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Leadership overhaul at UTime (WTO) as CEO and three directors exit

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

UTime Limited reported sweeping leadership changes in early September 2025. On September 4, four board members, including Chief Executive Officer and Chairman Hengcong Qiu, resigned effective immediately. Each departing director and the CEO stated that their resignations were not the result of any disagreement with the company’s operations, policies, or practices.

On September 8, the board appointed Tianlong Wang as the new Chief Executive Officer and chairman, and named Shirong Tong, Zhongping Liu, and Xiaoxia Wu as new directors. The filing notes that there are no special arrangements underlying these appointments and no family relationships between the new appointees and existing directors or executive officers. The new leaders bring experience in management, academia, human resources, and investment management.

Positive

  • None.

Negative

  • Simultaneous resignations of CEO/chair and three directors on September 4, 2025, represent a major, abrupt leadership change that may raise governance and continuity concerns despite the stated lack of disagreements.

Insights

UTime replaces its CEO/chair and three directors after coordinated resignations.

The company discloses that four board members, including the Chief Executive Officer and Chairman, resigned effective immediately on September 4, 2025. While each individual states there was no disagreement over operations, policies, or practices, the concentration and sudden timing of departures make this a significant governance event.

Four replacements, including new CEO and chairman Tianlong Wang, were appointed effective September 8, 2025, which limits any leadership vacuum. The new appointees bring backgrounds in corporate management, human resources, academia, and fund management, and the filing states there are no appointment arrangements or family relationships with existing leadership. Future disclosures in company filings may provide more detail on how this refreshed leadership team influences strategy and execution.


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 2025

 

Commission File Number: 001- 40306

 

UTime Limited

 

7th Floor, Building 5A

Shenzhen Software Industry Base

Nanshan District, Shenzhen, 518061

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 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Resignation of Directors

 

On Sep 4, 2025, Mr. Hailin Xie notified UTime Limited (the “Company”) of his intent to resign as a board member of the Company, effective immediately. Mr. Xie confirmed that his resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

 

On Sep 4, 2025, Mr. Minfei Bao notified the Company of his intent to resign as a board member of the Company, effective immediately. Mr. Bao confirmed that his resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

 

On Sep 4, 2025, Mr. Hengcong Qiu notified UTime Limited (the “Company”) of his intent to resign as Chief Executive Officer and Chairman of the Company, effective immediately. Mr. Qiu confirmed that his resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

 

On Sep 4, 2025, Mr. Xiaoqian Jia notified UTime Limited (the “Company”) of his intent to resign as a board member of the Company, effective immediately. Mr. Jia confirmed that his resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.

 

 

Appointment of Directors and Officer

 

On Sep 8, 2025, the Board of Directors adopted resolutions approving Mr. Tianlong Wang as Chief Executive Officer and chairman and Mr. Shirong Tong and Zhongping Liu and Ms. Xiaoxia Wu as directors of the Board, effective as of Sep 8, 2025, immediately following the resignation of the four individuals.

 

Mr. Tianlong Wang, 39 years old, served as a vice general manager of Youngor Group Co., Ltd. from 2018 to present. Prior to that, Mr. Wang served as a regional sales director at Youngor Group Co., Ltd. from 2015 until August 2018. Mr. Wang earned a bachelor’s degree in software engineering from Hebei University.

 

 

There is no arrangement or understanding with any person pursuant to which Mr. Wang was appointed as CEO and director of the board of the Company. There are no family relationships between Mr. Wang and any director or executive officer of the Company.

 

Ms. Xiaoxia Wu, 37 years old, served as HRBP of New Open Enterprise Management Group Co., Ltd. From 2021 to 2024, Ms. Wu served as HR manager of Tianyang Real Estate Co., Ltd. . Ms. Wu served as HR & Admin Supervisor of PowerChina Real Estate Group Co., Ltd. between 2018 to 2020. Ms. Wu earned a bachelor’s degree in public administration from Hebei GEO University Huaxin College.

 

There is no arrangement or understanding with any person pursuant to which Ms. Wu was appointed as director of the board of the Company. There are no family relationships between Ms. Wu and any director or executive officer of the Company.

 

 

Mr. Shirong Tong, 52 years old, served as a professor of School of Economics and Management, Shaoyang University. between 2005 to present. Prior to that, Mr. Tong served as a marketing manager at Kaba Group (Germany), Shanghai Headquarters. from March 2004 until August 2004.

 

There is no arrangement or understanding with any person pursuant to which Mr. Tong was appointed as director of the board of the Company. There are no family relationships between Mr. Tong and any director or executive officer of the Company.

 

 

Mr. Zhongping Liu, 47 years old, served as a manager of Shenzhen Tongzhi Fund Management Co., Ltd. between 2015 to present. He was responsible for the fund raising business, sales management, branch and subsidiary management as well as partner institution management. Prior to that, Mr. Liu served as a VP at Qiuxin Investment Management Co., Ltd. from August 2012 until May 2015.

 

There is no arrangement or understanding with any person pursuant to which Mr. Liu was appointed as director of the board of the Company. There are no family relationships between Mr. Liu and any director or executive officer of the Company.

 

 

 

 

[Signature Page Follows]




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.

 

Dated: September 9, 2025

 

 

UTIME LIMITED

 

 

 

 

By:

/s/ Hengcong Qiu

 

Name: 

Hengcong Qiu

 

Title:

Chief Executive Officer

 


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4907-201-0069.v1

FAQ

What leadership changes did UTime Limited (WTO) disclose in this 6-K?

The company reported that on September 4, 2025, four individuals resigned effective immediately, including Chief Executive Officer and Chairman Hengcong Qiu and three other board members.

Who is the new CEO and chairman of UTime Limited (WTO)?

Effective September 8, 2025, Tianlong Wang was appointed as Chief Executive Officer and chairman. He previously served as a vice general manager and regional sales director at Youngor Group Co., Ltd.

Were there any reported disagreements behind the resignations at UTime Limited (WTO)?

Each of Hailin Xie, Minfei Bao, Hengcong Qiu, and Xiaoqian Jia confirmed that their resignations were not due to any disagreement with the company’s operations, policies, or practices.

Who were appointed as new directors at UTime Limited (WTO)?

On September 8, 2025, Shirong Tong, Zhongping Liu, and Xiaoxia Wu were appointed as directors of the board, effective immediately following the resignations.

Do the new leaders at UTime Limited (WTO) have any family relationships or special arrangements with the company?

The filing states there is no arrangement or understanding with any person for appointing Tianlong Wang, Shirong Tong, Zhongping Liu, or Xiaoxia Wu, and there are no family relationships between them and any director or executive officer.

What are the professional backgrounds of the new directors at UTime Limited (WTO)?

Xiaoxia Wu has a human resources background, Shirong Tong has been a professor at Shaoyang University’s School of Economics and Management, and Zhongping Liu has managed fundraising and sales at Shenzhen Tongzhi Fund Management Co., Ltd.
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