Ucommune Announces Extraordinary General Meeting Results

BEIJING, Aug. 24, 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 an extraordinary general meeting of the Company held at 10 A.M. on August 24, 2022, Beijing time (10 P.M. on August 23, 2022, U.S. Eastern time), its shareholders approved the amendment of 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. Holders of Class B Ordinary Shares approved such variation of rights of Class B Ordinary Shares on August 2, 2022 pursuant to the Current M&A. As a result, with immediate effect, each Class A ordinary shares, par value of US$0.002 each, of the Company shall be entitled to one (1) vote on all matters subject to vote at general and special meetings of the Company and each Class B Ordinary Share shall be entitled to thirty-five (35) votes on all matters subject to vote at general and special meetings of the Company.