Ucommune announces changes of management and members of the board of directors | 2021-06-21 | Press Releases

BEIJING , June 21, 2021 / PRNewswire / – Ucommune International Ltd. (NASDAQ: United Kingdom) (“Ucommune” or the “Company”), a leading manager and provider of agile office space in the China , today announced changes to the executive and board members, effective immediately as follows.

  • Mr. Cheong Kwok Mun resigned from his duties as Chairman of the Board of Directors and Chief Financial Officer for personal reasons. Mr. Cheong will remain on the board as a director.
  • Dr. Daqing Mao , founder and former member of the Board of Directors of the Company, has been appointed Chairman of the Board of Directors.
  • Mr. Siyuan Wang , previously the Company’s financial controller, has been promoted to the position of Chief Financial Officer.
  • M / s. Xin guan replaced Mr. Zhuangkun He as Chief Executive Officer while retaining his original position of Chief Operating Officer. Mr. He, co-founder of Ucommune, will continue to work as an advisor for the Company with an emphasis on strategic planning.
  • Mr. Zirui Wang, previously Risk Manager of the Company’s Risk Control Department, has been appointed to the position of Risk Manager.
  • Mr. Guohang Wang has resigned from his post as chief strategy officer. M / s. Xin guan , newly appointed COO and CEO, will take responsibility for the work previously assigned to Mr. Wang in this role.

Mr. Daqing Mao , Chairman of the Board, said, “On behalf of the Board, I would like to thank the Board members and executives for their hard work and contributions over the past few years and I welcome our new CEO and CFO. As we continue to grow our business, we need to adapt our management structure accordingly. This will ensure that our operational capabilities, strategic planning and corporate governance remain aligned with our long-term business goals. We look forward to working with everyone in the future and remain confident that these individuals will contribute to an organization that is greater than the sum of its parts. ”

The profiles of the directors of the Company are as follows.

Dr. Daqing Mao , President of the council

Dr. Daqing Mao is the founder of the Company and has been its director since december 2020 . Since June 2021 , Dr. Mao was chairman of the board of directors of the company. Since March 2021 , Dr Mao was also a director of UK Wisdom Limited. The Company owns an 85% stake in Ucommune Talent Limited, the sponsor of UK Wisdom Limited. Prior to founding the company, Dr Mao was Executive Vice President of China Vanke Co., Ltd. (HKEX: 2202) and General Manager of Beijing Vanke Company Limited from 2009 to 2015. Prior to that, Dr Mao served as General Manager of Bohai-Rim Region of CapitaLand China Holdings Pte Ltd ( Beijing ) from 2002 to 2009, was the Chief Representative of The Ascott Limited ( Beijing ) from 2000 to 2002, was Resident Architect and Project Manager at Somerset Holding’s Limited from 1996 to 1999, was Senior Designer at Nikken Sekkei International from 1994 to 1996 and Senior Planner at Thailand Saha Group from 1993 to 1994.

Dr Mao is also the Founder and Chairman of 5Lmeet, a lifestyle innovation company based in Beijing . Dr Mao is a licensed architect in China and is a visiting professor at several universities and an expert consultant for the Beijing Municipal People’s Government. Dr Mao received his BA in Architecture from South East University in 1991 and his PhD. Graduated in Management Science and Engineering from Tongji University in 2002. He also completed his post-doctoral program in regional economics at Peking University in 2006.

M / s. Xin guan , CEO and COO

M / s. Xin guan has made a number of significant contributions to the Company since she began her tenure as Chief Operating Officer in november 2020 . In this role, Ms. Guan was primarily responsible for the operation and management of the Company’s projects across the country, defined a standardized rating system for the Company’s product lines and established a set of procedures. operational standard for from China coworking space industry.

M / s. Xin guan has also established and actively implemented the Company’s lean asset business model (the “Model”). Under the model, the asset owner is responsible for the majority of the start-up costs of a project, while the Company provides the asset owner with standardized and low-cost building management services and sharing. the associated benefits. By using this model, the company increases its flexibility and scalability to better meet the needs of its customers, accelerates its profitability and avoids high upfront capital costs.

M / s. Xin guan assumed the role of Chief Executive Officer from June 2021 . M / s. Xin guan holds this position at the same time as his role as Chief Operating Officer. Before joining the Company, Ms. Xin guan was in charge of systematic building at the Taikang community from 2014 to 2016. Prior to this position, Ms. Guan was vice president of mid-level brand chain at Plateno Group from 2012 to 2014. Ms. Guan obtained her bachelor’s degree in mathematics. with a double degree in business administration from University of Waterloo in 2004.

Mr. Siyuan Wang , CFO

Mr. Siyuan Wang joined the Company in november 2018 and served as the Company’s financial controller before assuming the role of Chief Financial Officer in June 2021. Since then March 2021 , Mr. Wang was also CFO of UK Wisdom Limited. The Company owns an 85% stake in Ucommune Talent Limited, the sponsor of UK Wisdom Limited. Prior to joining the Company, Mr. Wang worked in the audit and assurance function at Deloitte Touche Tohmatsu LLC, Chicago office, from 2012 to 2018. Mr. Wang has a solid background in accounting and finance and is familiar with US GAAP and financial reporting. He graduated from the University of Idaho in 2009 with a Bachelor of Science in Accounting and Finance, and obtained a Master of Science in Accounting from University of Michigan in 2012. Mr. Wang has been an American Certified Public Accountant (AICPA) since September 2014 .

Mr. Zirui Wang, CRO

Prior to assuming the role of Chief Risk Officer in June 2021 , Mr. Zirui Wang served as the Company Risk Manager of the Company Risk Control Department, Legal Director and Legal Director of the Company Legal Department, from july 2016 . Mr. Wang obtained his master’s degree in law from Peking Normal University in july 2016 and has held a legal professional qualification certificate since March 2015 .

About Ucommune International Ltd.

The municipality is from China leading manager and supplier of agile office spaces. Founded in 2015, Ucommune has created a large scale smart and agile office ecosystem spanning economically dynamic regions across China to give its members flexible and cost-effective office space solutions. Ucommune’s various offline agile office space services include standalone models, such as U Space, U Studio, and U Design, as well as lightweight asset models, such as U Brand and U Partner. Using its expertise in the real estate and retail sectors, the Ucommune operates its agile office spaces with great efficiency and engages in the urban transformation of old and underused buildings to redefine real estate. commercial in China .

Safe Harbor declarations

This announcement 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 United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “will”, “expect”, “anticipate” “,” Intentions “,” plans “,” belief “,” estimates “,” potential “,” continue “,” in progress “,” goals “,” directions “and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the United States 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. All statements that are not historical facts, including statements about the beliefs and expectations of the Company, 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 growth strategies of the Company; its future business development, operating results and financial condition; its ability to understand the needs of members and to provide products and services to attract and retain members; its ability to maintain and improve 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 from China agile office space market; variations in its income and certain cost or expense items; the expected growth of from China agile office space market; The PRC government policies and regulations relating to the business and industry of the Company, and general economic and business conditions in China and overall and the assumptions underlying or related to all of the above. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company 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 assumes no obligation to update any forward-looking statement, except as required by applicable law.

For investor and media inquiries, please contact:

Ucommune International Ltd.

[email protected]

ICR, LLC.

Robin yang

[email protected]

+1 (212) 537-3847

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SOURCE Ucommune International Ltd.


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