BEIJING, Jan. 14, 2022 /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
signed an agreement ("the Agreement") with Nanchang Qinghu
Industrial Park Management Company to jointly develop the Nanchang
Honggutan-Ucommune project (the "Project"). The Project is located
in Nanchang, Jiangxi and has a managed area of 56,990
square meters. According to the Agreement, the formal cooperation
between Ucommune and Nanchang Qinghu Industrial Park Management
Company commenced on December 21,
2021 and lasts until December 20,
2024.
Ucommune will provide managed services for Honggutan Digital
Economy Industrial Park. By leveraging cutting-edge technologies
such as cloud computing, big data, blockchain, artificial
intelligence, IoT, and 5G, the Company will build a smart digital
park with an industrial ecosystem, online infrastructure,
comprehensive functionality and services, and intelligent
operations system. The digital park is comprised of both premium
office spaces for mid- to large-scale digital companies and startup
incubation spaces. Contained within the startup incubation areas
are shared offices and meeting rooms for small- to mid-size
enterprises, entrepreneur teams, and individuals.
Ucommune will leverage its brand value and platform resources to
provide a broad range of managed services to the digital park's
tenants, including design, decoration, marketing, smart management
systems, community events, and value-added services. In addition,
the Company will deliver a variety of business services to the
park's tenants. These services will optimize the flow and sharing
of information throughout the industry chain and include assistance
in the business licensing process, accounting, taxation, and legal
matters.
Xueling Qiu, General Manager of
Nanchang Qinghu Industrial Park Management Company, commented, "We
chose to cooperate with Ucommune to jointly develop the Project
because we value Ucommune's rich experience in providing managed
services to large-scale digital parks. Ucommune's comprehensive
enterprise service system will empower our tenants and accelerate
their development."
Dr. Daqing Mao, Founder of
Ucommune, stated, "As the real estate industry matures, the digital
park business model has pivoted from capital intensity to
operations management. Ucommune is giving precedence to digital
park projects and we believe that our cooperation with Nanchang
Qinghu Industrial Park Management Company will add value to our
partner's assets and further grow Ucommune's brand."
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.