucommune is China Leading agile office space manager and provider. Founded in 2015, Ucommune has created a large-scale smart office ecosystem for agile offices covering economically vital areas throughout China To empower its members with flexible and cost-effective office space solutions. Ucommune’s diverse offline office space services include self-powered models, such as U Space, U Studio, and U Design, as well as lightweight asset models, such as U Brand and U Partner. Leveraging its expertise in the real estate and retail industries, Ucommune efficiently manages its agile office space and engages in the urban transformation of old and underutilized buildings to redefine commercial real estate in China.

Safe harbor data

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the US Securities Litigation Reform Act of 1995. Such statements may be identified by terms such as “will,” “expect,” “expect,” “future,” “intend,” plans”, “believes”, “estimates”, “potential”, “communication”, “in progress”, “goals”, “guidelines” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors, or employees to third parties . Any statements that are not historical facts, including statements about the company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the company’s growth strategies; future business development, results of operations and financial condition; Its ability to understand members’ needs and provide products and services to attract and retain members; its ability to maintain and enhance its brand recognition and reputation; Its ability to maintain and improve quality control policies and measures; Its ability to establish and maintain relationships with members and business partners; Trends and competition in China agile office space market; changes in its revenue and certain items of cost or expense; The expected growth of China agile office space market; Government policies and regulations of the People’s Republic of China relating to the company’s business and industry, and general economic and commercial conditions in the People’s Republic of China China and at the global level and the assumptions on which it is based or related to any of the foregoing. More information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. All information in this press release and attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.

For investor and media inquiries, please contact:

Ucommune International Limited.
[email protected]

Robin Yang |
[email protected]
+1 (212) 537-3847

SOURCE Ucommune International Ltd.


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