Welcome to our dedicated page for Utime news (Ticker: WTO), a resource for investors and traders seeking the latest updates and insights on Utime stock.
UTime Limited develops, produces and sells mobile devices, smart hardware and related consumer electronics in China and overseas markets. Company updates commonly cover customer and cooperation agreements, smart health wearables, smart servers, mobile-device distribution, and the use of existing sales channels for international product expansion.
UTime news also includes operating and financial results, governance matters, and capital-structure actions involving its Class A ordinary shares. Recurring corporate disclosures address reverse stock splits or share consolidations, authorized share-capital changes, shareholder votes, and amendments to the company’s memorandum and articles of association.
UTime (Nasdaq: WTO) launched a smartwatch with integrated blood pressure monitoring on Oct 28, 2025, expanding its health tech product lineup.
The device uses the oscillometric method with an integrated micro air pump and high-precision pressure sensor, and it holds a China NMPA Class II Medical Device Registration (Registration Certificate No. Guangdong Instrument Note No. 20162070928). The watch also reports heart rate, blood oxygen saturation, sleep analysis, and multiple sports modes while emphasizing wearing comfort and interactive features like voice reminders.
UTime (NASDAQ: WTO) announced an October 23, 2025 Memorandum of Understanding to co-develop a digital eldercare services platform with Hainan Fuxinyi Investment over a three-year collaboration.
Under the MOU UTime will provide device design, product development and manufacturing; Fuxinyi will integrate eldercare service providers and community resources. A pilot rollout is planned in Nanning, Guangxi province with phased expansion across southern China. The company frames the MOU as a strategic shift from consumer devices toward healthcare and the "silver economy" to pursue long-term growth opportunities.
UTime (Nasdaq: WTO) priced a registered direct offering of 22,727,275 units at $1.10 per unit, each unit comprising one Class A ordinary share and one Series A warrant. Gross proceeds are expected to be approximately $25.0 million before placement agent fees and expenses. Each Warrant is immediately exercisable at $1.10 and expires six months after issuance. The offering is expected to close on or about October 17, 2025, subject to customary conditions, and is being placed by Univest Securities under a Form F-3 shelf registration declared effective June 10, 2024.
UTime Limited (NASDAQ: UTME) has issued an urgent statement addressing unauthorized press releases published on September 11, 2025, which falsely claimed changes in the company's management and board composition. The company confirms that CEO and Chairman Hengcong Qiu and all board members remain in their positions.
The fraudulent releases were allegedly distributed by a former employee who previously managed investor relations. UTime is taking immediate action, including notifying the SEC about fraudulent filings and involving proper authorities to investigate the matter. The company's board continues to consist of Minfei Bao, Hengcong Qiu, Xiaoqian Jia, Hailin Xie, and Yanzhi Wang.
UTime Limited (NASDAQ: UTME) has announced significant changes to its Board of Directors and confirmed its corporate governance stability. The company disclosed the resignation of four directors on September 4, 2025, followed by the appointment of five new directors on September 8-9, 2025.
Key appointments include Wang Tianlong as CEO and Chairman of the Board, along with three independent directors: Ouyang Xuan (Audit Committee Chair), Tong Shirong (Compensation Committee Chair), and Liu Zhongping (Nomination and Governance Committee Chair). Wu Xiaoxia was also appointed as Director.
The company emphasizes that its governance mechanisms remain intact, business operations continue normally, and it maintains commitment to NASDAQ compliance and transparency.
UTime Limited (NASDAQ: WTO), a Chinese mobile device manufacturer and technology company, has announced the change of its official website to http://wtoworld.com effective September 9, 2025.
The company also issued a statement addressing an unauthorized SEC filing regarding its management and board composition. UTime focuses on designing, developing, producing, and selling mobile devices in China and international markets, with an emphasis on cost-effective products for a broad customer base.
UTime Limited (NASDAQ: UTME), a Chinese mobile device manufacturer, has issued an urgent statement addressing an unauthorized SEC filing that falsely claimed changes in company leadership. The company confirms that CEO and Chairman Hengcong Qiu and Director Minfei Bao remain in their positions, contrary to the fraudulent Form 6-K submission.
The company believes the unauthorized filing was made by a former employee with illicit access to EDGAR filing codes. UTime is taking immediate action by notifying the SEC and proper authorities to investigate the matter. The current Board of Directors, consisting of Minfei Bao, Hengcong Qiu, Xiaoqian Jia, Hailin Xie, and Yanzhi Wang, remains unchanged.
UTime Limited (NASDAQ: UTME) has received a notification from Nasdaq on August 15, 2025, indicating non-compliance with the minimum stockholders' equity requirement. The company's stockholders' equity has fallen below the required $2.5 million threshold for continued listing on the Nasdaq Capital Market.
The company has been given 45 calendar days until September 29, 2025, to submit a compliance plan. If accepted by Nasdaq, UTime could receive up to 180 calendar days extension to regain compliance. The notification does not immediately affect UTME's listing status on Nasdaq.
UTime (Nasdaq: WTO) has announced a 1-for-10 reverse share split of its Class A ordinary shares, effective March 31, 2025. The move aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
Key details of the reverse split include:
- Outstanding shares will reduce from approximately 36 million to 3.6 million
- New par value will be $0.001 per share
- Trading continues under symbol 'WTO' with new CUSIP number G9411M124
- Fractional shares will be rounded up to the nearest whole number
The split will also affect ordinary shares issuable under outstanding derivative securities and equity incentive plans. VStock Transfer, will serve as the exchange agent, with shareholders holding book-entry or brokerage accounts requiring no action.
UTime (Nasdaq: WTO) announced receiving a notification letter from Nasdaq on October 10, 2024, regarding its failure to meet the minimum bid price requirement. The company's ordinary shares have been below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). UTime has until April 8, 2025, to regain compliance by maintaining a closing bid price of at least $1 for a minimum of 10 consecutive business days.
If UTime fails to meet this requirement within the initial 180-day period, it may be eligible for an additional 180 calendar days, provided it meets other continued listing requirements and submits a written notice of intention to cure the deficiency. The notification has no immediate effect on UTime's Nasdaq listing.