<SEC-DOCUMENT>0001213900-21-041809.txt : 20210812
<SEC-HEADER>0001213900-21-041809.hdr.sgml : 20210812
<ACCEPTANCE-DATETIME>20210812080735
ACCESSION NUMBER:		0001213900-21-041809
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210812
FILED AS OF DATE:		20210812
DATE AS OF CHANGE:		20210812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ucommune International Ltd
		CENTRAL INDEX KEY:			0001821424
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39738
		FILM NUMBER:		211165550

	BUSINESS ADDRESS:	
		STREET 1:		555 MADISON AVENUE, 5TH FLR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		541-740-3346

	MAIL ADDRESS:	
		STREET 1:		555 MADISON AVENUE, 5TH FLR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea145581-6k_ucommuneintern.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For the Month of August 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Commission File Number: 001-39738</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UCOMMUNE INTERNATIONAL LTD </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified in its
charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">Floor 8, Tower D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">No. 2 Guang Hua Road<BR>
Chaoyang District, Beijing</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">People&rsquo;s Republic
of China, 100026</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Address of principal
executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT>&nbsp;&nbsp;&nbsp;Form
40-F <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation ST Rule 101(b)(1): Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation ST Rule 101(b)(7): Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Exhibit</B></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="width: 90%; border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ea145581ex99-1_ucommune.htm">Press Release</A> </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>UCOMMUNE INTERNATIONAL LTD</B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 36%; border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt">/s/ Xin Guan&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Xin Guan <BR>
CEO&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: August 12, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">2</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea145581ex99-1_ucommune.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ucommune Jointly Releases Report on ROI Assessment
of Its Asset-Light Model With CBRE Consulting China</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 20pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">BEIJING, August 12, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) (&ldquo;Ucommune&rdquo; or the &ldquo;Company&rdquo;), a leading agile office space manager and provider
in China, today announced that it has released a report in partnership with CBRE Consulting China (&ldquo;CBRE Consulting&rdquo;) titled
&ldquo;Ucommune Rental Evaluation and Joint Consultancy Services Report&rdquo; (the &ldquo;Report&rdquo;)<SUP>1</SUP>. The Report assesses
financial and operational metrics of Ucommune&rsquo;s asset-light business model, including return on investment (&ldquo;ROI&rdquo;),
occupancy rates, and rental pricing. Based on the findings, the Report concludes that Ucommune&rsquo;s asset-light model enhances its
value proposition for partner landlords, and that Ucommune&rsquo;s excellent asset management capabilities will support the Company&rsquo;s
strategic plan to continue establishing real estate investment trusts (&ldquo;REITs&rdquo;) in the future. The full report is available
on the company&rsquo;s IR website: https://ir.ucommune.com/Webcasts-and-Presentations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Report Highlights:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Ucommune&rsquo;s asset-light model delivers average ROI of over
15%</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">According to the Report, the majority of landlords generate a high
ROI through cooperation with Ucommune. The average ROI for landlords cooperating with Ucommune is 15.4% in Tier-1 and new Tier-1 cities,
and 16.0% in Tier-2 cities in China. Overall, the average ROI for Ucommune&rsquo;s offline agile office space services is 15.7%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Ucommune&rsquo;s project occupancy rate remains
over 83%</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The pandemic outbreak in 2020 impacted enterprises
significantly and thus exacerbated vacancy issues for office buildings. As the economy reopened and recovered from the epidemic, occupancy
rates rebounded from their recent lows. According to CBRE data, the occupancy rate for office buildings during the first quarter of 2021
was 80.8% in Shanghai and 82.5% in Beijing. The average occupancy rate for surveyed Ucommune&rsquo;s projects during the same period was
83.6%. as of the end of 2020. Occupancy rates were between 80%-95% for most of the Company&rsquo;s projects in the same period, including
its Tianyuan Logistics Building Project in Shenzhen, Shenyang Tongfang Building Project, and Changchun Water Cultural Park Project, all
of which achieved occupancy rates of nearly 100%.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Ucommune&rsquo;s unit rental prices are double
the average rental price or more</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">According to the Report, the unit rental price
for the majority of Ucommune&rsquo;s projects is double the average rental price or more. For instance, Ucommune was able to achieve a
rental price of RMB6.97 per square meter per day for its Shenzhen Design Innovation Workshop project, up from the project&rsquo;s original
rental price of just RMB2.00 per square meter per day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By leveraging its strong brand influence, marketing
expertise, operational and design capabilities, and other value-added services, Ucommune&rsquo;s agile office space management enhances
the value of office buildings. Ucommune generates additional revenue for landlords and partners, improves occupancy rates, and generates
