Ucommune Announces Adjournment of Extraordinary General Meeting

BEIJING, Aug. 19, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ:UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that at the extraordinary general meeting of the Company (the "Initial Meeting") held at 10 A.M. on August 19, 2022, Beijing time (10 P.M. on August 18, 2022, U.S. Eastern time), its shareholders approved the adjournment of the Initial Meeting to 10 A.M. on August 24, 2022, Beijing time (10 P.M. on August 23, 2022, U.S. Eastern time)  ("Adjourned Meeting"), to be held in the same office at Floor 8, No.2 Guanghua Road, Chaoyang District, Beijing, China. The purpose of the Initial Meeting and the Adjourned Meeting is the same and is to amend the Company's Amended and Restated Memorandum and Articles of Association currently in effect (the "Current M&A") to change the voting power of the Class B ordinary shares, par value of US$0.002 each, of the Company (the "Class B Ordinary Shares") from fifteen (15) votes for each Class B Ordinary Share to thirty-five (35) votes for each Class B Ordinary Share. Pursuant to the Current M&A, the Company obtained the ordinary resolutions of the holders of Class B Ordinary Shares to approve the proposed variation of rights of Class B Ordinary Shares set forth in the notice of the Meeting on August 2, 2022. The Company has established the close of business on August 2, 2022, 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.