BEIJING, March 10, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced that its wholly owned
subsidiary, Beijing Zerone Management & Consulting Company Ltd.
("Zerone"), an office space management services provider in
China, has renewed the key
contract with Zhongwang Group ("Zhongwang Group") for the provision
of corporate office space brokerage services. As part of Ucommune's
strategy, Zerone is set to complement its business transformation
towards an asset-light model.
Zerone utilizes Ucommune's landlord, enterprise, and real estate
agency resources to offer one-stop corporate office space brokerage
services. Zerone's services cover space sourcing, design, and
construction, as well as other management services, including
furniture selection, efficient and optimization of space layout,
high speed internet set up, housekeeping, and the installation of
smart devices and smart systems. Committed to becoming the leading
real estate brokerage platform in the corporate office space
management sector, Zerone officially launched its real estate
brokerage service platform in March
2021.
Zerone began its cooperation with Zhongwang Group in 2018.
Zhongwang Group is a subsidiary of Hong
Kong listed, China Zhongwang Holdings Limited (HKSE: 1333),
an industrial aluminum extrusion product developer and manufacturer
that is the second largest in the world and the largest in
Asia and China. Zerone provided a broad range of
corporate workspace procurement and implementation services
covering office space sourcing, architectural design, building
construction, and management services for Zhongwang Group in
multiple cities, including Changsha, Shenzhen, Nanjing, and Chongqing. As part of these services, Zerone's
real estate consultancy team identified key design and location
factors suited specifically to the needs of Zhongwang Group's
employees, who are predominately members of Generation Z. For
example, in order to help Zhongwang
Group's employees strike a work-life balance, Zerone chose an
office location for Zhongwang Group with easy access to public
transportation, a rental apartment complex within five minutes from
the location on foot, a nearby basketball stadium, and a complete
array of lifestyle and leisure shops, including restaurants,
drycleaners, and hair salons. This location not only reduced the
commuting time of Zhongwang Group's employees, but also improved
their quality of life. As a result of Zerone's excellent service
offerings and the Company's strong brand recognition, Zhongwang
Group decided to renew the contract with Zerone.
Dr. Daqing Mao, Founder of
Ucommune, commented, "As the Chinese government accelerates its
implementation of various policies to stimulate consumer demand and
build more infrastructure, new business opportunities have emerged,
in turn boosting the demand for agile workspaces in tier-1, tier-2
cities and beyond. Meanwhile, the COVID-19 pandemic has caused
Chinese corporates to relocate from centralized workspaces in
commercial centers to decentralized workspaces across the country
in order to accommodate more flexible work arrangements. This trend
has continued to fuel the growth in market demand for corporate
office space management services. By integrating our expertise and
resources in commercial space sourcing, design, construction, and
management as well as our other related corporate services with
Zerone's platform, we can help our customers build comfortable and
relaxing office complexes that are consistent with their brand
image, reduce costs, and improve operational efficiency."
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
maintain and enhance the recognition and reputation of its brand;
its ability to maintain and improve quality control policies and
measures; changes in its revenues and certain cost or expense
items; PRC governmental policies and regulations relating to the
Company's industry, and general economic and business conditions
globally and in China 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.
Sharon Zhou
ucommune@icrinc.com
+1 (212) 537-3847
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SOURCE Ucommune International Ltd.