{"id":3132,"date":"2021-11-26T11:30:00","date_gmt":"2021-11-26T11:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3588615_AE88615_0"},"modified":"2021-11-26T11:30:00","modified_gmt":"2021-11-26T11:30:00","slug":"ucommune-international-ltd-announces-unaudited-third-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=3132","title":{"rendered":"Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"dvContent\" readability=\"341.59417862004\">\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Nov. 26, 2021<\/span> \/PRNewswire\/ &#8212; Ucommune International Ltd. (NASDAQ: UK) (&#8220;Ucommune&#8221; or the &#8220;Company&#8221;),&nbsp;a leading agile office space manager and provider in <span class=\"xn-location\">China<\/span>, today announced its unaudited financial results for the third quarter ended <span class=\"xn-chron\">September 30, 2021<\/span>. <\/p>\n<p><b>Third Quarter 2021 Financial Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Net revenues <\/b>were <span class=\"xn-money\">RMB253.5 million<\/span>, representing an increase of 26.8% from the third quarter of 2020. <\/li>\n<li><b>Net loss<\/b> was <span class=\"xn-money\">RMB181.5 million<\/span>, compared with <span class=\"xn-money\">RMB169.3 million<\/span> in the third quarter of 2020. <\/li>\n<li><b>Adjusted net loss<b><sup>[1]<\/sup><\/b>, <\/b>which excluded share-based compensation expense, impairment loss on long-lived assets, change in fair value of warrant liability, impairment loss on long-term investments and loss on disposal of subsidiaries, was <span class=\"xn-money\">RMB60.4 million<\/span>, narrowing by 49.5% year over year from <span class=\"xn-money\">RMB119.8 million<\/span> in the third quarter of 2020. <\/li>\n<li><b>EBITDA loss<b><sup>[2]<\/sup><\/b> <\/b>was <span class=\"xn-money\">RMB161.2 million<\/span>, compared with <span class=\"xn-money\">RMB158.2 million<\/span> in the third quarter of 2020. <\/li>\n<li><b>Adjusted EBITDA loss<b><sup>[3]<\/sup><\/b> <\/b>was <span class=\"xn-money\">RMB40.4 million<\/span>, compared with <span class=\"xn-money\">RMB76.1 million<\/span> in the third quarter of 2020.<\/li>\n<\/ul>\n<p><b>Third Quarter 2021 Operating Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li>As of <span class=\"xn-chron\">September 30, 2021<\/span>, Ucommune had committed to 274 office spaces in 62 cities, including 106 office spaces in tier-1 cities, 66 office spaces in new tier-1 cities and 97 office spaces in cities tier-2 and below, and was providing approximately 758,000 square meters of managed area to 1,170,400 members. Among those, 215 office spaces, or 78.5% of total committed spaces, were in operation. <\/li>\n<li>As of <span class=\"xn-chron\">September 30, 2021<\/span>, Ucommune&#8217;s total number of spaces contracted under the Company&#8217;s asset-light model increased by 56% to 165 spaces located across 54 cities from 106 spaces located across 42 cities as of <span class=\"xn-chron\">September 30, 2020<\/span>. The Company&#8217;s total managed area under contract<sup>[4]<\/sup> for the asset-light model increased by 84% to 502,000 square meters from 273,000 square meters as of <span class=\"xn-chron\">September 30, 2020<\/span>. <\/li>\n<\/ul>\n<div>\n<table id=\"convertedTable9afc\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen1\">\n<tbody readability=\"9.5\">\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[1]<\/sup> For a reconciliation of net loss to adjusted net loss, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table captioned &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"6\">\n<td class=\"prngen4\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[2]<\/sup> For a reconciliation of net loss to EBITDA, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table titled &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[3]<\/sup> For a reconciliation of net loss to adjusted EBITDA, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table titled &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[4]<\/sup> Spaces and managed area under contract include those in operation, under construction, and in preparation for construction.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>Dr. <span class=\"xn-person\">Daqing Mao<\/span>, Founder and Chairman of Ucommune, commented, &#8220;In sync with <span class=\"xn-location\">China&#8217;s<\/span> urbanization trend of focusing more on quality development rather than outward expansion, we continued to penetrate domestic and international markets with our intelligent agile office service ecosystem. During the third quarter, we increased our asset-light model&#8217;s contribution to our business in terms of both total number of spaces contracted and total managed area under contract. By the end of 2021, we expect to have grown the proportion of projects managed under the asset-light model to about 75% from roughly 50% in 2020. Evidence of the progressive development of our asset-light model was shown through several new partnerships during the quarter, as we entered into an agreement in the domestic market to help Besunyen improve its operating efficiency and accelerate its corporate transformation by providing customized office spaces and comprehensive facility services. In addition, we formed a partnership with <span class=\"xn-location\">Australia<\/span>-based Hexa Group to jointly develop the &#8216;Hexa Space-Ucommune&#8217; co-working project in <span class=\"xn-location\">Melbourne<\/span>, adding another international market to our geographic footprint in addition to <span class=\"xn-location\">Hong Kong<\/span> and <span class=\"xn-location\">Singapore<\/span>. Leveraging our expertise in agile workspace management and operations, we plan to capitalize on the emerging market demand for green, smart, and efficient urban development and augment our growth momentum going forward.&#8221;<\/p>\n<p>Ms. <span class=\"xn-person\">Xin Guan<\/span>, Chief Executive Officer of Ucommune, commented, &#8220;As we continued to shift our project mix towards the asset-light business model, we not only expanded our geographic coverage by entering into 2 new cities and adding 11 new office spaces, but also broadened our comprehensive facility service offerings. During the quarter, we acquired an equity interest of 60% in &#8216;Xiao Sushi&#8217;, to officially enter the consumer services sector by integrating its 300,000 self-owned platform members into our operations of nearly 300 chain office spaces and 1.16 million offline members. Utilizing our combined resources, we plan to form a closed-loop ecosystem offering a variety of new products, including working meals, conference event meals, afternoon tea sets, and affordably-priced beverages, as well as for a wide range of sales scenarios, including those for office buildings, office parks, and commercial buildings. Going forward, we will continue to explore new business opportunities that have synergies with our core business to sustain our growth trajectory.&#8221;<\/p>\n<p>Mr. <span class=\"xn-person\">Siyuan Wang<\/span>, Chief Financial Officer of Ucommune, added, &#8220;In the third quarter, we grew our net revenues by 26.8% to <span class=\"xn-money\">RMB253.5 million<\/span> while narrowing our adjusted net loss by 49.5% to <span class=\"xn-money\">RMB60.4 million<\/span> year over year. Despite the revenue recognition impact from our business mix shift, we improved the occupancy rates of our self-operated co-working spaces, increased our advertising and marketing service revenues, and expanded our interior design and construction services as well as our SaaS services. Meanwhile, we continued to simplify our corporate structure, streamline our business processes, optimize our operating efficiency, and reduce our costs&nbsp;and expenses. With a leaner, fitter, and more agile business operation, we are well positioned to seize emerging market opportunities and grow in a healthy manner for the long run.