Ucommune to merge with Guangdong Wanhe.

Ucommune, an agile office space manager and provider in China, agreed to merge with Guangdong Wanhe, an eco-friendly and intelligent space renovation service provider in China. Financial terms were not disclosed. As part of the Agreement, the Company will benefit from Guangdong Wanhe's established expertise in eco-friendly building materials, energy-saving construction plans, resource recycling, and renovation best practices.