SHENZHEN, China, Feb. 06, 2026 — UTime Limited (Nasdaq: WTO) today announced that its share consolidation (referred to as the “Share Consolidation”), which combines every five (5) Class A ordinary shares—each with a par value of US$0.10—into one (1) Class A ordinary share with a par value of US$0.50, will become effective at 8:00 a.m. Eastern Time on February 17, 2026. The Company’s Class A ordinary shares will begin trading on the Nasdaq Capital Market on February 17, 2026, on a post-consolidation basis, using the existing ticker symbol “WTO” and a new CUSIP number: G9411M140.
Details of the Share Consolidation
The Share Consolidation was first approved by the Company’s board of directors on January 20, 2026, and subsequently approved by shareholders at the Company’s extraordinary general meeting held on January 26, 2026 (the “Extraordinary Meeting”). The board finalized the 5:1 consolidation ratio on January 26, 2026. At the Extraordinary Meeting, shareholders gave the green light to the Share Consolidation, as well as resolutions to boost authorized share capital, revise the memorandum and articles of association, and consider a potential further share consolidation once the current one takes effect.
Impact on Shareholders
The Share Consolidation will not change any shareholder’s percentage ownership in the Company, except for small adjustments due to how fractional shares are handled.
About UTime Limited
Listed on Nasdaq under the ticker WTO, UTime Limited focuses on the design, development, production, sales, and brand management of mobile devices in China and around the world. The company strives to offer affordable, high-value products and caters to a wide range of customers.
Safe Harbor Statement
This press release includes forward-looking statements as defined by Section 21E of the Securities Exchange Act of 1934, as amended. All statements not based on historical fact are forward-looking. These statements involve known and unknown risks, uncertainties, and other factors that could make the Company’s actual results, performance, or achievements significantly different from any future results, performance, or achievements suggested or stated in the forward-looking statements. For more on risk factors, please review UTime Limited’s Annual Report on Form 20-F and other SEC filings. All information in this release is current as of the date of publication and is based on assumptions the Company deems reasonable as of this date. The Company is not obligated to update any forward-looking statements unless required by law.
Contact:
UTime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People’s Republic of China 518061
Telephone: (86) 755 86512266
