BEIJING, Sept. 17, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced that Besunyen Holdings
Company Limited ("Besunyen"), an investment company engaged in the
manufacture and sale of therapeutic tea products, signed an
agreement (the "Agreement") for space at the Company's landmark
asset-light project in the Beijing Asia Finance Center (the
"Project"). As part of the Agreement, Besunyen will occupy 3,047.6
square meters at the Project for a total of 327 workstations from
July 1, 2021, to December 31, 2023. In addition, the Company will
also furnish its one-stop customized U Design services to Besunyen
under the Agreement to provide the company with a tailored interior
design, enhance its brand image, accelerate its corporate
transformation, and more.
Besunyen decided to partner with the Company based on its
ability to provide Besunyen with a favorable location, high-end
facility offerings, potent brand influence, and a one-stop
corporate service system. By utilizing the Project as its
headquarters, Besunyen has been able to increase its corporate
brand image. Several renowned enterprises have benefited from
occupying space in the Project, with considerable advantages
accruing to the Project's members. As more well-known
organizations, such as Besunyen, recognize the Company's expert
operational capabilities and robust member value proposition, the
Company is increasingly able to grow the Project's occupancy rate
at a faster pace. Meanwhile, as more enterprises move in to the
Project, there is a corresponding fly-wheel and mutual co-branding
effect, which is helping to further promote the Project and attract
more enterprises to occupy space.
By utilizing its self-operated U Design model, the Company has
been able to provide Besunyen with best-in-class interior design
solutions. As part of its interior design process, the Company
developed a simple and consistent style for Besunyen's office
space, combining Besunyen's green logo with tan, white, and green
colors to reflect the company's corporate culture of health and
nature. Ucommune's subsidiary, Guangdong Wanhe Green Technology
Co., Ltd. ("Wanhe Green"), executed the decoration and construction
of the interior design component for Besunyen. By adopting
eco-friendly materials and recycling technology, Wanhe Green
implemented this project strictly in line with the environmental
protection regulations, helping to further reduce carbon emissions
and promote carbon neutrality.
Besunyen's manager commented, "With the rise of the Internet
industry and development of China's domestic health industry, we are
actively improving our R&D capabilities to transform the new
retail sector. Ucommune's intelligent agile office space services
have helped us to enhance our brand image, attract superior talent,
and focus on improving our core competencies. We have been
committed to healthy living over the past 20 years, which is also
in line with Ucommune's commitment to creating eco-friendly office
spaces. We are excited to continue working with Ucommune going
forward as this cooperation will allow both parties to further
advance their goals of promoting health and wellness in
China."
Dr. Daqing Mao, Founder of
Ucommune, commented, "As more and more traditional brands undergo
transformation, they are increasingly interested in partnering with
those companies capable of providing flexible and modern office
space concepts. Besunyen is a well-known and traditional brand that
Chinese people are very familiar with. As part of our agreement, we
plan to help Besunyen further improve its operating efficiency and
accelerate its corporate transformation by providing it with
customized office spaces and facilities as well as our broad range
of corporate services for its sizable workforce. We look forward to
partnering with more enterprises going forward that are aligned
with our values and in search of next-generation office space
solutions."
About Besunyen Holdings Company Limited
Besunyen is a leading provider of therapeutic teas in
China, mainly engaged in the
development, production, sale, and promotion of therapeutic teas.
Besunyen executes its R&D for therapeutic teas, natural Chinese
herbal-based medicine, and tea leaves to provide safe, effective,
price-competitive, and convenient-to-use healthcare products for
those with mild or recurring health problems and for those seeking
the maintenance of healthy bodies and lifestyles. Two of the
best-selling products, named Besunyen Detox Tea and Besunyen
Slimming Tea, account for most of Besunyen's sales revenue. In
2014, both Besunyen Detox Tea and Besunyen Slimming Tea
continuously outperformed in their leadership positions with market
shares of 21.67% and 42.69%, respectively, which helped Besunyen to
maintain its leading position in the market.
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.