BEIJING, Oct. 11,
2022 /PRNewswire/ -- Ucommune International Ltd
(NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office
space manager and provider in China, signed a cooperation agreement with
Zhuhai Gree Real Estate Co., Ltd., a subsidiary of Zhuhai Gree
Group for a coworking project named "Gechuang Zhixing Ucommune"
(the "Project"), located on the 11th floor of Yuhai World Financial
Center in Zhuhai, China. By
repositioning, designing and upgrading the space, Ucommune and
Zhuhai Gree Real Estate Co., Ltd. will leverage their strategic
advantages and resources to jointly create a benchmark project of
coworking.
As per the agreement, the cooperation period will last from
October 1, 2022 to December 31, 2027 with renovation period starting
from October 1, 2022 to December 31, 2022. The facility will begin
operating on January 1, 2023.
"We are pleased to announce the cooperation agreement reached
with Zhuhai Gree Real Estate Co., Ltd.," Dr. Daqing Mao, founder of Ucommune said. "We
believe this Project could be seen as a demonstrated sample for
those working facilities provided to the startups who require agile
industrial linkage."
Strive to Create a Benchmark Project for Coworking
Space
Seated in the core gateway area of the Guangdong-Hong Kong-Macao Greater Bay Area,
the Project is reachable within 5 kilometers to multiple
transportation hubs in the city including Gongbei Port, Hong
Kong-Zhuhai-Macao Bridge, and Jiuzhou Port.
With a construction area of approximately 1,970 square meters,
the Project is expected to become a
landmark in Xiangzhou area combining technological innovation,
financial services, and modern headquarters and corporate offices.
Ucommune believes this Project will
contribute to the high-quality development of Zhuhai's "industry
first" strategy, and become a benchmark coworking space that can
radiate to the Guangdong-Hong
Kong-Macao Greater Bay Area. The Company
plans to build the Project with 5A office building standard
to cater to the various needs of enterprises.
A New Service Model Integrating Industry Capacity and
Coworking Ecosystem
The Project expects to complete the overall upgrade and
refurbishment in the first quarter of 2023, creating a new service
model integrating industry capacity and coworking ecosystem with a
spatially design highlighting the linkage between the
administrative working area and the supply chain facility deployed
for new industries and related enterprises introduced by Zhuhai's
"industry first" strategy. Operational facilities and
communications space will be provided to the enterprises settled in
the Project, including administrative offices, corporate display
billboards, business negotiation area, etc.
By participating in the Project, settled enterprises will have
access to common corporate services such as human resources,
advertising and corporate publicity, legal services, and IT
solution, which in all will lower the enterprise's operational
costs and enable them to grow rapidly in Zhuhai. Upon
implementation, the Project can accommodate more than 60 startups
simultaneously.
Join Hands to Improve the Overall Efficiency of Property
Management
As a subsidiary of Gree Group, Zhuhai Gree Real Estate Co., Ltd.
has developed its strengths in asset operations, property
management, urban services, and park facilities management.
Ucommune and Zhuhai Gree Real Estate Co., Ltd. intend to jointly
build a digital intelligent platform to complete closed-loop of
property management ecosystem from offline to online, connecting
physical community to digital system to improve the overall project
operation efficiency. A café and food court will also be deployed
in this Project, aiming for the simultaneous development of several
business models.
The Project will, in the future, collaborate with the three
major strategic regions of the Guangdong-Hong Kong-Macao Greater Bay Area,
namely Shenzhen Qianhai, Guangzhou Nansha, and Zhuhai Hengqin, and
leverage brand value and digital resources to enable high-standard,
multidimensional, and high-quality operational services.
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 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 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
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SOURCE Ucommune International Ltd