#China #Beijing #Extraordinary Meeting #Ucommune #Nasdaq UK

Ucommune Schedules Extraordinary General Meeting

Ucommune International Ltd, recognized under the ticker symbol Nasdaq: UK, has announced an extraordinary general meeting (EGM) for its shareholders, set to take place on November 9, 2026, at 10 AM Beijing time. This meeting is particularly significant as it addresses several key corporate governance issues affecting the company's future.

Meeting Details

The EGM will occur at the Guancheng Building, located at 12 Taiyanggong Middle Road in the Chaoyang District of Beijing. For shareholders in the United States, this translates to a time of 9 PM on November 8, 2026, US Eastern time. Notably, the record date for determining the shareholders eligible to participate in this meeting is set for the close of business on October 8, 2026. This is critical for ensuring that all voting rights are accurately represented at the meeting.

Agenda Highlights

Two main proposals are on the agenda:
1. Reverse Share Split: This proposal suggests a reverse split of the company's shares if the stock price remains below $1.00 for three consecutive trading days. The Board of Directors will choose a consolidation ratio from a predetermined set of options, with the intent to maintain at least 500,000 publicly held shares post-reverse split. This step is essential for improving the company's share price and compliance with Nasdaq requirements, which is crucial for its market presence.
2. Increase in Share Capital: Ucommune plans to increase its share capital immediately following the proposed share consolidation. The authorized capital would see the creation of additional Class A Ordinary Shares, Class B Ordinary Shares, and Series A Preferred Shares. This increase aims to bolster the overall financial strength of the company, enabling more flexibility for future business undertakings.

About Ucommune

Founded in 2015, Ucommune is a leading provider of agile office space in China, dedicated to transforming the commercial real estate landscape. By offering flexible workspace solutions through various models, Ucommune serves a diverse clientele, promoting innovation within economically vibrant regions of the country. With its unique approach towards efficient space management and urban transformation, Ucommune contributes significantly to redefining how office environments are utilized in China.

Future Outlook

The upcoming EGM marks an important juncture in Ucommune's journey, as management aims to navigate the challenges of a competitive market while ensuring compliance with regulatory standards. The shareholder responses to these resolutions will be pivotal in determining the strategic direction of the company moving forward. As the meeting approaches, stakeholders are encouraged to stay informed and participate in the decision-making process to affect their investments positively.

For more detailed information regarding the meeting and its proceedings, shareholders are advised to visit Ucommune’s official website and review the formal meeting notice distributed to all eligible voters. Ensuring a robust participation will not only reflect the trust and confidence of the investors but also strengthen Ucommune's operational foundation as it continues to adapt and thrive in a rapidly changing business environment.