STOCK TITAN

UTime okays conditional 1:10–1:100 share consolidation

UTime Ltd (FXHO) reported that shareholders at an extraordinary general meeting on September 10, 2026 approved several capital-structure and governance proposals.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

UTime Ltd (FXHO) reported that shareholders at an extraordinary general meeting on September 10, 2026 approved several capital-structure and governance proposals. A quorum was reached, with 26,065,779 Class A ordinary shares voting, representing approximately 99.19% of the 26,276,331 Class A ordinary shares issued, outstanding and entitled to vote.

Shareholders approved a Share Increase Proposal, a Share Subdivision Proposal, and the adoption of a Fourth Amended and Restated Memorandum and Articles of Association. They also approved, as an ordinary resolution, a Share Consolidation Proposal authorizing the board to implement one or more share consolidations within a 1:10 to 1:100 range, at its discretion, conditional on the share price trading below US$1.00 for at least five continuous trading days.

Positive

  • None.

Negative

  • None.

Filing Explained

The report records shareholder approval, while the attached Fourth Amended and Restated Memorandum and Articles of Association is to be filed with the Cayman Islands registrar in the coming days; the filing therefore does not establish that the approved changes are already fully implemented.

Class A shares entitled to vote 26,276,331 shares Class A ordinary shares issued, outstanding and entitled to vote at the September 10, 2026 meeting
Class A shares voting 26,065,779 shares Shares that voted at the extraordinary general meeting, about 99.19% participation
Meeting participation rate 99.19% Portion of 26,276,331 eligible Class A ordinary shares represented at the meeting
Votes for Share Increase Proposal 26,050,672 votes Votes cast in favor of the Share Increase Proposal
Votes for Share Subdivision Proposal 26,050,954 votes Votes cast in favor of the Share Subdivision Proposal
Votes for M&A Amendment Proposal 26,057,382 votes Votes cast in favor of adopting the Fourth Amended and Restated Memorandum and Articles of Association
Votes for Share Consolidation Proposal 26,053,245 votes Votes cast in favor of the conditional Share Consolidation Proposal
Authorized consolidation ratio range 1:10 to 1:100 Range of consolidation ratios the board may select under the Share Consolidation Proposal
Share price condition for consolidation Below US$1.00 for 5 days Share price must trade below US$1.00 for at least five continuous trading days before any consolidation
extraordinary general meeting regulatory
"held an extraordinary general meeting of shareholders on September 10, 2026"
Fourth Amended and Restated Memorandum and Articles of Association regulatory
"substitution in their place of the Fourth Amended and Restated Memorandum"
authorized share capital financial
"to approve an amendment to the authorized share capital of the Company"
The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.
share consolidation financial
"to effect one or more consolidations of the Company’s Class A ordinary shares"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
broker non-votes regulatory
"For | | Against | | Abstain | | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did UTime Ltd (FXHO) shareholders approve at the September 2026 extraordinary general meeting?

Shareholders approved a Share Increase Proposal, a Share Subdivision Proposal, a Fourth Amended and Restated Memorandum and Articles of Association, and a conditional Share Consolidation Proposal authorizing the board to implement one or more share consolidations within a 1:10 to 1:100 ratio range.

How many UTime Ltd (FXHO) shares were eligible to vote and how many voted?

Holders of 26,276,331 Class A ordinary shares were issued, outstanding and entitled to vote. A total of 26,065,779 Class A ordinary shares voted at the meeting, representing approximately 99.19% of the eligible Class A shares.

What are the conditions for UTime Ltd (FXHO) to implement the approved share consolidation?

The Share Consolidation Proposal permits one or more consolidations within a 1:10 to 1:100 ratio, with the final ratio, implementation and timing at the board’s discretion, provided the share price has traded below US$1.00 for at least five continuous trading days.

What were the voting results on UTime Ltd’s (FXHO) Share Increase and Share Subdivision Proposals?

The Share Increase Proposal received 26,050,672 votes for, 15,107 against and 0 abstentions. The Share Subdivision Proposal received 26,050,954 votes for, 14,606 against and 219 abstentions; there were no broker non-votes on either proposal.

How did UTime Ltd (FXHO) shareholders vote on amending the memorandum and articles of association?

For the M&A Amendment Proposal adopting the Fourth Amended and Restated Memorandum and Articles of Association, shareholders cast 26,057,382 votes for, 8,214 votes against and 183 abstentions, with no broker non-votes reported.

What were the voting results for UTime Ltd’s (FXHO) Share Consolidation Proposal?

