Ucommune International Ltd announced that it has entered into share subscription agreement with Maodq Limited to issue 80,000 newly issued Class B Ordinary Shares at a per share subscription price of $3.00, for an aggregate cash consideration of $240,000 on March 6, 2024. Ordinary shares beneficially owned by Dr. Daqing Mao represent approximately 91.3% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer, based on 635,111 outstanding Class A Ordinary Shares and 119,387 Class B Ordinary Shares outstanding.