Ucommune Announces Important Agreement Renewal for Its Company Office environment House Brokerage Solutions

BEIJING, March 10, 2021 /PRNewswire/ — Ucommune Global Ltd. (NASDAQ: British isles) (“Ucommune” or the “Organization”), a primary agile workplace room manager and supplier in China, these days introduced that its wholly owned subsidiary, Beijing Zerone Administration & Consulting Corporation Ltd. (“Zerone”), an business office place management services provider in China, has renewed the essential contract with Zhongwang Group (“Zhongwang Group”) for the provision of corporate business space brokerage products and services. As aspect of Ucommune’s tactic, Zerone is established to enhance its small business transformation toward an asset-light-weight model.

Zerone utilizes Ucommune’s landlord, company, and actual estate company assets to supply a person-halt company business office place brokerage companies. Zerone’s expert services cover place sourcing, structure, and design, as perfectly as other administration companies, like home furniture range, successful and optimization of room format, superior pace web established up, housekeeping, and the set up of intelligent devices and intelligent units. Committed to getting to be the primary actual estate brokerage platform in the company workplace room administration sector, Zerone formally introduced its actual estate brokerage support system in March 2021.

Zerone began its cooperation with Zhongwang Team in 2018. Zhongwang Team is a subsidiary of Hong Kong stated, China Zhongwang Holdings Minimal (HKSE: 1333), an industrial aluminum extrusion item developer and company that is the second greatest in the world and the largest in Asia and China. Zerone provided a wide selection of corporate workspace procurement and implementation services masking workplace place sourcing, architectural design, making development, and administration providers for Zhongwang Team in several metropolitan areas, like Changsha, Shenzhen, Nanjing, and Chongqing. As portion of these companies, Zerone’s real estate consultancy team discovered important style and design and area components suited specifically to the wants of Zhongwang Group’s employees, who are predominately associates of Technology Z. For illustration, in order to help Zhongwang Group’s workers strike a perform-everyday living harmony, Zerone selected an place of work place for Zhongwang Team with simple obtain to public transportation, a rental apartment advanced in just five minutes from the location on foot, a close by basketball stadium, and a finish array of life style and leisure retailers, including restaurants, drycleaners, and hair salons. This place not only decreased the commuting time of Zhongwang Group’s workers, but also improved their high quality of everyday living. As a result of Zerone’s fantastic services offerings and the Firm’s strong brand name recognition, Zhongwang Group decided to renew the agreement with Zerone.

Dr. Daqing Mao, Founder of Ucommune, commented, “As the Chinese government accelerates its implementation of various insurance policies to promote customer demand and develop much more infrastructure, new organization options have emerged, in flip boosting the demand for agile workspaces in tier-1, tier-2 metropolitan areas and further than. In the meantime, the COVID-19 pandemic has prompted Chinese corporates to relocate from centralized workspaces in commercial facilities to decentralized workspaces across the place in buy to accommodate far more flexible function arrangements. This development has continued to fuel the growth in marketplace demand from customers for company office room management solutions. By integrating our expertise and sources in business house sourcing, style, building, and management as well as our other relevant corporate providers with Zerone’s system, we can enable our customers create snug and relaxing office complexes that are constant with their manufacturer image, decrease prices, and boost operational efficiency.”

About Ucommune Global Ltd.&#13

Ucommune is China’s foremost agile workplace room manager and company. Launched in 2015, Ucommune has designed a big-scale clever agile place of work ecosystem covering economically lively areas throughout China to empower its members with versatile and value-productive office environment space solutions. Ucommune’s a variety of offline agile business place solutions include things like self-operated products, this kind of as U Area, U Studio, and U Style and design, as effectively as asset-light styles, these kinds of as U Brand name and U Associate. By making use of its skills in the genuine estate and retail industries, Ucommune operates its agile workplace spaces with large efficiency and engages in the urban transformation of more mature and under-used structures to redefine business actual estate in China.

Safe Harbor Statements 

This announcement contains forward-looking statements inside of the indicating of Segment 21E of the Securities Trade Act of 1934, as amended. These forward-on the lookout statements are made beneath the “protected 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,” “foreseeable future,” “intends,” “options,” “believes,” “estimates,” “prospective,” “continue,” “ongoing,” “targets,” “steerage” and related statements. The Enterprise could also make created or oral ahead-on the lookout statements in its periodic reviews to the U.S. Securities and Exchange Commission (the “SEC”), in its yearly report to shareholders, in push releases and other written components and in oral statements manufactured by its officers, administrators or staff to third events. Any statements that are not historic info, like statements about the Firm’s beliefs and expectations, are forward-wanting statements. Forward-looking statements involve inherent risks and uncertainties. A amount of factors could induce precise benefits to differ materially from these contained in any ahead-searching statement, which include but not limited to the adhering to: the Firm’s advancement strategies its potential business advancement, outcomes of operations and money problem its ability to manage and improve the recognition and status of its brand its skill to keep and improve excellent control procedures and actions improvements in its revenues and selected expense or expenditure objects PRC governmental policies and polices relating to the Company’s field, and standard financial and business disorders globally and in China and assumptions fundamental or associated to any of the foregoing. Further more information concerning these and other pitfalls, uncertainties or factors is integrated in the Firm’s filings with the SEC. All info supplied in this push launch and in the attachments is as of the day of this press launch, and the Enterprise undertakes no obligation to update any ahead-hunting assertion, besides as needed under applicable legislation.

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Ucommune International Ltd.
[email protected]&#13

ICR, LLC.
Sharon Zhou
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+1 (212) 537-3847

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