UK · Ucommune International Ltd

The Equity Transfer Agreement involves Melo Inc., an indirect wholly-owned subsidiary of Ucommune International Ltd, divesting its entire ownership in Melo Hongkong Limited to three designated Transferees for a nominal US$1.00. This transfer recognizes the Transferees' significant contributions to Ucommune over the past decade, suggesting a strategic or compensatory move rather than a value-driven transaction. Post-transfer, Transferee A holds majority control at 57%, with Transferee B and C receiving 21% and 22% respectively, potentially aligning key contributors with subsidiary operations. The low consideration underscores non-monetary motivations, which investors should monitor for impacts on group structure, related-party dynamics, or subsidiary performance. The agreement's Hong Kong governance and arbitration provisions provide a clear legal framework.