&#8221;<\/p>\n<p><b>Third Quarter 2021 Financial Results<\/b><\/p>\n<p><b>Total net revenues <\/b>increased by 26.8% to <span class=\"xn-money\">RMB253.5<\/span> million&nbsp;in the third quarter of 2021 from <span class=\"xn-money\">RMB199.9 million<\/span> in the third quarter of 2020. Revenues from the asset-light model increased by 275.9% to <span class=\"xn-money\">RMB21.8<\/span> million&nbsp;in the third quarter of 2021 from <span class=\"xn-money\">RMB5.8 million<\/span> in the third quarter of 2020.<\/p>\n<ul type=\"disc\">\n<li><i>Workspace membership<\/i>&nbsp;<i>services<\/i>&nbsp;<i>revenues<\/i> decreased by 8.5% to <span class=\"xn-money\">RMB98.0 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB107.2 million<\/span> in the third quarter of 2020. This decrease was mainly due to the closure of unprofitable spaces in operation and contraction of the Company&#8217;s self-operated coworking space services resulting from the Company&#8217;s transformation to an asset-light model. <\/li>\n<li><i>Marketing and branding services<\/i>&nbsp;<i>revenues<\/i> increased by 23.8% to <span class=\"xn-money\">RMB100.1 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB80.9 million<\/span> in the third quarter of 2020, mainly due to increased demand for advertising and marketing services from certain customers. <\/li>\n<li><i>Other services revenues<\/i> increased by 366.0% to <span class=\"xn-money\">RMB55.3 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB11.9 million<\/span> in the third quarter of 2020, primarily due to increased net revenues from the Company&#8217;s interior design and construction services and its SaaS services.<\/li>\n<\/ul>\n<p><b>Total costs of revenues <\/b>increased by 15.8% to <span class=\"xn-money\">RMB273.1<\/span> million&nbsp;in the third quarter of 2021 from <span class=\"xn-money\">RMB235.8 million<\/span> in the third quarter of 2020. Costs of revenues from the Company&#8217;s asset-light model increased by 427.0% to <span class=\"xn-money\">RMB19<\/span>.5&nbsp;million&nbsp;in the third quarter of 2021&nbsp;from <span class=\"xn-money\">RMB3.7 million<\/span> in the third quarter of 2020, which was primarily in line with the increase in revenues from the Company&#8217;s asset-light model.<\/p>\n<ul type=\"disc\">\n<li><i>Costs of workspace membership<\/i> decreased by 11.4% to <span class=\"xn-money\">RMB129.0 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB145.6 million<\/span> in the third quarter of 2020, mainly due to decreased operational costs related to leases and staff, partly offset by an increase in share-based compensation expense, amounting to <span class=\"xn-money\">RMB9.0 million<\/span>. <\/li>\n<li><i>Costs of marketing and branding services<\/i> increased by 33.2% to <span class=\"xn-money\">RMB95.2 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB71.5 million<\/span> in the third quarter of 2020, mainly due to increased advertising spending, which was in line with the increase in advertising revenue. <\/li>\n<li><i>Costs of other services<\/i> increased by 161.6% to <span class=\"xn-money\">RMB49.0 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB18.7 million<\/span> in the third quarter of 2020, which was in line with the increase in other services revenues.<\/li>\n<\/ul>\n<p><b>General and administrative expenses <\/b>increased by 71.0% to <span class=\"xn-money\">RMB79.7 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB46.6 million<\/span> in the third quarter of 2020, mainly due to an increase in share-based compensation expense of <span class=\"xn-money\">RMB41.2 million<\/span> and professional service fees.<\/p>\n<p><b>Sales and marketing expenses <\/b>increased by 196.4% to <span class=\"xn-money\">RMB17<\/span>.7&nbsp;million in the third quarter of 2021 from <span class=\"xn-money\">RMB6.0 million<\/span> in the third quarter of 2020, mainly due to the increase in share-based compensation expense.<\/p>\n<p><b>EBITDA<\/b>&nbsp;<b>loss<b><sup>[5]<\/sup><\/b><\/b>&nbsp;was <span class=\"xn-money\">RMB161.2 million<\/span> in the third quarter of 2021, compared with <span class=\"xn-money\">RMB158.2 million<\/span> in the third quarter of 2020. <b>Adjusted EBITDA<\/b><b> loss<b><sup>[6]<\/sup><\/b><\/b>&nbsp;narrowed by 47.0% to <span class=\"xn-money\">RMB40.4 million<\/span> in the third quarter of 2021 from <span class=\"xn-money\">RMB76.1 million<\/span> in the third quarter of 2020.&nbsp;<\/p>\n<div>\n<table id=\"convertedTablef4d3\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen1\">\n<tbody readability=\"4.5\">\n<tr readability=\"6\">\n<td class=\"prngen4\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[5]<\/sup> For a reconciliation of net loss to EBITDA, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table titled &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[6]<\/sup> For a reconciliation of net loss to adjusted EBITDA, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table titled &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Impairment loss on long-lived assets <\/b>was <span class=\"xn-money\">RMB74.1 million<\/span> in the third quarter of 2021, compared with nil in the third quarter of 2020, primarily due to the impairment of three substantial prepaid rent from previous periods accrued in the third quarter of 2021 as a result that the carrying value is not expected to be recoverable based on current market conditions.&nbsp;<\/p>\n<p><b>Other income, net <\/b>was <span class=\"xn-money\">RMB0.2 million<\/span> in the third quarter of 2021, compared to other expense, net of <span class=\"xn-money\">RMB32.5 million<\/span> in the third quarter of 2020, primarily due to a disposal loss of long-term assets of unprofitable spaces was recorded during the third quarter of 2020.<\/p>\n<p><b>Net loss <\/b>was&nbsp;RMB181.5 million in the third quarter of 2021, compared with <span class=\"xn-money\">RMB169.3 million<\/span> in the third quarter of 2020.&nbsp; <\/p>\n<p><b>Adjusted net loss<b><sup>[7]<\/sup><\/b><\/b>&nbsp;was <span class=\"xn-money\">RMB60.4 million<\/span> in the third quarter of 2021, compared with <span class=\"xn-money\">RMB119.8 million<\/span> in the third quarter of 2020.<\/p>\n<div>\n<table id=\"convertedTable1b76\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen1\">\n<tbody readability=\"2.5\">\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[7]<\/sup> For a reconciliation of net loss to adjusted net loss, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table captioned &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Basic and diluted net loss per share<\/b>&nbsp;were both <span class=\"xn-money\">RMB2.01<\/span> in the third quarter of 2021, compared with <span class=\"xn-money\">RMB2.50<\/span> in the third quarter of 2020. <\/p>\n<p><b>Basic and diluted adjusted net loss per share<\/b><b><b><sup>[8]<\/sup><\/b><\/b>&nbsp;were both <span class=\"xn-money\">RMB0.58<\/span> in the third quarter of 2021, compared with <span class=\"xn-money\">RMB1.71<\/span> in the third quarter of 2020.<\/p>\n<div>\n<table id=\"convertedTable8ee9\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prngen1\">\n<tbody readability=\"2.5\">\n<tr readability=\"7.5\">\n<td class=\"prngen4\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[8]<\/sup> For a reconciliation of net loss to adjusted net income, see the &#8220;Non-GAAP Financial Measures&#8221; section and the table captioned &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; below.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>Cash, cash equivalents and restricted cash <\/b>were <span class=\"xn-money\">RMB288.7 million<\/span> as of <span class=\"xn-chron\">September 30, 2021<\/span>, compared with <span class=\"xn-money\">RMB400.8 million<\/span> as of&nbsp;December 31, 2020.<\/p>\n<p><b>Business Outlook<\/b><\/p>\n<p>For the fourth quarter of 2021, the Company expects net revenues to be in the range of <span class=\"xn-money\">RMB250 million<\/span> to <span class=\"xn-money\">RMB280 million<\/span>. The forecasts reflect the Company&#8217;s current and preliminary views on the market and its operating conditions, which are subject to change.