The Share Consolidation Proposal was approved with 26,053,245 votes for, 12,531 votes against and 3 abstentions, and no broker non-votes. The proposal is also subject to approval of the Share Increase and Share Subdivision Proposals.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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 ☐

 

 

 

 
 

 

UTime Limited, a Cayman Islands exempted company (the “Company”), held an extraordinary general meeting of shareholders on September 10, 2026 at 10:00 AM ET (the “Meeting”) at the Company’s headquarters located at 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, 518061, China. Holders of a total of 26,065,779 Class A ordinary shares of the Company, par value $5.0 per share, voted at the meeting, representing approximately 99.19% of a total of 26,276,331 Class A ordinary shares issued, outstanding and entitled to vote at the Meeting. As a result, a quorum for the transaction of business was present at the Meeting. Each Class A ordinary share was entitled to one (1) vote on all matters subject to vote at the Meeting.

 

The final voting results for each matter submitted to a vote of shareholders at the meeting are as follows:

 

  Proposal No. 1: To consider and approve a proposal, as an ordinary resolution, to increase the authorized share capital of the Company from US$450,100,000 divided into (i) 90,000,000 Class A ordinary shares, of a par value of US$5.0 each and (ii) 100,000,000 Class B ordinary shares, of a par value of US$0.001 each, to US$50,001,000,000 divided into: (i) 10,000,000,000 Class A ordinary shares, of a par value of US$5.0 each and (ii) 1,000,000,000 Class B ordinary shares, of a par value of US$0.001 each, by the creation of an additional 9,910,000,000 Class A ordinary shares, of a par value of US$5.0 each; and 900,000,000 Class B ordinary shares, of a par value of US$0.001 each (the “Share Increase Proposal”).

 

The Share Increase Proposal was approved by the Company’s shareholders as follows:

 

For   Against   Abstain   Broker Non-Votes
26,050,672   15,107   0   -

 

  Proposal No. 2: To consider and approve as an ordinary resolution, subject to the approval of the Share Increase Proposal, to amend the authorized share capital of the Company from US$50,001,000,000 divided into (i) 10,000,000,000 Class A ordinary shares, of a par value of US$5.0 each and (ii) 1,000,000,000 Class B ordinary shares, of a par value of US$0.001 each to US$50,001,000,000 divided into (i) 5,000,000,000,000,000,000 Class A ordinary shares, of a par value of US$0.00000001 each and (ii) 100,000,000,000,000 Class B ordinary shares, of a par value of US$0.00000001 each, by the subdivision of each issued and unissued Class A ordinary share, of a par value of US$5.0 into 500,000,000 Class A ordinary shares, of a par value of US$0.00000001 each; and each issued and unissued Class B ordinary share, of a par value of US$0.001 into 100,000 Class B ordinary shares, of a par value of US$0.00000001 (the “Share Subdivision Proposal”).

 

The Share Subdivision Proposal was approved by the Company’s shareholders as follows:

 

For   Against   Abstain   Broker Non-Votes
26,050,954   14,606   219   -

 

Proposal No. 3: To consider and approve by a special resolution to amend and restate the third amended and restated memorandum and articles of association of the Company currently in effect by the deletion in their entirety and the substitution in their place of the Fourth Amended and Restated Memorandum and Articles of Association (attached as Exhibit 1.1 hereto) (the “M&A Amendment Proposal”)

 

The M&A Amendment Proposal was approved by the Company’s shareholders as follows:

 

For   Against   Abstain   Broker Non-Votes
26,057,382   8,214   183   -

 

Proposal No. 4: To consider and approve a proposal, as an ordinary resolution, subject to the approval of the Share Increase Proposal and the Share Subdivision Proposal, to approve an amendment to the authorized share capital of the Company, to effect one or more consolidations of the Company’s Class A ordinary shares, of a par value of US$0.00000001 each, within a ratio arrange from 1:10 to 1:100 basis, as may be finally determined by the board of Directors, with the final ratio, implementation and timing of such consolidation to be determined at the sole discretion of the board of Directors provided that any such consolidation shall not be implemented until the share price of the Company has traded below US$1.00 for a period of at least five (5) continuous trading days (the “Share Consolidation Proposal”).

 

The Share Consolidation Proposal was approved by the Company’s shareholders as follows:

 

For   Against   Abstain   Broker Non-Votes
26,053,245   12,531   3   -

 

 

A copy of the Company’s amended and restated memorandum and articles of association, which will be filed with Cayman Islands registrar in the coming days, is attached hereto as Exhibit 1.1 and incorporated herein by reference.

 

Exhibit Index

 

Exhibit No.   Description
1.1   Fourth Amended and Restated Memorandum and Articles of Association

 

 
 

 

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 14, 2026 By: /s/ Hengcong Qiu
  Name: Hengcong Qiu
  Title: Chief Executive Officer
    (Principal Executive Officer)

 

 

Filing Exhibits & Attachments

1 document

Other Documents

Keep reading