#China #Beijing #shareholder meeting #Ucommune #Nasdaq UK

Ucommune International Ltd Announces Extraordinary General Meeting

Ucommune International Ltd, listed on the Nasdaq under the symbol UK, has officially announced that an extraordinary general meeting of shareholders will take place on February 9, 2026, at 10 AM Beijing time. This meeting, set to occur at the company's headquarters in Chaoyang District, Beijing, will provide a platform for significant corporate decisions and updates affecting the company and its shareholders.

Purpose of the Meeting

The upcoming gathering aims to address key issues outlined by the Board of Directors. Most notably, the agenda will include a proposal to increase and redesignate Ucommune's authorized share capital. Currently established at $600,000 divided into 25 million shares, Ucommune plans to escalate this to a staggering $72 million allocated across 3 billion shares. This adjustment reflects the company's commitment to fostering growth and adaptability within a competitive market.

The specifics of the redesignation involve:
1. Creation of Additional Shares: Newly authorized shares will include approximately 2.97 billion Class A Ordinary Shares, alongside Class B and Series A Preferred Shares. This move is structured to provide the company with the necessary flexibility to accommodate its expansion plans and strategic initiatives.
2. Reverse Share Splits: Ucommune will propose multiple reverse share splits contingent upon the company's stock price dipping below $1.00. This strategy aims to maintain compliance with Nasdaq listing requirements, ensuring that Ucommune remains an attractive option for investors.
- The proposal outlines several scenarios for reverse splits ranging from sixteen-for-one to five-for-one, designed to meet compliance standards effectively.
3. Updated Corporate Governance: The revision of the company’s Memorandum and Articles of Association will be on the agenda to streamline governance and align it more finely with Ucommune's growth trajectory.

Importance for Shareholders

For shareholders, the extraordinary meeting is a crucial opportunity to voice opinions and vote on these pivotal changes that could shape the future of Ucommune. The record date for shareholders entitled to vote is set for January 8, 2026. This timeline allows stakeholders to prepare adequately and engage in the decision-making processes that influence their investments.

About Ucommune

Founded in 2015, Ucommune has rapidly ascended to become a leading agile office space manager in China. The company’s diverse offerings include various self-operated and asset-light business models aimed at providing cost-effective flexible office solutions. Its innovative approach has allowed Ucommune to redefine traditional commercial real estate practices, making it a beacon of modern office space management in China's bustling market.

As Ucommune positions itself for further growth in a post-pandemic environment, its upcoming extraordinary general meeting is a formidable step toward enhancing shareholder value and operational agility. Shareholders are encouraged to participate actively in the meeting to ensure their perspectives and votes contribute meaningfully to Ucommune's strategic planning.

Conclusion

The February 9 meeting is more than a formality; it represents a fundamental reshaping of Ucommune's capital structure amid its ambitious plans for the future. As the company braces for the challenges and opportunities ahead, proactive shareholder engagement will be critical to navigating this pivotal moment in its corporate journey.