<\/p>\n<p><b>Recent Developments<\/b><\/p>\n<p>On <span class=\"xn-chron\">July 1, 2021<\/span>, Besunyen Holdings Company Limited, an investment company engaged in the manufacture and sale of therapeutic tea products, agreed to occupy 3,047.6 square meters at the Company&#8217;s landmark asset-light project in the Beijing Asia Finance Center&nbsp;for a total of 327 workstations from <span class=\"xn-chron\">July 1, 2021<\/span>, to <span class=\"xn-chron\">December 31, 2023<\/span>. In addition, the Company will also furnish its one-stop customized U Design services to Besunyen.<\/p>\n<p>In <span class=\"xn-chron\">September 2021<\/span>, the Company&#8217;s wholly owned subsidiary, Beijing Zerone Management &amp; Consulting Company Ltd. (&#8220;Beijing Zerone&#8221;), an office space management services provider in <span class=\"xn-location\">China<\/span>, acquired a 60% equity interest in Beijing Kuanneng Technology Co., Ltd., which owns and operates the Japanese culinary restaurant brand &#8220;Xiao Sushi.&#8221; In October, Beijing Zerone acquired a 60% equity interest in Beijing Jiajia Renhe Intelligent Technology Co., Ltd, a human resources solution platform.<\/p>\n<p>On <span class=\"xn-chron\">October 1, 2021<\/span>, the Company started a five-year cooperation with Hexa Group, an Australian property developer, to jointly develop the&nbsp;&#8220;Hexa Space-Ucommune&#8221; co-working project located in <span class=\"xn-location\">Melbourne, Australia<\/span>.<\/p>\n<p><b>About Ucommune International Ltd.<\/b><\/p>\n<p>Ucommune is <span class=\"xn-location\">China&#8217;s<\/span> leading agile office space manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant regions throughout <span class=\"xn-location\">China<\/span> to empower its members with flexible and cost-efficient office space solutions. Ucommune&#8217;s various offline agile office space services include self-operated models, such as U Space, U Studio, and U Design, as well as asset-light models, such as U Brand and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with high efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in <span class=\"xn-location\">China<\/span>.<\/p>\n<p><b>Exchange Rate Information<\/b><\/p>\n<p>This announcement contains translations of certain RMB amounts into U.S. dollars (&#8220;US$&#8221;) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of <span class=\"xn-money\">RMB6<\/span>.4434&nbsp;to <span class=\"xn-money\">US$1.00<\/span>, the exchange rate on <span class=\"xn-chron\">September 30, 2021<\/span>, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be at any particular rate or at all.<\/p>\n<p><b>Statement Regarding Preliminary Unaudited Financial Information <\/b><\/p>\n<p>The unaudited financial information&nbsp;set out in this earnings release is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company&#8217;s year-end audit, which could result in significant differences from this preliminary unaudited financial information.<\/p>\n<p><b>Safe Harbor Statements&nbsp; <\/b><\/p>\n<p>This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking&nbsp;statements are made under the &#8220;safe harbor&#8221; provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;ongoing,&#8221; &#8220;targets,&#8221; &#8220;guidance&#8221; and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;), in its annual report to shareholders, in press releases, and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company&#8217;s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company&#8217;s growth strategies; its future business development, results of operations and financial condition; its ability to understand members&#8217; needs and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with members and business partners; trends and competition in <span class=\"xn-location\">China&#8217;s<\/span> agile office space market; changes in its revenues and certain cost or expense items; the expected growth of <span class=\"xn-location\">China&#8217;s<\/span> agile office space market; PRC governmental policies and regulations relating to the Company&#8217;s business and industry, and general economic and business conditions in <span class=\"xn-location\">China<\/span> and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties, or factors is included in the Company&#8217;s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n<p><b>Non-GAAP Financial Measures<\/b><\/p>\n<p>To supplement the&nbsp;Company&#8217;s consolidated financial statements, which are prepared and presented in accordance with U.S. GAAP, Ucommune uses the following non-GAAP financial measures for Ucommune&#8217;s consolidated results: EBITDA, adjusted EBITDA and adjusted net loss. The Company believes that EBITDA, adjusted EBITDA and adjusted net loss help understand and evaluate the Company&#8217;s core operating performance.<\/p>\n<p>EBITDA, adjusted&nbsp;EBITDA and adjusted net loss are presented to enhance investors&#8217; overall understanding of the Company&#8217;s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measure to its most directly comparable GAAP financial measures. As EBITDA, adjusted EBITDA and adjusted net loss have material limitations as analytical metrics and may not be calculated in the same manner by all companies, they may not be comparable to other similarly titled measures used by other companies. <\/p>\n<p>In light of the foregoing limitations, you should not consider EBITDA, adjusted EBITDA and adjusted net loss as substitutes for, or superior to, net loss prepared in accordance with GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on any single financial measure. For more information on these non-GAAP financial measures, please see the table captioned &#8220;Ucommune International Ltd. Reconciliation of GAAP and Non-GAAP Results&#8221; near the end of this release.<\/p>\n<p>EBITDA represents net loss before interest expense, net, provision for income taxes, depreciation of property and equipment and amortization of intangible assets.<\/p>\n<p>Adjusted EBITDA represents net loss before (i) interest expense, net, other (expense)\/income, net, provision for income taxes and loss on disposal of subsidiaries and (ii)&nbsp;certain non-cash expenses, consisting of&nbsp;share-based compensation expense, impairment loss on long-lived assets, impairment loss on long-term investments, depreciation of property and equipment,&nbsp; amortization of intangible assets and change in fair value of warrant liability, which we do not believe are reflective of the Company&#8217;s core operating performance during the periods presented.<\/p>\n<p>Adjusted net loss represents net loss before share-based compensation expense, impairment loss on long-lived assets, impairment loss on long-term investments, change in fair value of warrant liability and loss on disposal of subsidiaries.<\/p>\n<p><b>For investor and media inquiries, please contact:<\/b><\/p>\n<p>Ucommune International Ltd.<br \/><a target=\"_blank\" href=\"mailto:ir@ucommune.com\" rel=\"nofollow noopener\">ir@ucommune.com<\/a> <\/p>\n<p>ICR, LLC.