Ucommune Announces Essential Deal Renewal for Its Company Workplace Area Brokerage Companies

BEIJING, March 10, 2021 /PRNewswire/ — Ucommune Global Ltd. (NASDAQ: United kingdom) (“Ucommune” or the “Company”), a top agile business office place manager and supplier in China, currently declared that its wholly owned subsidiary, Beijing Zerone Management & Consulting Firm Ltd. (“Zerone”), an office house administration solutions service provider in China, has renewed the key deal with Zhongwang Team (“Zhongwang Group”) for the provision of company office environment place brokerage providers. As aspect of Ucommune’s approach, Zerone is established to enhance its business enterprise transformation to an asset-light-weight product.

Zerone utilizes Ucommune’s landlord, company, and real estate company assets to give a person-end company workplace place brokerage solutions. Zerone’s products and services include area sourcing, style and design, and construction, as well as other administration providers, including home furniture collection, productive and optimization of house format, significant velocity web set up, housekeeping, and the set up of good gadgets and clever techniques. Fully commited to turning out to be the primary authentic estate brokerage system in the corporate place of work house management sector, Zerone formally released its actual estate brokerage service platform in March 2021.

Zerone commenced its cooperation with Zhongwang Team in 2018. Zhongwang Team is a subsidiary of Hong Kong mentioned, China Zhongwang Holdings Limited (HKSE: 1333), an industrial aluminum extrusion product developer and manufacturer that is the second premier in the planet and the biggest in Asia and China. Zerone delivered a wide range of company workspace procurement and implementation expert services masking office room sourcing, architectural design, setting up building, and management expert services for Zhongwang Group in many metropolitan areas, which includes Changsha, Shenzhen, Nanjing, and Chongqing. As portion of these providers, Zerone’s authentic estate consultancy staff determined important style and area things suited exclusively to the wants of Zhongwang Group’s workers, who are predominately members of Technology Z. For example, in buy to assist Zhongwang Group’s staff members strike a work-lifetime balance, Zerone selected an business location for Zhongwang Group with uncomplicated obtain to public transportation, a rental condominium complex in 5 minutes from the site on foot, a close by basketball stadium, and a entire array of life-style and leisure retailers, including dining places, drycleaners, and hair salons. This site not only lessened the commuting time of Zhongwang Group’s staff members, but also improved their high quality of everyday living. As a outcome of Zerone’s great services offerings and the Company’s robust brand recognition, Zhongwang Team decided to renew the agreement with Zerone.

Dr. Daqing Mao, Founder of Ucommune, commented, “As the Chinese govt accelerates its implementation of many insurance policies to encourage customer demand and construct extra infrastructure, new enterprise prospects have emerged, in change boosting the demand from customers for agile workspaces in tier-1, tier-2 towns and over and above. Meanwhile, the COVID-19 pandemic has caused Chinese corporates to relocate from centralized workspaces in industrial facilities to decentralized workspaces throughout the nation in buy to accommodate much more flexible function preparations. This pattern has ongoing to gasoline the growth in marketplace need for company place of work room administration products and services. By integrating our expertise and means in commercial space sourcing, design and style, building, and administration as effectively as our other associated company products and services with Zerone’s system, we can assist our buyers create comfy and comforting place of work complexes that are constant with their brand name impression, lower expenditures, and increase operational efficiency.”

About Ucommune Global Ltd.

Ucommune is China’s main agile business office area manager and company. Established in 2015, Ucommune has made a substantial-scale intelligent agile workplace ecosystem covering economically vibrant regions all through China to empower its members with adaptable and expense-effective business space options. Ucommune’s several offline agile place of work house services incorporate self-operated styles, these kinds of as U House, U Studio, and U Structure, as properly as asset-light-weight styles, this kind of as U Brand and U Spouse. By utilizing its know-how in the authentic estate and retail industries, Ucommune operates its agile office environment spaces with high efficiency and engages in the urban transformation of more mature and under-used buildings to redefine business authentic estate in China.

Safe Harbor Statements

This announcement contains forward-on the lookout statements inside the indicating of Segment 21E of the Securities Exchange Act of 1934, as amended. These ahead-seeking statements are produced beneath the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These statements can be identified by terminology this sort of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and identical statements. The Business may possibly also make published or oral forward-hunting statements in its periodic experiences to the U.S. Securities and Exchange Commission (the “SEC”), in its yearly report to shareholders, in push releases and other written supplies and in oral statements produced by its officers, directors or staff to third get-togethers. Any statements that are not historical points, like statements about the Company’s beliefs and anticipations, are ahead-looking statements. Ahead-searching statements contain inherent challenges and uncertainties. A amount of aspects could bring about actual final results to vary materially from people contained in any forward-hunting statement, such as but not minimal to the pursuing: the Company’s growth approaches its long term business enterprise development, final results of operations and economical condition its capability to sustain and increase the recognition and reputation of its model its ability to manage and boost high-quality regulate policies and measures improvements in its revenues and selected price or cost things PRC governmental procedures and laws relating to the Company’s market, and standard financial and business ailments globally and in China and assumptions fundamental or linked to any of the foregoing. Even further details regarding these and other dangers, uncertainties or variables is involved in the Company’s filings with the SEC. All data furnished in this press launch and in the attachments is as of the day of this press release, and the Enterprise undertakes no obligation to update any forward-wanting statement, except as expected underneath applicable regulation.

For trader and media inquiries, be sure to contact:

Ucommune International Ltd.
[email protected]

ICR, LLC.
Sharon Zhou
[email protected]
+1 (212) 537-3847

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