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UTime signs agreements to grant 1M shares for services

The agreements change Keru Jiang’s business-development compensation from cash to equity and place both recipients’ shares under UTime’s 2026 Equity Incentive Plan.

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Form Type
6-K

Rhea-AI Filing Summary

UTime Ltd (FXHO) agreed to compensate advisor Li Donghong with 600,000 Class A ordinary shares for strategic advisory and analytical services. Business development service provider Keru Jiang’s compensation changed from cash to 400,000 ordinary shares under a July 1, 2026 supplemental agreement to the April 1, 2026 Business Development Agreement.

On September 17, 2026, UTime entered into grant agreements with both recipients. UTime reported issuing a total of 1,000,000 ordinary shares to them, with the shares to be issued under the company’s 2026 Equity Incentive Plan.

Advisor's agreed share compensation 600,000 Class A ordinary shares For Li Donghong's strategic advisory and analytical services
Service provider's agreed share compensation 400,000 ordinary shares For Keru Jiang under the July 1, 2026 supplemental agreement
Total shares stated in grant agreements 1,000,000 ordinary shares Grant agreements dated September 17, 2026; to be issued under the 2026 Equity Incentive Plan
Special Strategic Advisory Services Agreement technical
"entered into a Special Strategic Advisory Services Agreement"
Supplemental Agreement technical
"Pursuant to the Supplemental Agreement"
Grant Agreements technical
"On September 17, 2026, the Company entered into grant agreements"
2026 Equity Incentive Plan financial
"under the Company’s 2026 Equity Incentive Plan"

FAQ

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How many shares did FXHO grant to its advisor and business development provider?

The September 17, 2026 grant agreements state a total of 1,000,000 ordinary shares for the two recipients: 600,000 for advisor Li Donghong and 400,000 for business development service provider Keru Jiang. The shares were to be issued under UTime’s 2026 Equity Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

For the Month of September 2026

 

Commission file number 001-40306

 

UTIME LIMITED

 

7th Floor Building 5A

Shenzhen Software Industry Base

Nanshan, Shenzhen

People’s Republic of China

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Entry into Advisory Services Agreement

 

On September 8, 2026, UTime Limited, a Cayman Islands exempted company with limited liability (the “Company”), entered into a Special Strategic Advisory Services Agreement (the “Advisory Services Agreement”) with Li Donghong (the “Advisor”), pursuant to which the Advisor will provide advisory and analytical services related to the Company’s various business streams. As consideration for these services, the Company has agreed to grant to the Advisor 600,000 of the Company’s Class A ordinary shares (the “Ordinary Shares”), as described below. The Advisory Services Agreement is filed herewith as Exhibit 10.1 and incorporated herein by reference.

 

Entry into Business Development Agreement and Supplemental Agreement

 

On April 1, 2026, the Company entered into a Business Development Agreement (the “Business Development Agreement”) with Keru Jiang (the “Service Provider”), pursuant to which the Service Provider agreed to provide business development services to the Company in exchange for cash compensation. On July 1, 2026, the Company and the Service Provider entered into a supplemental agreement to the Business Development Agreement (the “Supplemental Agreement”) whereby the Service Provider agreed to be compensated with equity from the Company, rather than cash. Pursuant to the Supplemental Agreement, the Company has agreed to grant to the Service Provider 400,000 of the Company’s Ordinary Shares, as described below. The Business Development Agreement and Supplemental Agreement are filed herewith as Exhibit 10.2 and Exhibit 10.3, respectively, and are incorporated herein by reference.

 

Entry into Grant Agreements

 

On September 17, 2026, the Company entered into grant agreements (the “Grant Agreements”) with each of the Advisor and the Service Provider. Under these Grant Agreements, the Company issued a total of 1,000,000 Ordinary Shares (the “Shares”) to the Advisor and the Service Provider, with the Shares to be issued under the Company’s 2026 Equity Incentive Plan.

 

The Grant Agreements with the Advisor and the Service Provider are filed herewith as Exhibit 10.4 and Exhibit 10.5, respectively, and are incorporated herein by reference.

 

Exhibit Index

 

Exhibit No.   Description
10.1*   Advisory Services Agreement
10.2*   Business Development Agreement
10.3*   Supplemental Agreement
10.4*   Grant Agreement with the Advisor
10.5*   Grant Agreement with the Service Provider

 

* Certain identified information has been excluded from this Exhibit because it is both (i) not material and (ii) the type of information that the Company treats as private or confidential. 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  UTIME LIMITED
   
Dated: September 21, 2026 By: /s/ Hengcong Qiu
  Name: Hengcong Qiu
  Title: Chief Executive Officer
    (Principal Executive Officer)

 

 

 

 

 

Filing Exhibits & Attachments

5 documents

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