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