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UTime issues 1M shares for 2026 advisory deals

UTime Ltd entered advisory and business development arrangements and issued 1,000,000 Class A ordinary shares in 2026 as equity compensation under its 2026 Equity Incentive Plan.

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Form Type
6-K

Rhea-AI Filing Summary

UTime Ltd (FXHO) reported entering several service and equity grant arrangements in 2026. On September 8, 2026, the company signed a Special Strategic Advisory Services Agreement with Li Donghong, under which the advisor will provide advisory and analytical services across UTime’s business streams in exchange for 600,000 Class A ordinary shares.

Separately, a Business Development Agreement with Keru Jiang dated April 1, 2026, was amended on July 1, 2026, so that compensation shifted from cash to equity, with 400,000 Class A ordinary shares to be granted. On September 17, 2026, UTime executed grant agreements with both parties and issued a total of 1,000,000 Class A ordinary shares under its 2026 Equity Incentive Plan.

Positive

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Negative

  • None.
Advisor share grant 600,000 Class A ordinary shares Compensation to Li Donghong under Special Strategic Advisory Services Agreement dated September 8, 2026
Service provider share grant 400,000 Class A ordinary shares Compensation to Keru Jiang under Supplemental Agreement dated July 1, 2026
Total shares issued 1,000,000 Class A ordinary shares Issued under UTime Ltd’s 2026 Equity Incentive Plan pursuant to grant agreements dated September 17, 2026
Advisory agreement date September 8, 2026 Date UTime Ltd entered the Special Strategic Advisory Services Agreement with Li Donghong
Business development agreement date April 1, 2026 Date UTime Ltd entered the Business Development Agreement with Keru Jiang
Supplemental agreement date July 1, 2026 Date compensation under the Business Development Agreement was changed from cash to equity
Grant agreements execution date September 17, 2026 Date UTime Ltd executed grant agreements issuing 1,000,000 shares under the 2026 Equity Incentive Plan
Special Strategic Advisory Services Agreement regulatory
"entered into a Special Strategic Advisory Services Agreement (the “Advisory Services Agreement”)"
Business Development Agreement regulatory
"entered into a Business Development Agreement (the “Business Development Agreement”)"
Supplemental Agreement regulatory
"entered into a supplemental agreement to the Business Development Agreement (the “Supplemental Agreement”)"
Equity Incentive Plan financial
"with the Shares to be issued under the Company’s 2026 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

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

What advisory agreement did UTime Ltd (FXHO) enter in September 2026?
On September 8, 2026, UTime Ltd entered a Special Strategic Advisory Services Agreement with Li Donghong, under which the advisor will provide advisory and analytical services related to the company’s various business streams in exchange for 600,000 Class A ordinary shares.

How is UTime Ltd (FXHO) compensating Li Donghong under the new advisory deal?
UTime Ltd agreed to grant Li Donghong 600,000 Class A ordinary shares as consideration for advisory and analytical services under the Special Strategic Advisory Services Agreement dated September 8, 2026.

What change was made to UTime Ltd’s business development agreement with Keru Jiang?
A Supplemental Agreement dated July 1, 2026 changed Keru Jiang’s compensation from cash to equity. Under this supplemental agreement, UTime Ltd agreed to grant the service provider 400,000 Class A ordinary shares for business development services.

How many shares did UTime Ltd (FXHO) issue under the 2026 Equity Incentive Plan?
On September 17, 2026, UTime Ltd entered grant agreements with both Li Donghong and Keru Jiang and issued a total of 1,000,000 Class A ordinary shares under its 2026 Equity Incentive Plan.

When were UTime Ltd’s equity grant agreements with the advisor and service provider executed?
The grant agreements with both the advisor, Li Donghong, and the service provider, Keru Jiang, were executed on September 17, 2026, covering a total of 1,000,000 Class A ordinary shares issued under UTime Ltd’s 2026 Equity Incentive Plan.

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

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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

 

 

 

 

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)

 

 

 

 

Source: View Original Filing on SEC EDGAR

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