Ucommune International Ltd. announced that the company will develop another asset-light co-working project. The project is located in Datong, Shanxi Province and will have 1,500 workstations in a managed area of 30,688 square meters. The Datong Young Entrepreneurs Village – Ucommune co-working project (the project) is one of the company’s projects under its asset-light business model. The company will provide a broad range of managed services to its landlord partner, including design, decoration, marketing, smart management systems, community events, and value-added services for tenants. The company’s standardized operating model will allow its landlord partner to better utilize its idle land assets, thereby unlocking and generating greater value. The project is currently under construction and is expected to be completed in April, 2022, entering operation on June 1, 2022. Each of the building's six stories possesses its own specifically designed functional orientation.