U Power (NASDAQ: UCAR) sets 10:1 share consolidation for March 30, 2026

Rhea-AI Filing Summary

U Power Limited is implementing a 10-for-1 consolidation of all authorized, issued and unissued ordinary shares. After the change, authorized share capital will be 500,000,000 ordinary shares with a par value of US$0.0001, including 399,941,181.2 Class A shares and 100,058,818.8 Class B shares.

From the opening of trading on March 30, 2026, Class A ordinary shares will trade on the Nasdaq Capital Market on a post-consolidation basis under the same symbol “UCAR” but with a new CUSIP G9520U124. Fractional positions will be rounded up to the next whole share, and no cash will be paid for fractional shares.

Insights

Equity structure analyst

U Power is enacting a 10-for-1 share consolidation with rounded-up fractions.

U Power Limited is consolidating its ordinary shares on a 10:1 basis, affecting both authorized and outstanding equity. Post-consolidation, authorized capital is 500,000,000 ordinary shares at US$0.0001 par value, split between Class A and Class B shares.

Trading in Class A shares will reflect the consolidation starting on March 30, 2026 under the existing Nasdaq symbol but with a new CUSIP. Fractional entitlements are handled by rounding up to whole shares rather than paying cash, which slightly benefits holders with non-multiple positions while keeping the process mechanical.

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 March 2026

Commission File Number: 001-41679

U Power Limited  

18/F, Building 3, Science and Technology Industrial Park
Yijiang District, Wuhu City, Anhui Province

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 ☐

U Power Limited Announces Share Consolidation

U Power Limited, a Cayman Islands exempted company with limited liability (the “Company”), today announced that it plans to effect a consolidation of all of the Company’s authorized issued and unissued ordinary shares on a 10:1 basis (the “Share Consolidation”), which was approved by the Company’s shareholders on December 5, 2025, and approved by the Company’s board of directors on November 4, 2025. As a result of the Share Consolidation, the Company’s authorized share capital will consist of 500,000,000 ordinary shares, each with a par value of US$0.0001, consisting of (i) 399,941,181.2 Class A ordinary shares, each with a par value of US$0.0001 and (ii) 100,058,818.8 Class B ordinary shares, each with a par value of US$0.0001, without any action on the part of the shareholders.

Beginning with the opening of trading on March 30, 2026, the Company’s Class A ordinary shares will trade on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “UCAR,” but under a new CUSIP number of G9520U124. No fractional shares will be issued in connection with the Share Consolidation. Instead, record holders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Share Consolidation ratio will automatically be entitled to receive an additional fraction of one share to round up to the next whole share. For those beneficial holders who hold shares through a brokerage firm, the Company intends to round up fractional shares at the participant level. Cash will not be paid for fractional shares.

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SIGNATURE

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.

	U Power Limited
Date: March 24, 2026	By:	/s/ Jia Li
	Name:	Jia Li
	Title:	Chairman of the Board of Directors

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FAQ

What share consolidation is U Power Limited (UCAR) implementing?

U Power Limited is implementing a 10-for-1 consolidation of all authorized, issued and unissued ordinary shares. This reduces the number of shares per holder by a factor of ten while proportionally adjusting each share’s representation of ownership in the company.

When will U Power’s consolidated shares begin trading on Nasdaq?

U Power’s Class A ordinary shares will begin trading on a post-consolidation basis on March 30, 2026. The shares will remain listed on the Nasdaq Capital Market, continuing under the symbol UCAR but reflecting the new share count per holder.

Will U Power Limited change its trading symbol after the share consolidation?

U Power Limited will keep its trading symbol UCAR on the Nasdaq Capital Market after the consolidation. The main change for market participants is a new CUSIP number, G9520U124, associated with the post-consolidation Class A ordinary shares.

How will U Power handle fractional shares from the 10:1 consolidation?

No fractional shares will be issued. Shareholders who would otherwise receive fractions will instead be rounded up to the next whole share. Beneficial holders through brokers are also expected to be rounded at the participant level, and no cash will be paid for these fractions.

What will U Power’s authorized share capital be after the consolidation?

After the consolidation, authorized share capital will be 500,000,000 ordinary shares with a par value of US$0.0001. This includes 399,941,181.2 Class A ordinary shares and 100,058,818.8 Class B ordinary shares, reflecting the 10:1 consolidation ratio across classes.

Does U Power’s share consolidation affect both Class A and Class B shares?

Yes. The 10-for-1 consolidation applies to all authorized, issued and unissued ordinary shares, covering both Class A and Class B. Post-consolidation, the authorized capital is split between 399,941,181.2 Class A shares and 100,058,818.8 Class B shares at US$0.0001 par value.