Ucommune International Ltd entered into waiver agreements with institutional investors to correct a prior disclosure error regarding the conversion of Series A Convertible Preferred Shares. The company previously announced that 1,330 Series B Preferred Shares had been issued in an exchange transaction; however, this filing confirms the exchange was void ab initio and no shares were actually exchanged or created. Consequently, the original 1,330 Series A Preferred Shares remain outstanding with their holders. Additionally, the company elected to lower the fixed conversion price of these preferred shares to US$2.59 per Class A ordinary share and set a floor price of US$0.518 per share. Ucommune International Ltd operates in the flexible office space industry.

Ucommune International Ltd entered into an exchange agreement on June 11, 2026, to issue 1,330 Series B convertible preferred shares to a Holder to exchange for 1,330 Series A convertible preferred shares, which were subsequently cancelled. The company adopted a certificate of designations for the new Series B Preferred Shares, which have substantially the same terms as the previous Series A shares. Ucommune International Ltd is a co-working spaces and related service provider in China.