BEIJING, June 21, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced executive and board
member changes, effective immediately as follows.
- Mr. Cheong Kwok Mun has resigned
from his positions of Chairman of the Board and Chief Financial
Officer for personal reasons. Mr. Cheong will remain on the Board
as a director.
- Dr. Daqing Mao, founder and
prior board director of the Company, has been appointed to the
position of Chairman of the Board.
- Mr. Siyuan Wang, previously
financial controller of the Company, has been promoted to the
position of Chief Financial Officer.
- Ms. Xin Guan has replaced Mr.
Zhuangkun He as Chief Executive Officer while retaining her
original position of Chief Operating Officer. Mr. He, a co-founder
of Ucommune, will continue to work as an advisor for the Company
with a focus on strategic planning.
- Mr. Zirui Wang, previously the risk officer of risk control
department for the Company, has been appointed to the position of
Chief Risk Officer.
- Mr. Guohang Wang has resigned from the position of Chief
Strategy Officer. Ms. Xin Guan,
Chief Operating Officer and newly appointed Chief Executive
Officer, will assume the responsibility for the work previously
assigned to Mr. Wang in this role.
Mr. Daqing Mao, Chairman of the
Board, commented, "On behalf of the Board, I would like to thank
our board members and executives for their hard work and
contributions over the past several years and welcome our new CEO
and CFO. As we continue to expand our business, we must adapt our
management structure accordingly. This will ensure that our
operational capabilities, strategic planning, and corporate
governance remain in sync with our long-term business goals. We
look forward to working with everyone going forward and remain
confident that these individuals will contribute to an organization
that is greater than the sum of its parts."
The Company's executive profiles are as follows.
Dr. Daqing Mao, Chairman of
Dr. Daqing Mao is the founder of
the Company and has served as its director since December 2020. Since June
2021, Dr. Mao has been serving as the Chairman of the
Company's Board of Directors. Since March
2021, Dr. Mao has also served as a director of UK Wisdom
Limited. The Company owns an 85% equity interest of Ucommune Talent
Limited, the sponsor of UK Wisdom Limited. Prior to founding the
Company, Dr. Mao served as the executive vice president of China
Vanke Co., Ltd. (HKEX: 2202) and the general manager of Beijing
Vanke Company Limited from 2009 to 2015. Prior to that, Dr. Mao
served as the Bohai-Rim region general manager of CapitaLand China
Holdings Pte Ltd (Beijing) from
2002 to 2009, was the chief representative of The Ascott Limited
(Beijing) from 2000 to 2002, was a
resident architect and project manager at Somerset Holding's
Limited from 1996 to 1999, was a senior designer at Nikken Sekkei
International from 1994 to 1996, and was a senior planner at
Thailand's Saha Group from 1993 to
Dr. Mao is also the founder and Chairman of 5Lmeet, a lifestyle
innovation company based in Beijing. Dr. Mao is a Chartered Architect in
China and serves as a visiting
professor in multiple universities and an expert consultant for the
Beijing Municipal People's Government. Dr. Mao received his
bachelor's degree in architecture from Southeast University in 1991
and his Ph.D. degree in management science and engineering from
Tongji University in 2002. He also completed his post-doctoral
program in regional economics at Peking University in 2006.
Ms. Xin Guan, CEO and
Ms. Xin Guan has made a number of
significant contributions to the Company since she began her tenure
as Chief Operating Officer in November
2020. In this role, Ms. Guan has been primarily responsible
for the operation and management of the Company's projects across
the country, defined a standardized rating system for the Company's
product lines, and established a set of standard operating
procedures for China's co-working
Ms. Xin Guan also actively
established and implemented the Company's asset-light business
model (the "Model"). As part of the Model, the asset owner is
responsible for the majority of a project's start-up costs, while
the Company provides the asset owner with low-cost, standardized
building management services and shares in the associated benefits.
By utilizing this Model, the Company increases its flexibility and
scalability to better serve its customers' needs, accelerates its
profitability, and avoids high upfront investment costs.
Ms. Xin Guan has assumed the role
of Chief Executive Officer starting in June
2021. Ms. Xin Guan holds this
position concurrently with her role as Chief Operating Officer.
Before joining the Company, Ms. Xin
Guan was in charge of systematic construction at Taikang
Community from 2014 to 2016. Prior to this role, Ms. Guan served as
vice president for the medium-level brand chain at Plateno Group
from 2012 to 2014. Ms. Guan obtained her bachelor's degree in
mathematics with a dual degree in business administration from
University of Waterloo in 2004.
Mr. Siyuan Wang, CFO
Mr. Siyuan Wang joined the
Company in November 2018 and served
as the Company's financial controller prior to assuming the role of
Chief Financial Officer in June 2021. Since March 2021, Mr. Wang has also served as the Chief
Financial Officer of UK Wisdom Limited. The
Company owns an 85% equity interest of Ucommune Talent
Limited, the sponsor of UK Wisdom Limited. Prior to joining the
Company, Mr. Wang worked in the audit and assurance function at
Deloitte Touche Tohmatsu LLC, Chicago office, from 2012 to 2018. Mr. Wang
has a strong background in accounting and finance and is familiar
with U.S. GAAP and financial reporting. He graduated from the
University of Idaho in 2009 with a
Bachelor of Science in Accounting and Finance, and received a
Master of Science in Accounting from Michigan
State University in 2012. Mr. Wang has been an American
Certified Public Accountant (AICPA) since September 2014.
Mr. Zirui Wang, CRO
Prior to assuming the role of Chief Risk Officer in June 2021, Mr. Zirui Wang served as the Company's
risk officer of Company's risk control department, legal director
and legal manager of the Company's legal department, starting in
July 2016. Mr. Wang received his
master's degree in law from Beijing Normal University in
July 2016 and has maintained a legal
professional qualification certificate since March 2015.
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.