Business
Ucommune Announces Extraordinary General Meeting
Ucommune International Ltd (Nasdaq: UK) ("we", "Ucommune" or "the Company") today announced that it will hold the extraordinary general meeting of shareholders (the "Meeting") at 10 am on February 9, 2026, Beijing time (9 pm on February 8, 2026, U.S. Eastern time) at No. 2 Dongsihuan North Road, Building 1, 4th Floor, Chaoyang District, Beijing, China. The Board of Directors of the Company has established the close of business on January 8, 2026, Eastern time (the "Record Date"), as the record d
About this update from Ucommune International Ltd
[{"type":"text","content":"BEIJING, Jan. 8, 2026 /PRNewswire/ -- Ucommune International Ltd (Nasdaq: UK) ("we", "Ucommune" or "the Company") today announced that it will hold the extraordinary general meeting of shareholders (the "Meeting") at 10 am on February 9, 2026, Beijing time (9 pm on February 8, 2026, U.S. Eastern time) at No. 2 Dongsihuan North Road, Building 1, 4th Floor, Chaoyang District, Beijing, China. The Board of Directors of the Company has established the close of business on January 8, 2026, 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.","length":718,"tagName":"p"},{"type":"text","content":"The purpose of the Meeting is to:","length":33,"tagName":"p"},{"type":"text","content":"(1) increase and redesignate its authorised share capital from US$600,000 divided into 25,000,000 shares comprising (i) 19,980,000 Class A Ordinary Shares par value US$0.024 per share (the "Class A Ordinary Shares"), (ii) 5,000,000 Class B Ordinary Shares, par value US$0.024 per share (the "Class B Ordinary Shares"), and (iii) 20,000 Series A Preferred Shares, par value US$0.024 per share (the "Series A Preferred Shares") to US$72,000,000 divided into 3,000,000,000 shares comprising (i) 2,994,000,000 Class A Ordinary Shares, (ii) 3,000,000 Class B Ordinary Shares, and (iii) 3,000,000 Series A Preferred Shares by (a) creation of 2,972,020,000 authorised but unissued Class A Ordinary Shares; (b) creation of 2,980,000 authorised but unissued Series A Preferred Shares; and (c) redesignation of 2,000,000 authorised but unissued Class B Ordinary Shares into 2,000,000 authorised but unissued Class A Ordinary Shares (the "Increase and Redesignation of Authorised Share Capital");","length":1025,"tagName":"p"},{"type":"text","content":"(2) approve the following reverse share splits: (a) on a date when the closing market price per the Company's Class A Ordinary Share is less than US$1.00, or on such date as any Director or chief executive officer of the Company deems advisable and may determine in his or her absolute discretion, a sixteen-in-one reverse share split (the "First Tranche Scenario 1 Split Ratio") of the Company's authorized ...