<br \/><span class=\"xn-person\">Robin Yang<\/span><br \/><a target=\"_blank\" href=\"mailto:ucommune@icrinc.com\" rel=\"nofollow noopener\">ucommune@icrinc.com<\/a> <br \/>+1 (212) 537-3847<\/p>\n<p><b>FINANCIAL STATEMENTS<\/b><\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"12.5\">\n<tr readability=\"3\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UCOMMUNE INTERNATIONAL LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Amounts in thousands of RMB and USD, except for number of shares)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>As of December <br \/>31, 2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>As of September 30, 2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current assets:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Cash and cash equivalents <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">348,064<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">236,914<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">36,768<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,199<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">51,742<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,030<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Term deposits <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">47,710<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,760<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">739<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Short-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,900<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,905<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">916<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts receivable, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">125,359<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">139,045<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">21,579<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Prepaid expenses and other current assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">163,401<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149,146<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23,149<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due from related parties, current <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">24,504<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,527<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,496<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current assets <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>767,137<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>610,039<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>94,677<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-current assets:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Restricted cash<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">527<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Long-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,051<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,831<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,543<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Property and equipment, net <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">350,980<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">262,022<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">40,665<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Right-of-use assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">879,348<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">733,485<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">113,835<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Intangible assets, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">28,420<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,129<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,141<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Goodwill&nbsp; <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,533,485<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,547,535<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">240,174<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Rental deposit<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">61,170<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,883<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,207<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Long-term prepaid expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">113,271<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">72,135<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,195<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Amounts due from related parties, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">297<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">77<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Other assets, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">194,444<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">194,444<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,177<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total non-current assets<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,170,993<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,918,962<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>453,014<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TOTAL ASSETS<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,938,130<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>3,529,001<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>547,691<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"40\">\n<tr readability=\"3\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UCOMMUNE INTERNATIONAL LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS<\/b> <b>&#8211; continued<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Amounts in thousands of RMB and USD, except for number of shares)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnmr8\"><span class=\"prnews_span\"><b>As of December <br \/>31, 2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnmr8\"><span class=\"prnews_span\"><b>As of September 30, 2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr8\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr8\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnmr8\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Current liabilities:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Short-term borrowings <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49,457<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">71,566<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,107<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Long-term borrowings, current portion <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,618<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,432<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,240<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Note payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,105<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accounts payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">272,299<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">223,978<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">34,761<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Accrued expenses and other current liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">263,997<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">214,238<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,249<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Amounts due to related parties, current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">92,737<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">30,357<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,711<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Advance workspace membership fee<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">53,667<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">60,077<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,324<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Contract liabilities<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14,833<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,209<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,584<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Income taxes payable<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,366<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">958<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">149<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred subsidy income <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,562<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,366<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,298<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Share-based liability, current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,578<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">555<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Lease