BEIJING, Dec. 14,
2023 /PRNewswire/ -- Ucommune International Ltd
(NASDAQ: UK) ("Ucommune" or the "Company"), an office space manager
and provider in China, today
announced that the signing ceremony of strategic cooperation
between Ucommune and New World Development (Wuhan) Limited, the opening ceremony of New
World International Trade • Ucommune II ("New World II") and the
Forum on Optimizing Building Economy and Collaborating for
Breakthrough Development were successfully held at Wuhan New
World International Trade Center on December
13, 2023. The event was jointly organized by Ucommune and
New World Development (Wuhan)
Limited, and the attendees included local government leaders,
representatives from the media, leading banks in China and business partners of Ucommune and
New World Development (Wuhan)
Limited.
Mr. Daqing Mao, the founder and
chairman of Ucommune, noted, "The successful opening of New
World II would not have been possible without the strong support
from Wuhan municipal government,
Jianghan district government and New World Development
(Wuhan) Limited. This project
is the first achievement of the Company's strategic upgrade,
reflecting our determination to seek growth amid stability. The
introduction of this new product aims to meet the changing needs of
customers in the post-pandemic era, ushering in new changes and
growth for the office space industry and other enterprise-level
services. Driven by new products and new content, Ucommune is
actively exploring and developing new resources and consolidating
new businesses in its operating regions for strategic upgrade. I
believe that with the gradual recovery of the local economy in
various places, the office space industry will gradually regain its
vitality."
Product upgrade
With the signing of this cooperative agreement, the two parties
further expand the cooperation area to over 16,000 m2 of New World II on the basis
of the original office project — New World International Trade •
Ucommune. With new premise put into operation, New World II is the
first upgraded office service project of Ucommune after its recent
organizational restructuring and strategic upgrade. Immediately
after it was launched, New World II has ushered in the move-in of
big customers such as Zaihui (Shanghai) Internet Technology Co., Ltd.
The upgraded New World II pays more attention to the privacy and
comfort of the office environment and is committed to creating
high-standard office scenarios for customers of all sizes. As the
manager of office space, Ucommune can provide one-stop customized
services for customers of various sizes to meet their individual
needs. Ucommune is capable of shortening the timeframe for office
delivery significantly, reducing the cost of occupancy for
customers, and ensuring the fast and easy move-in for
customers.
Mr. Zirui Wang, the chief executive officer and chief risk
officer of Ucommune, noted, "Intelligence, digitalization and
new technologies are catalyzing the diversification of office
scenarios and modes. Accurately grasping opportunities and
achieving high-quality chain operation and customer experience is
what Ucommune spares no effort to pursue. We strengthen risk
control, manage budgets carefully and work hard on each
product."
The newly opened office space is located on the 40th floor of
New World International Trade Center, of which the overall design
reflects Ucommune's service philosophy — innovation &
diversity. The space layout is simple and bright, organically
combining private office space, public tea break area, fitness and
entertainment area, business negotiation area and large-scale
conference area. While ensuring that customers can work
independently and efficiently, it creates a positive, lively and
vibrant overall atmosphere. In addition, as the office space
manager, Ucommune can also provide customers with various
full-cycle empowerment services to promote their development.
New World II, as the first diversified office service space
after Ucommune's product upgrade, is also a model for Ucommune's
future business. In the subsequent space operation services, the
Company will focus on meeting the individual needs of various types
of customers, including micro, small, medium and large businesses.
In addition to traditional premise related services such as office,
conference, sports, catering and leisure, the Company will provide
customers with diversified resources and services, including
government consulting services, financial consulting services,
media publicity, marketing services and convenience services, so as
to empower customers in an all-round way and achieve win-win
results with business partners and customers.
Mr. Xiaodong Li, the chief
operating officer of Ucommune, noted, "The new product released
this time is a major adjustment made by Ucommune after it fully
studied the operation data accumulated over the years, which
further improves the quality of space and moderately expands the
coverage of soft services. The positive feedback from customers
also proves it to be a successful upgrade. In the future, as we
build benchmark projects across the country, each project will have
a clear positioning to ensure that it is in line with local
economic development, meets the needs of businesses, and has a
long-lasting vitality."
Backing for product upgrade - organizational structure
optimization
Since the pandemic, Ucommune has paid close attention to
industry trends and has been actively exploring various development
paths to increase the Company's competitiveness. As a Nasdaq-listed
company, Ucommune has rich industry experiences and is capable of
efficiently absorbing sophisticated operation concepts from
overseas and further optimizing them to adapt to local
conditions.
New World II, as the Company's first large-scale project after
product upgrade, shows that the Company's strategic upgrade and
organizational structure optimization have achieved initial
results.
A new flexible and efficient organizational
structure
In addition, the Company has made significant adjustments to its
original organizational structure by breaking the original
multi-level model of centralized management of the original head
office operation center to simplify the hierarchy, fully empower
its employees, adapt to the local market base and customer needs in
each region, and give full play to autonomy and enthusiasm, which
has significantly enhanced the subjective initiative and customer
service awareness of the mid-level and grass-roots operation
personnel. All employees are working more actively and
pragmatically, which helps amplify the regional advantages of
different regions in space operation, business innovation and
product iteration.
In the future, when conditions are ripe, Ucommune will enter
more core business districts of cities. Sticking to its core value
— high standard and high starting point, the Company links
customers with new momentum at home and abroad, and contributes to
the economic development, technological innovation and new
consumption growth in cities where it operates.
About Ucommune International Ltd
Ucommune is an office space manager and provider in China. Founded in 2015, Ucommune has created a
large-scale intelligent office ecosystem covering economically
vibrant regions throughout China
to empower its members with flexible and cost-efficient office
space solutions.
Safe Harbor Statements
This press release 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 office space market;
changes in its revenues and certain cost or expense items; the
expected growth of China's 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
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