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False filings disputed as UTime (NASDAQ: WTO) confirms leadership

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

Rhea-AI Filing Summary

UTime Limited reports that two Form 6-K filings made on September 9, 2025, and related press releases were submitted by an unauthorized individual and contained false information about wholesale leadership changes. The company confirms that no executive officers or directors resigned and that its board and management remain unchanged.

UTime explains that this individual seized control of its EDGAR filing codes, temporarily blocking official access, and that the company worked with the SEC to regain control on October 9, 2025. The refurnished September 11, 2025 press release, attached as Exhibit 99.1, reiterates the continuity of the existing leadership team.

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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 October 2025

 

Commission file number 001-40306

 

UTIME LIMITED

 

7th Floor Building 5A

Shenzhen Software Industry Base

Nanshen, 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 ☐

 

 

 

 
 

 

Retraction of Unauthorize Form 6-Ks and Confirmation of No Change in UTime leadership

 

On September 9, 2025, an individual (the “Unauthorized Individual”) with access to the Edgar filing codes of UTime Limited (the “Company”) made two false filings on Form 6-K with the Securities and Exchange Commission (the “SEC”) indicating that the officers and directors of the Company had resigned and new slate of officers and directors had been appointed in their place (the “Unauthorized Form 6-Ks”). Please be advised that the Unauthorized Form 6-K filing was not approved or reviewed by the Company’s CEO, Hengcong Qiu, or its Director, Minfei Bao, that none of the Company’s executive officers had resigned and no action was taken to change the Company’s board of directors. As such, the Company’s current management team remains in place and its board, consisting of Messrs. Bao, Qiu, Xiaoqian Jia, Hailin Xie and Yanzhi Wang, remains the same.

 

On September 11, 2025,the Unauthorized Individual distributed two unauthorized press releases without the Company’s authorization (the “Unauthorized Press Releases”). The Unauthorized Press Releases contained similar fraudulent information to what had been disclosed in the Unauthorized Form 6-Ks. After learning of the Unauthorized Press Releases, the Company promptly countered by publishing its own press release, distributed through GlobeNewswire, reaffirming the Company’s current officers and directors, and further confirming that no changes had been made to the Company’s leadership.

 

Prior to the Unauthorized Form 6-Ks being filed with the SEC, the Company learned that the Unauthorized Individual had taken control of the Company’s Edgar filing codes (the “Edgar Codes”) and, using the EdgarNext system, blocked the Company’s officers, as well as its SEC filing agent, from using the Company’s Edgar Codes. As a result, the Company had to seek clearance from the SEC, including filing a new Form ID application and completing a detailed SEC review and authorization process, to regain access to its Edgar Codes. After detailed review by and coordination with, the SEC, on the afternoon of October 9, 2025, the SEC finally approved the Company’s Form ID application and released the Edgar codes to the Company.

 

The Company believes that the Unauthorized Individual was a former employee of the Company who had access to the Company’s Edgar filing codes when employed by the Company and that the Unauthorized Individual took these actions as an attempt to interfere with the Company’s business and management. The Company has taken, and continues to take, actions protect itself and its shareholders, including notifying the SEC and the proper authorities of the illegal and fraudulent actions taken by the Unauthorized Individual.

 

Through this Form 6-K, the Company reaffirms that neither of the Form 6-Ks that were filed with the SEC on September 9, 2025 were accurate or authorized. Further, the Company reaffirms that its leadership and board remain unchanged and confirms that its websites remain accessible at utimeworld.com and utimemobile.com.

 

Now that the Company has regained access to its SEC Edgar filing codes, the Company is refiling the press release that it published on September 11, 2025 (the “September 11, 2025 Press Release”) reaffirming its leadership. A copy of the September 11, 2025 Press Release is furnished as Exhibit 99.1 to this Current Report on Form 6-K and incorporated by reference herein.

 

Exhibits

 

Exhibit No.   Description
99.1   Press release dated September 11, 2025

 

 
 

 

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: October 9, 2025 By: /s/ Hengcong Qiu
  Name: Hengcong Qiu
  Title: Chief Executive Officer
    (Principal Executive Officer)

 

 

 

FAQ

What did UTime Limited (WTO) disclose in its October 2025 Form 6-K?

UTime Limited disclosed that two prior Form 6-Ks filed on September 9, 2025 were unauthorized and falsely reported leadership changes. The company confirms those filings are inaccurate and that its officers and directors remain the same as before the unauthorized submissions.

Did UTime Limited (WTO) change its leadership or board in 2025?

UTime Limited states that no executive officers resigned and no board changes occurred. The board continues to include Messrs. Bao, Qiu, Xiaoqian Jia, Hailin Xie and Yanzhi Wang, and the company emphasizes that earlier reports of leadership turnover were false.

What happened with the unauthorized SEC filings involving UTime Limited (WTO)?

An unauthorized individual used UTime’s EDGAR filing codes to submit two false Form 6-Ks claiming leadership changes. UTime says these filings were not reviewed or approved by management and formally retracts them, reaffirming that its existing officers and directors remain in place.

How did UTime Limited (WTO) regain control of its EDGAR filing codes?

UTime reports that the unauthorized individual blocked access to its EDGAR codes via the EdgarNext system. The company filed a new Form ID and completed an SEC review process, after which the SEC released the codes back to UTime on October 9, 2025.

What is included as Exhibit 99.1 in UTime Limited’s (WTO) Form 6-K?

Exhibit 99.1 is the press release dated September 11, 2025. UTime refiles this release to reaffirm that its officers and directors remain unchanged and to counter earlier unauthorized press releases that had repeated false claims of leadership changes.

How did UTime Limited (WTO) respond to the unauthorized press releases?

After learning of two unauthorized press releases on September 11, 2025, UTime issued its own GlobeNewswire release. That company-approved release reaffirmed the existing leadership structure and clarified that no changes had been made to its officers or board members.
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