liabilities, current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">365,049<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">329,550<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">51,145<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,138,690<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>967,309<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>150,123<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Non-current liabilities:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Long-term borrowings <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,242<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,842<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">441<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Refundable deposits from members, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,477<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">23,310<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,618<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Deferred tax liabilities <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,543<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,140<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">177<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Share-based liability, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,254<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">350<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Lease liabilities, non-current<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">580,562<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">448,049<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">69,536<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml10\"><span class=\"prnews_span\">Warrant liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16,372<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,541<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total non-current liabilities<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>613,824<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>493,967<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>76,663<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>TOTAL LIABILITIES<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,752,514<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,461,276<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>226,786<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>SHAREHOLDERS&#8217; EQUITY<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"25.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Class A ordinary shares (400,000,000 and 400,000,000 authorized, <br \/>70,999,436 and 75,937,707 issued and outstanding as of December <br \/>31, 2020 and September 30, 2021, with par value of US$0.0001 and <br \/>US$0.0001, respectively)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">49<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"25.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"20\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Class B ordinary shares (100,000,000 and 100,000,000 authorized, <br \/>9,452,407 and 9,452,407 issued and outstanding as of December 31, <br \/>2020 and September 30, 2021, with par value of US$0.0001 and <br \/>US$0.0001, respectively)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Additional paid-in capital <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,230,656<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,563,595<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">708,259<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Statutory reserves<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,065<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5,065<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">786<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated deficit <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,240,205)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,708,643)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(420,375)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Accumulated other comprehensive income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,742<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,351<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">675<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Ucommune International Ltd. <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;&nbsp;&nbsp; shareholders&#8217; equity<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2,000,313<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1,864,428<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>289,354<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Noncontrolling interests <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">185,303<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">203,297<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31,551<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">TOTAL EQUITY<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,185,616<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,067,725<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">320,905<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">TOTAL LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,938,130<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,529,001<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">547,691<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"24\">\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UCOMMUNE INTERNATIONAL LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Amounts in thousands of RMB and USD, except for number of shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Three Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Nine Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Revenue:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Workspace membership revenue&nbsp; <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">107,158<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">98,040<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,216<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">346,162<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">283,119<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,939<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Marketing and branding service revenue <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">80,877<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">100,120<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15,538<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">207,357<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">338,812<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">52,583<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Other service revenue<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,874<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">55,332<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,587<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">44,957<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">132,596<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">20,579<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total revenue&nbsp; <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>199,909<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>253,492<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>39,341<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>598,476<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>754,527<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>117,101<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cost of revenue:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Workspace membership <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(145,617)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(128,961)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(20,014)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(446,526)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(373,778)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(58,009)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Marketing