Uncommune to Convene Unusual Shareholders Gathering
Ucommune International Ltd (Nasdaq: UK) has announced that it will hold an extraordinary general meeting (EGM) on September 8, 2025, at 10:00 am Beijing time. The meeting will take place at Ucommune's office in Beijing, China, located at No. 2 Dongsihuan North Road, Building 1, 4th Floor, Chaoyang District, Beijing, China.
The primary purpose of the EGM is to propose significant changes to Ucommune's share structure and governance. Key proposals include increasing the voting power of Class B shares from 55 votes per share to 170 votes per share, amending the conversion rights of Class B shares, and adopting the third Amended and Restated Memorandum and Articles of Association.
These proposals aim to concentrate control among Class B shareholders and adjust shareholder rights, potentially impacting the company's overall governance and balance of power between share classes.
If a holder of Class B Ordinary Shares sells to a non-affiliate, or there's a change in beneficial ownership, the shares will not automatically convert. The Meeting also seeks to amend the conversion right of the Company's ordinary shares, allowing transferees to retain Class B rights and privileges indefinitely.
The EGM also aims to approve the adoption of the third Amended and Restated Memorandum and Articles of Association. This adoption will take effect immediately after both the Change of Voting Power and the Amendment of Conversion Right.
The Record Date for shareholder eligibility remains August 11, 2025, Eastern time, as previously announced. This means that shareholders who own Ucommune International Ltd's shares as of this date will be entitled to notice of, and to vote at, the Meeting.
The meeting will be held at 10:00 am Beijing time and 10:00 pm U.S. Eastern time, as previously stated. The U.S. Eastern time equivalent of the meeting is September 7, 2025, at 10:00 pm. The Meeting does not include any adjournments or postponements from the previously announced date of September 8, 2025. Any adjournments or postponements of the Meeting will also be included in the Record Date.
Investors are encouraged to review the detailed proposals and attend the EGM to participate in the decision-making process. The meeting will provide an opportunity for shareholders to understand the proposed changes and have their voices heard in shaping Ucommune International Ltd's future.
Read also:
- Foreign financial aid for German citizens residing abroad persists
- "Germany appears less environmentally friendly compared to Texas, according to Harald Lesch's climate documentary"
- Texas Public Utility Commission issues $216 million loan for NRG's 456-megawatt gas power plant
- Ford Intends to Launch an Economical Electric Pickup for $30,000, featuring a Compact Battery and on a Novel, Universal Chassis
