Ucommune International Ltd. announced that Ms. Xin Guan has tendered her resignation as the chief operating officer for personal reasons not resulting from any disagreement with the Company, its management, board of directors or any committee of the Board, on any matter relating to the Company?s operations, policies or practice. The Board has accepted Ms. Guan?s resignation on November 16, 2023 and appointed her as the general manager of new business development group of the Company, effective from the same date. The Board has also appointed Mr. Xiaodong Li, who currently serves as the general manager of Shanghai Region of the Company, as its chief operating officer, effective from the same date.

Mr. Xiaodong Li has served in multiple positions at Ucommune since 2016, including the director of Central China region and the general manager of Shanghai region. Mr. Li has extensive experience of approximately 20 years in chain business operation and management. Prior to joining us, Mr. Li served as an operations director at Wuhan TSS Catering Management Co.

Ltd. from 2013 to 2016. From 2008 to 2013, Mr. Li served as an operations director at Wuhan Sanming Food Co. Ltd. From 2004 to 2008, Mr. Li served in various positions including a director of regional operations at Huapu Supermarket (Hebei) Co.

Ltd. From 1998 to 2004, Mr. Li served as a business representative at Clipsal (Australia) Electric?s Central China office. Mr. Li graduated from Wuhan University of Technology with the major of architecture in 1998.