Ucommune Announces Key Deal Renewal for Its Company Business Room Brokerage Companies

The MarketWatch Information Section was not involved in the creation of this articles.

BEIJING, March 10, 2021 /PRNewswire by way of COMTEX/ —
BEIJING, March 10, 2021 /PRNewswire/ — Ucommune International Ltd. (NASDAQ: Uk) (“Ucommune” or the “Business”), a leading agile place of work house supervisor and service provider in China, nowadays declared that its wholly owned subsidiary, Beijing Zerone Administration & Consulting Company Ltd. (“Zerone”), an office environment area management products and services service provider in China, has renewed the critical contract with Zhongwang Group (“Zhongwang Team”) for the provision of corporate workplace space brokerage services. As element of Ucommune’s system, Zerone is established to complement its small business transformation in the direction of an asset-light design.

Zerone makes use of Ucommune’s landlord, company, and serious estate company resources to offer you 1-end company office environment place brokerage products and services. Zerone’s companies include house sourcing, style, and building, as nicely as other management services, together with furnishings collection, efficient and optimization of space layout, high pace web set up, housekeeping, and the set up of wise devices and sensible techniques. Fully commited to turning into the top true estate brokerage platform in the corporate business office space management sector, Zerone formally launched its actual estate brokerage provider platform in March 2021.

Zerone started its cooperation with Zhongwang Group in 2018. Zhongwang Group is a subsidiary of Hong Kong shown, China Zhongwang Holdings Limited (HKSE: 1333), an industrial aluminum extrusion product developer and maker that is the second greatest in the environment and the biggest in Asia and China. Zerone delivered a broad array of company workspace procurement and implementation services masking office house sourcing, architectural style and design, building development, and management products and services for Zhongwang Group in a number of metropolitan areas, like Changsha, Shenzhen, Nanjing, and Chongqing. As aspect of these services, Zerone’s serious estate consultancy group recognized critical design and locale variables suited exclusively to the requires of Zhongwang Group’s personnel, who are predominately associates of Generation Z. For case in point, in order to aid Zhongwang Group’s workers strike a work-daily life stability, Zerone chose an business office area for Zhongwang Team with straightforward access to general public transportation, a rental apartment elaborate inside 5 minutes from the site on foot, a nearby basketball stadium, and a full array of way of living and leisure retailers, such as places to eat, drycleaners, and hair salons. This area not only reduced the commuting time of Zhongwang Group’s employees, but also enhanced their top quality of lifestyle. As a end result of Zerone’s outstanding company offerings and the Company’s powerful manufacturer recognition, Zhongwang Team made a decision to renew the contract with Zerone.

Dr. Daqing Mao, Founder of Ucommune, commented, “As the Chinese government accelerates its implementation of numerous guidelines to encourage shopper desire and create a lot more infrastructure, new small business alternatives have emerged, in convert boosting the demand from customers for agile workspaces in tier-1, tier-2 metropolitan areas and beyond. Meanwhile, the COVID-19 pandemic has triggered Chinese corporates to relocate from centralized workspaces in professional centers to decentralized workspaces across the region in purchase to accommodate more versatile do the job arrangements. This craze has continued to fuel the advancement in market desire for company office house administration providers. By integrating our experience and assets in professional house sourcing, design, design, and administration as perfectly as our other similar company products and services with Zerone’s system, we can help our customers make relaxed and calming business office complexes that are reliable with their model image, decrease costs, and improve operational efficiency.”

About Ucommune Worldwide Ltd.

Ucommune is China’s major agile business place supervisor and service provider. Started in 2015, Ucommune has developed a massive-scale clever agile business office ecosystem covering economically vivid areas throughout China to empower its customers with versatile and expense-productive office environment space methods. Ucommune’s different offline agile workplace space companies include self-operated styles, these as U Place, U Studio, and U Design and style, as well as asset-light products, this sort of as U Manufacturer and U Spouse. By using its expertise in the serious estate and retail industries, Ucommune operates its agile business areas with higher efficiency and engages in the city transformation of older and beneath-utilized structures to redefine commercial actual estate in China.

Secure Harbor Statements 

This announcement incorporates forward-wanting statements in the which means of Segment 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements are created below the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These statements can be discovered by terminology these kinds of as “will,” “expects,” “anticipates,” “upcoming,” “intends,” “ideas,” “thinks,” “estimates,” “possible,” “keep on,” “ongoing,” “targets,” “assistance” and related statements. The Enterprise may well also make prepared or oral forward-looking statements in its periodic reports to the U.S. Securities and Trade Commission (the “SEC”), in its yearly report to shareholders, in push releases and other published supplies and in oral statements produced by its officers, directors or workforce to 3rd get-togethers. Any statements that are not historic information, such as statements about the Company’s beliefs and anticipations, are ahead-wanting statements. Forward-on the lookout statements require inherent threats and uncertainties. A variety of components could cause genuine outcomes to vary materially from people contained in any forward-seeking assertion, which include but not minimal to the subsequent: the Firm’s expansion procedures its potential organization progress, results of functions and fiscal ailment its skill to sustain and improve the recognition and standing of its manufacturer its capability to preserve and boost top quality command policies and steps variations in its revenues and certain price or price objects PRC governmental procedures and restrictions relating to the Company’s marketplace, and general financial and company disorders globally and in China and assumptions fundamental or linked to any of the foregoing. Further more information and facts relating to these and other hazards, uncertainties or variables is involved in the Company’s filings with the SEC. All facts furnished in this push launch and in the attachments is as of the date of this push release, and the Company undertakes no obligation to update any forward-seeking statement, except as needed beneath relevant regulation.

For trader and media inquiries, make sure you speak to:

Ucommune Intercontinental Ltd.
[email protected]

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

Perspective initial content material:http://www.prnewswire.com/news-releases/ucommune-announces-critical-agreement-renewal-for-its-corporate-office environment-place-brokerage-expert services-301244576.html

Resource Ucommune Worldwide Ltd.

COMTEX_382456257/2454/2021-03-10T08:30:30

Is there a problem with this push release? Make contact with the source service provider Comtex at [email protected] You can also make contact with MarketWatch Shopper Provider by way of our Buyer Heart.

Copyright (C) 2021 PR Newswire. All rights reserved

The MarketWatch Information Office was not involved in the development of this written content.