Ucommune to Hold Extraordinary General Meeting

BEIJING, Aug. 12, 2025 /PRNewswire/ -- Ucommune International Ltd (Nasdaq: UK) ("we", "Ucommune" or "the Company") today announced that it will hold the extraordinary general meeting of shareholders (the "Meeting") at 10:00 am on September 8, 2025, Beijing time (10:00 pm on September 7, 2025, U.S. Eastern time) at No. 2 Dongsihuan North Road, Building 1, 4th Floor, Chaoyang District, Beijing, China. The Board of Directors of the Company has established the close of business on August 11, 2025, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof.

The purpose of the Meeting is to: (i) change the voting power of the Class B ordinary shares, par value of US$0.024 each, of the Company (the "Class B Ordinary Shares") from fifty-five (55) votes for each Class B Ordinary Share to one hundred and seventy (170) votes for each Class B Ordinary Share (the "Change of Voting Power"); (ii) amend the conversion right of the Company's ordinary shares, that upon any sale, transfer, assignment or disposition of Class B Ordinary Shares by a holder thereof to any person or entity which is not an affiliate of such holder, or upon a change of beneficial ownership of any Class B Ordinary Shares as a result of which any person who is not an affiliate of the registered holders of such ordinary shares becomes a beneficial owner of such ordinary shares, such Class B Ordinary Shares shall not be automatically converted into an equal number of Class A ordinary shares of the Company, and such person or entity shall be entitled to all the rights, preferences, privileges and restrictions of the Class B Ordinary Shares (the "Amendment of Conversion Right"); (iii) approve the adoption of the third Amended and Restated Memorandum and Articles of Association with effect immediately after both the Change of Voting Power and the Amendment of Conversion Right taking effect.