and branding service <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(71,465)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(95,157)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(14,768)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(189,077)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(323,423)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(50,194)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Other services&nbsp; <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(18,726)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(48,994)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7,604)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(47,222)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(106,021)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(16,454)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total cost of revenue <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(235,808)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(273,112)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(42,386)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(682,825)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(803,222)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(124,657)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Operating expenses:<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Impairment loss on long-lived assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(74,147)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,507)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(33,457)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(83,889)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13,019)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Sales and marketing expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5,975)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(17,722)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,750)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,853)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(45,863)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(7,118)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">General and administrative expenses<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(46,602)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(79,689)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,368)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(87,220)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(307,581)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(47,736)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnml8\"><span class=\"prnews_span\">Change in fair value of warrant liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">22,082<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,427<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,901<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">295<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss from operations<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(88,476)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(169,096)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(26,243)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(227,879)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(484,127)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(75,134)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,644)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,389)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(216)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(10,729)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,053)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(319)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Subsidy income<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,128<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,988<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">309<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,706<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,611<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">716<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment loss on long-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,507)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,507)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(461)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(46,050)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,829)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,991)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(43,032)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13,779)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,138)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other (expense)\/income, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(32,529)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">200<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">31<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(84,176)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32,055<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">4,975<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Loss before income taxes and loss from equity <\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;&nbsp;&nbsp; method investments<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(168,078)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(181,126)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(28,110)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(356,617)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(463,754)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(71,972)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for income taxes<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,245)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(366)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(57)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2,330)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,448)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(225)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Gain\/(loss) from equity method investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">144<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(27)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss&nbsp; <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(169,323)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(181,492)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(28,167)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(358,803)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(465,229)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(72,201)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Net (loss)\/income attributable to noncontrolling <br \/>&nbsp;&nbsp; interests <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,272)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,176)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,734)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15,497)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,209<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen16\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss attributable to Ucommune International <br \/>&nbsp;&nbsp; Ltd.<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(157,051)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(170,316)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(26,433)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(343,306)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(468,438)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(72,699)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss per share attributable to ordinary shareholders <br \/>&nbsp;&nbsp; of Ucommune International Ltd.