higher ROIs. Ucommune&rsquo;s partners benefit from more diverse building formats, new renovations for existing properties, and improved
risk profiles for their investments. Ucommune&rsquo;s comprehensive services and excellent project management skillset showcase its compelling
value proposition for landlords and partners and supports the development of its REIT business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Excellent asset management capabilities enhance
the potential of Ucommune&rsquo;s REITs</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 21, 2021, China&rsquo;s first publicly offered
REITs were officially listed. Once listed, they were oversubscribed, with a subscription size of nearly RMB50 billion. REIT products
enable real estate developers to invest with less personal funding and participate in the asset-light business model. They also allow
asset managers to utilize standard operating procedures in their management process and replicate the asset-light business model. In
addition, REITs diversify and expand investment portfolios, enabling asset owners to increase the proportion of direct financing and
better manage risks.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><IMG SRC="ex99-1_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>According
to the Report, the ability to manage the underlying assets is an important factor in the quality of REITs. Ucommune&rsquo;s track record
showcases its capacity to operate in an economy full of uncertainty. With the Company&rsquo;s strong asset management capabilities, the
issuance of REITs will be central to its growth strategy going forward. Ucommune is committed to creating an integrated and comprehensive
asset management business covering the major facets of the value chain, including investment, financing, management, and exits. The Company
has the opportunity to utilize its asset management advantages to extend its services into the real estate financing business while scaling
up its business through its asset-light business model. As a result of the Company&rsquo;s strong operating capabilities and its asset-light
model, which features flexible and cost-efficient office space solutions, landlords will now have more options to counteract systemic
financial risk.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Ucommune International Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ucommune is China&rsquo;s leading agile office space
manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant
regions throughout China to empower its members with flexible and cost-efficient office space solutions. Ucommune&rsquo;s various offline agile
office space services include self-operated models, such as U Space, U Studio, and U Design, as well as asset-light models, such as U
Brand and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with
high efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Safe Harbor Statements </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This announcement contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under
the &ldquo;safe harbor&rdquo; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified
by terminology such as &ldquo;will,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;future,&rdquo; &ldquo;intends,&rdquo; &ldquo;plans,&rdquo;
&ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;potential,&rdquo; &ldquo;continue,&rdquo; &ldquo;ongoing,&rdquo; &ldquo;targets,&rdquo; &ldquo;guidance&rdquo;
and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities
and Exchange Commission (the &ldquo;SEC&rdquo;), in its annual report to shareholders, in press releases and other written materials and
in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including
statements about the Company&rsquo;s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement,
including but not limited to the following: the Company&rsquo;s growth strategies; its future business development, results of operations and
financial condition; its ability to understand members&rsquo; needs and provide products and services to attract and retain members; its ability
to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and
measures; its ability to establish and maintain relationships with members and business partners; trends and competition in China&rsquo;s agile
office space market; changes in its revenues and certain cost or expense items; the expected growth of China&rsquo;s agile office space market;
PRC governmental policies and regulations relating to the Company&rsquo;s business and industry, and general economic and business conditions
in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks,
uncertainties or factors is included in the Company&rsquo;s filings with the SEC. All information provided in this press release and in the
attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement,
except as required under applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For investor and media inquiries, please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ucommune International Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ir@ucommune.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ICR, LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Robin Yang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ucommune@icrinc.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">+1 (212) 537-3847</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT></TD><TD STYLE="text-align: justify">The selection criteria for the projects included in the report
are 1) being under an asset-light model, 2) being in operation for more than six months and having already reached a stabilized stage,
and 3) being reasonably diversified in terms of geographic distribution and the cities in which the projects are located. All data are
valid as of April 30, 2021.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  D )$# 2(  A$! Q$!_\0
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MTN& VXQQNQCOB@#N**HZ1,)[ .MX;Q [JLY3;O 8@=.#CIN'!QFKU !1110
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-110 4444 %%%% '_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
