BEIJING, June 2, 2022
/PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK)
("Ucommune" or the "Company"), a leading agile office space manager
and provider in China, today
announced that on May 23, 2022, the
Company partnered with Langfang Rongshang Business Management Co.,
Ltd ("Rongshang") to develop a new office space project (the
"Project") in Langfang, Hebei. The
Project is Langfang's first-ever office space with 5G network
coverage, offering integrated solutions for urban residents to
study, work, socialize, and relax. Completion of the Project adds
692 office desks to the Company's capacity and 7,090 square meters
to its managed area.
Situated at the core of a premier residential location
surrounded by densely-populated communities, the Project is well
located to offer flexible working space solutions to local
residents and businesses. The Project's total construction area is
47,600 square meters, with four floors of above-ground parking and
two underground parking floors with 381 parking spaces in total.
Located at the intersection of a number of major roads and within 3
kilometers of several nearby commercial districts, the Project
enjoys convenient transportation links, a thriving commercial
environment, and a wide range of support facilities.
Once complete, the Project is expected to offer its enterprise
members offline and online conference room booking, one-click
maintenance services, and instant delivery services from nearby
convenience stores. Members are empowered by the shared
technological amenities and resources in the move-in ready offices,
providing them with a pleasant working environment and allowing
them to fully focus on their business. Benefiting from the
surrounding commercial area, the Project provides convenient access
to meet the evolving needs of diversified community services such
as catering, entertainment, fitness, children's facilities, home
furnishing, retail, and farmers' markets.
The Company's partner Rongshang is the commercial property
management subsidiary of a domestically-listed company, RiseSun
Real Estate Development Co., Ltd. (SHE: 002146). Leveraging its
parent company's strong capabilities in business planning,
marketing, operation, and promotion, Rongshang has expanded its
footprint nationwide, covering over 25 cities including
Shenyang, Shijiazhuang, Nanjing, and Chengdu.
Dr. Daqing Mao, Founder of
Ucommune, stated, "Our partnership with Rongshang has introduced
our unique shared working space solutions to the community-based
commercial complex. Together, we have designed a high-quality urban
business complex that effectively integrates public facilities,
office spaces, transportation, and residential communities. We are
confident that our latest project will attract more talented
professionals and businesses to the area and help boost local
consumption."
About Ucommune International Ltd.
Ucommune is China's leading
agile office space manager and provider. Founded in 2015, Ucommune
has created a large-scale intelligent agile office ecosystem
covering economically vibrant regions throughout China to empower its members with flexible and
cost-efficient office space solutions. Ucommune's various offline
agile office space services include self-operated models, such as U
Space, U Studio, and U Design, as well as asset-light models, such
as U Brand and U Partner. By utilizing its expertise in the real
estate and retail industries, Ucommune operates its agile office
spaces with high efficiency and engages in the urban transformation
of older and under-utilized buildings to redefine commercial real
estate in China.
Safe Harbor Statements
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 U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "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 inherent 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; its 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 the
recognition and reputation of its brand; 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's agile office space market; changes in
its revenues and certain cost or expense items; the expected growth
of China's agile office space
market; PRC governmental policies and regulations relating to the
Company's business and industry, and general economic and business
conditions in China and globally
and assumptions underlying or related to any of the foregoing.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the SEC. All
information provided in this press release and in the 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 under applicable law.
For investor and media inquiries, please contact:
Ucommune International Ltd.
ir@ucommune.com
ICR, LLC.
Robin Yang
ucommune@icrinc.com
+1 (212) 537-3847
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SOURCE Ucommune International Ltd.
