UTime Limited Reaffirms Current Leadership and Board Composition Following Unauthorized SEC Filing [Yahoo! Finance]
UTime Limited - Class A Ordinary Shares (WTO)
Company Research
Source: Yahoo! Finance
Shenzhen, People's Republic of China 518061 SHENZHEN, China, Sept. 09, 2025 (GLOBE NEWSWIRE) -- UTime Limited (the "Company" or “Utime”) (NASDAQ: WTO), a mobile device manufacturer and technology company, today issued a statement to clarify its management and board composition following an unauthorized filing with the U.S. Securities and Exchange Commission (the "SEC"). On September 9, 2025, a fraudulent filing was submitted to the SEC via the SEC's EDGAR filing system (the "Unauthorized Form 6-K"). This filing falsely claimed that the officers and directors of Utime had resigned and had been replaced by new appointees. The Company wishes to advise its shareholders, investors, and the public that this filing was not authorized, reviewed, or approved by the Company's leadership. Specifically: Mr. Hengcong Qiu remains the Chief Executive Officer, Chief Financial Officer and Chairman of the Board of the Company and has not resigned. Mr. Minfei Bao remains a Director and has no
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News
- UTime (NASDAQ:WTO) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=WTO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> to a "MarketBeat
- BC-Most Active Stocks [Yahoo! Finance]Yahoo! Finance
- UTime Limited Announces 1-for-100 Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- UTime to enact 1-for-100 reverse stock split; shares down [Seeking Alpha]Seeking Alpha
- UTime Limited Announces 1-for-100 Reverse Stock SplitGlobeNewswire
WTO
Sec Filings
- 11/12/25 - Form 6-K
- 11/5/25 - Form 6-K
- 11/3/25 - Form 6-K
- WTO's page on the SEC website