<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211; Basic <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.50)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.01)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.31)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.47)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.52)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.86)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211; Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.50)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(2.01)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.31)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.47)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(5.52)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(0.86)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Weighted average shares used in calculating net loss <br \/>&nbsp;&nbsp; per share<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211; Basic <\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,811,339<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,811,269<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,811,339<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,811,269<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211; Diluted<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,811,339<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,811,269<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,811,339<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,811,269<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"11\">\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UCOMMUNE INTERNATIONAL LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Amounts in thousands of RMB and USD, except for number of shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<\/tr>\n<tr readability=\"6\">\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Three Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Nine Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen14\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net loss<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(169,323)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(181,492)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28,167)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(358,803)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(465,229)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72,201)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other comprehensive loss, net of tax<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Foreign currency translation adjustments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(13)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,642<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">255<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,039<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(391)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(61)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Total Comprehensive loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(169,336)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(179,850)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(27,912)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(357,764)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(465,620)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(72,262)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Less: Comprehensive (loss)\/income attributable to <br \/>&nbsp;&nbsp; noncontrolling interest<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(12,282)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(11,176)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,734)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(15,496)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,209<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">498<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Comprehensive loss attributable to Ucommune <br \/>&nbsp;&nbsp; International Ltd.&#8217;s shareholders<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(157,054)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(168,674)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(26,178)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(342,268)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(468,829)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(72,760)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt1 prnsbr1 prnsbb1 prnsbl1\">\n<tbody readability=\"28\">\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>UCOMMUNE INTERNATIONAL LTD.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RECONCILIATION OF GAAP AND NON-GAAP RESULTS<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen5\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(Amounts in thousands of RMB and USD, except for number of shares and per share data)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The following table sets forth a reconciliation of net loss to EBITDA and adjusted EBITDA for the periods indicated:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"7.5\">\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\" readability=\"6\">\n<p class=\"prngen21\"><span class=\"prnews_span\"><b>For the Three Months<br \/><\/b><b>&nbsp;Ended September 30,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Nine Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30<\/b><b>,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(169,323)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(181,492)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28,167)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(358,803)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(465,229)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72,201)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Interest expense, net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,644<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,389<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">216<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">10,729<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,053<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">319<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Provision for income taxes<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,245<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">366<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">57<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,330<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,448<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">225<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Depreciation of property and equipment <br \/>&nbsp;&nbsp; and amortization of intangible assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">6,220<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">18,496<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,871<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">35,916<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">62,278<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">9,666<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>EBITDA (non-GAAP)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(158,214)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(161,241)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(25,023)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(309,828)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(399,450)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(61,991)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,167<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,717<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">239,984<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,245<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment loss on long-lived assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74,147<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,457<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">83,889<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,019<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Change