Ucommune International Ltd.

04/28/2026 | Press release | Distributed by Public on 04/28/2026 04:46

EXPLANATORY NOTE (Form 6-K)

EXPLANATORY NOTE

As disclosed earlier, on February 9, 2026, Ucommune International Ltd (the "Company") held an extraordinary general meeting and approved, among other things, 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 series of reverse share splits of the Company's authorized share capital. On March 25, 2026, the board of directors of the Company approved a reverse share split of all the Company's issued and unissued shares at an exchange ratio of one (1) share for ten (10) shares ("Reverse Share Split").

The Reverse Share Split will be effective at 5:00 P.M. on April 29, 2026 and the Company's Class A Ordinary Shares will begin trading on the Nasdaq Capital Market ("Nasdaq") on a split-adjusted basis at the opening of market on April 30, 2026.

The Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the trading symbol "UK" but will trade under the following new CUSIP number: G9449A142. The Reverse Share Split will reduce the number of outstanding ordinary shares of the Company from 6,779,498, including 6,660,111Class A ordinary shares and 119,387 Class B ordinary shares, to approximately 677,951 ordinary shares, including approximately 666,012 Class A ordinary shares and 11,939 Class B ordinary shares. Every ten (10) outstanding ordinary shares will be combined into and automatically become one post-Reverse Share Split ordinary share. No fractional shares will be issued in connection with the Reverse Share Split. Instead, the Company will issue one full post-Reverse Share Split share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process.

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Ucommune International Ltd. published this content on April 28, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 28, 2026 at 10:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]