BEIJING, June 25, 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 Changchun Water Cultural Park Project (the
"Project") achieved a 99.38% occupancy rate as of June, 2021.
The project is located at the Changchun Culture of Water Ecology
Park, which was constructed on the industrial heritage site of the
Changchun Water Treatment Plant. The park was nominated for the
"Best Urban Regeneration Project" award at the 2019 MIPIM Awards,
an internationally-renowned real estate competition. Ucommune's
establishment in this park furthers the Company's asset-light
strategy while promoting Changchun's economic and commercial
Since the Project's launch in July
2019, Changchun Water Cultural Park achieved an occupancy
rate of 92.5% in November, 2019. Over the past two years, the
Project's occupancy rate has consistently remained above 95%.
Ucommune has proven to be a valuable partner for the property
owner, Changchun Jiuyou Ventures Service Ltd. The Company's value
proposition and reputation have attracted additional cooperation
opportunities in the region. The Company is currently in
negotiation for several additional projects, including the
Changchun Satellite Plaza Project and Changchun Shuangchuang Base
With its potent brand influence and operational
expertise, Ucommune fosters an increasingly prosperous
business environment across Changchun City and Jilin province. The Company's asset-light
model serves as an example for how other large-scale industrial
zones can bring a modern workforce to this city. Two years since
its launch, Ucommune's Changchun Water Cultural Park project has
successfully expanded Changchun's
local community. Currently, two other Ucommune Project agreements
have been signed in Changchun.
Yamin Hong, manager of Changchun
Jiuyou Entrepreneurship Service Ltd., commented, "By partnering
with Ucommune, we have found the key to integrating our business
resources and providing value to each participant in the ecosystem.
The Project serves as a reception site for the Chang Chun Ministry
of Industry and Information Technology, Nan Guan District
government, and Nan Guan Technology Bureau. Recognized as a startup
incubator by the Ministry of Industry and Information Technology,
the Project has helped to advance the development of other areas of
business for our Company."
Mao Daqing, founder of Ucommune,
commented, "The Project is part of our commitment to our mission of
providing a new style of work space through urban renewal. The
renovation and reconstruction of the old buildings not only
improves the efficiency and economics of the site but also delivers
additional value and innovation for the work space in Changchun. The Project combines the unique
geographical conditions of the Water Culture Park with standardized
operations to create a green, ecological, and flexible office space
for a truly productive environment."
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
Ucommune International Ltd.
+1 (212) 537-3847
SOURCE Ucommune International Ltd.