UTime Limited Reveals Offering of $1.2 Million in Preferred Shares for Registration-in-Process

(SeaPRwire) –   Shenzhen, China – May 1, 2026 – UTime Limited (Nasdaq: WTO), a global technology company specializing in the design, development, and manufacturing of mobile devices and smart hardware products, announced today the execution of a definitive securities purchase agreement. This agreement, made with certain institutional investors, facilitates the purchase and sale of an aggregate of 1,000,000 class A ordinary shares of the Company, par value $0.50 per share (the “Shares”), or pre-funded warrants in lieu thereof. The shares are priced at $1.20 per share in a registered direct offering.

The Company anticipates gross proceeds of approximately $1.2 million from this offering, prior to the deduction of placement agent fees and other associated offering expenses. The closing of this transaction is projected to occur on or around May 4, 2026, contingent upon the fulfillment of standard closing conditions.

Univest Securities, LLC serves as the exclusive placement agent for this offering.

This registered direct offering is being conducted under a shelf registration statement on Form F-3 (File No. 333-278912), which the Company previously filed and which was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on June 10^th, 2024. A final prospectus supplement, along with its accompanying prospectus detailing the terms of the proposed offering, will be filed with the SEC and accessible on the SEC’s website at http://www.sec.gov. Once available, electronic copies of these documents can be requested by contacting Univest Securities, LLC via email at info@univest.us or by phone at +1 (212) 343-8888.

This press release should not be construed as an offer to sell or a solicitation of an offer to purchase, nor shall any sales of these securities occur in any jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under that jurisdiction’s securities laws. The Company will file copies of the prospectus supplement for the registered direct offering, along with the base prospectus, which will be available on the SEC’s website at www.sec.gov once filed.

About UTime Limited

UTime Limited, listed on Nasdaq as WTO, specializes in the design, development, production, sales, and brand management of mobile devices both in China and internationally. The company is committed to delivering cost-effective products to a diverse customer base.

Forward-Looking Statements

This announcement contains certain forward-looking statements, which include, but are not limited to, information regarding the Company’s proposed offering. These statements are subject to known and unknown risks and uncertainties, and they are predicated on current expectations and projections concerning future events and financial trends that the Company believes could impact its financial condition, operational results, business strategy, and financial requirements, including the anticipated closing of the offering. Investors can identify many, though not all, of these statements by terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances, or changes in its expectations, unless mandated by law. While the Company believes the expectations conveyed in these forward-looking statements are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual outcomes may vary significantly from those anticipated and urges them to review additional factors that could influence its future results, as detailed in the Company’s registration statement and other SEC filings.

Contact:
qhengcong@utimemobile.com

UTime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People’s Republic of China 518061
Tel: (86) 755 86512266