BEIJING, Dec. 28, 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 Company has
entered into a cooperation agreement (the "Agreement") with Sanhe
Metro Land Zhiyuan Real Estate Company Limited, a subsidiary of
real estate company Metro Land Corporate Ltd. (Shanghai Stock
Exchange code: 600683) to jointly develop the "Zhuojun-Ucommune"
project (the "Project") in Hebei,
China.
According to the Agreement, the formal cooperation between
Ucommune and Sanhe Metro Land Zhiyuan Real Estate Company Limited
will commence on January 1, 2022 and
last until June 30, 2023. The
41,599-square-meter asset-light project marks the 16th
of Ucommune's projects with a managed area of over
10,000-square-meters.
"Zhuojun-Ucommune" is a smart city project combining leisure,
office, shopping, and lifestyle with a wide range of amenities
including dining, retail, and entertainment. The Project is located
in a science park in northern Yanjiao in Hebei, China. Northern Yanjiao resides within
the Beijing Municipal Administrative Center and accommodates the
headquarters of many state-owned enterprises, high-tech companies,
and emerging technology businesses. "Zhuojun-Ucommune" is well
positioned to accommodate the rising demand for offices,
apartments, and complementary services as the science park in which
the Project is located evolves into northern Yanjiao's CBD. The
Company will leverage its brand value and platform resources to
provide a broad range of managed services to its landlord partner,
including design, decoration, marketing, smart management systems,
community events, and value-added services for tenants.
Mr. Jing Yan, Project Manager of
Metro Land Corporate Ltd. and "Zhuojun-Ucommune", commented, "One
of the main reasons for us partnering with Ucommune to develop the
Project is its strong brand image. By leveraging Ucommune's
prestige in the office industry, we can reduce marketing costs and
accelerate the tenant acquisition process. Our cooperation with
such a prominent brand will allow us to expedite occupancy rate
growth and attract a greater number of premium enterprises as
tenants, adding further value to the Project."
Dr. Daqing Mao, Founder of
Ucommune, stated, "By leveraging our asset-light business model and
our operational capabilities, we are able to add significant value
for our real estate developer partners. The effectiveness of our
business model is evident from the quantity of our mature projects
and the increasing number of real estate developers who are
choosing to work with us. Going forward, we expect to fully utilize
our competitive advantage in operations management, add value to
assets, and deliver mutual benefits and win-win results for
Ucommune and our landlord partners."
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.