BEIJING, May 13, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced that the occupancy rate
of He Infinite Space project (the "Project") increased by 14.4% as
of May 2021 compared with
May 2020. He Infinite Space is a
project jointly operated by Ucommune and Beijing Capital Land Ltd.
("Beijing Capital Land.")
Fusing the space with the city to achieve work-life balance,
Ucommune cooperated with Beijing Capital to build a one-stop shared
service space. The Project is the first of its kind, integrating
work, life, leisure and commerce of the Fangshan district in
Beijing. The integrated model for
a shared economy aims to form a community that fosters creativity
in the city, providing better services and creating more value for
entrepreneurs. Having an office just one step away from home makes
the work-life balance theory a reality. The Project has 4,923m² of
office space and capacity for 729 professionals, located just 300
meters away from the subway. Ucommune and Beijing Capital Land have
accumulated a wide range of customer groups and supplier resources
to cooperate on this new operating model in 7 different cities and
18 different communities.
As a leading integrated real estate developer, Beijing Capital
is actively exploring new business cooperation models, to evolve
from a traditional real estate company. Ucommune has been building
a community ecosystem to generate new energy through community
groups. By integrating their collective resources, the two parties
aim to realize an integrated ecosystem for commerce, industry,
incubation and "real estate+". Going forward, the companies plan to
develop an entrepreneurial platform to lead an international
premium lifestyle to empower innovative Chinese enterprises.
Project Director of He Infinite Space, commented, "Ucommune has
proven to be an excellent community and property manager. Since the
start of our cooperation in 2018, we have achieved a very
successful partnership in building a landmark youth community from
the very initial stages of planning and design to the overall
positioning of the community. Many premium enterprises have moved
into the community since the opening of the Project. This
resourceful platform also provides abundant enterprise services and
contributes to the social community of the Project. We believe that
the cooperation with Ucommune has substantial room to grow."
Dr. Daqing Mao, Founder of
Ucommune, commented, "The ultimate goal of a company is to use
innovation to increase convenience for community members, protect
the environment, and conserve resources. This shared philosophy
contributes to our long-term relationship and cooperation with
Beijing Capital Land."
About Beijing Capital Land Ltd.
Beijing Capital Land Ltd. ("BCL") is a leading integrated real
estate developer in China listed
in Hong Kong Stock Exchange (Stock Code: HK2868). Aspiring to be
the most valuable integrated real estate developer in China, BCL focuses on residential development,
outlets complexes, urban core complexes and primary land
development four core business lines, complemented by three
innovative business lines including cultural and creative
industries, high-tech industry property and rental housing. With
its strong backup of state-owned assets, BCL has gained an edge in
the market through efforts made in promoting industrial
coordination, international cooperation, innovation-driven capital
operation and delicacy management. BCL has expanded its business in
more than 30 medium- and large-sized cities across the country and
has well planned its presence in Australia, France and other overseas markets. BCL also
owns a Hong Kong listed company,
Beijing Capital Juda Ltd. (Stock Code: HK1329), which focuses on
the development of outlet complexes and other commercial property
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.
+1 (212) 537-3847
SOURCE Ucommune International Ltd.