in fair value of warrant liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,082)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,427)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,901)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(295)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment loss on long-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">461<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">72<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,050<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,829<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,991<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,032<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,779<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,138<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Other expense\/(income), net<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">32,529<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(200)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(31)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">84,176<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(32,055)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(4,975)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted EBITDA (non-GAAP)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(76,128)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(40,380)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(6,266)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(145,656)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(95,293)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(14,787)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"4.5\">\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen9\" readability=\"6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">The table below sets forth a reconciliation of net loss to adjusted net loss for the periods indicated:<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\" nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"7.5\">\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\" readability=\"6\">\n<p class=\"prngen21\"><span class=\"prnews_span\"><b>For the Three Months <br \/><\/b><b>Ended September 30<\/b><b>,<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td colspan=\"5\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>For the Nine Months<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>&nbsp;Ended September 30<\/b><b>,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2020<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2021<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>RMB<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen13\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>USD<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Net loss<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(169,323)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(181,492)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(28,167)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(358,803)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(465,229)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(72,201)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Share-based compensation expense<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">56,167<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">8,717<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">239,984<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">37,245<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment loss on long-lived assets<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">74,147<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">11,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">33,457<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">83,889<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,019<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Change in fair value of warrant liability<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(22,082)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(3,427)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(1,901)<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">(295)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Impairment loss on long-term investments<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">&#8211;<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3,507<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">461<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">72<\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Loss on disposal of subsidiaries<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">46,050<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">12,829<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1,991<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">43,032<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13,779<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2,138<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen15\"><\/td>\n<\/tr>\n<tr readability=\"3\">\n<td nowrap=\"nowrap\" class=\"prngen9\" readability=\"5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Adjusted net loss (non-GAAP)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(119,766)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(60,431)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(9,379)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(278,807)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(129,017)<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen17\"><\/td>\n<td nowrap=\"nowrap\" class=\"prngen12\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(20,022)<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/p><\/div>\n<p>Source: Ucommune International Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Nov. 26, 2021 \/PRNewswire\/ &#8212; Ucommune International Ltd. (NASDAQ: UK) (&#8220;Ucommune&#8221; or the &#8220;Company&#8221;),&nbsp;a leading agile office space manager and provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Net revenues were RMB253.5 million, representing an increase of 26.8% from the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=3132\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 26, 2021 \/PRNewswire\/ &#8212; Ucommune International Ltd. (NASDAQ: UK) (&#8220;Ucommune&#8221; or the &#8220;Company&#8221;),&nbsp;a leading agile office space manager and provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. 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Announces Unaudited Third Quarter 2021 Financial Results - My Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/transmediavictoria.net.au\/?p=3132","og_locale":"en_US","og_type":"article","og_title":"Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results - My Blog","og_description":"BEIJING, Nov. 26, 2021 \/PRNewswire\/ &#8212; Ucommune International Ltd. (NASDAQ: UK) (&#8220;Ucommune&#8221; or the &#8220;Company&#8221;),&nbsp;a leading agile office space manager and provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Net revenues were RMB253.5 million, representing an increase of 26.8% from the [&hellip;]","og_url":"https:\/\/transmediavictoria.net.au\/?p=3132","og_site_name":"My Blog","article_published_time":"2021-11-26T11:30:00+00:00","og_image":[{"width":200,"height":200,"url":"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2021\/11\/ucommune-international-ltd-announces-unaudited-third-quarter-2021-financial-results.png","type":"image\/png"}],"author":"admin_tony","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_tony","Est. reading time":"18 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/transmediavictoria.net.au\/?p=3132#article","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/?p=3132"},"author":{"name":"admin_tony","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"headline":"Ucommune International Ltd. 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