Core Viewpoint - UTime Limited has issued a statement to clarify that its management and board composition remain unchanged despite the circulation of fraudulent press releases claiming otherwise [1][2][3] Group 1: Unauthorized Press Releases - Two fraudulent press releases were published, falsely stating that the Company's management and board had resigned and that the website address had changed [2] - The Company confirms that these Unauthorized Press Releases were not authorized or approved by its leadership [3] - The Company believes these releases were disseminated by a former employee with a history in investor relations, aiming to disrupt business operations [4] Group 2: Company Actions - UTime Limited is taking immediate actions to address the situation, including notifying the SEC about the fraudulent filings and involving authorities for investigation [5] - The Company emphasizes its commitment to transparency and high standards of corporate governance [6] Group 3: Company Overview - UTime Limited, trading under NASDAQ ticker WTO, specializes in the design, development, production, sales, and brand operation of mobile devices [7] - The Company aims to provide cost-effective products and serves a broad customer base globally [7]

Core Viewpoint - UTime Limited has completed changes to its Board of Directors, ensuring that governance mechanisms are functioning normally and business operations remain unaffected [1][4][6]. Board Changes - On September 4, 2025, the company received formal resignations from directors Qiu Hengcong, Bao Minfei, Xie Hailin, and Jia Xiaoqian, which became effective upon submission [2]. - New directors were appointed on September 8-9, 2025, including Wang Tianlong as CEO and Chairman, Ouyang Xuan as Independent Director and Chairperson of the Audit Committee, Tong Shirong as Independent Director and Chairman of the Compensation Committee, Liu Zhongping as Independent Director and Chairman of the Nomination and Governance Committee, and Wu Xiaoxia as Director [3][4]. Governance and Operations - The newly appointed directors have formally assumed their duties, and the corporate governance structure is described as sound and operating smoothly [4][6]. - Management is fully performing its duties, with daily operations and strategic execution progressing normally [6]. Company Commitment - UTime Limited commits to strict compliance with information disclosure obligations and NASDAQ corporate governance standards, providing accurate and timely information to the market, and upholding principles of compliance, transparency, and sound governance to enhance long-term value for shareholders and investors [8]. Company Overview - UTime Limited, trading under the NASDAQ ticker WTO, is engaged in the design, development, production, sales, and brand operation of mobile devices in China and globally, aiming to provide cost-effective products to a broad customer base [9].

Company Overview - UTime Limited is a mobile device manufacturer and technology company trading under the NASDAQ ticker WTO, engaged in the design, development, production, sales, and brand operation of mobile devices both in China and globally [3]. Recent Developments - On September 9, 2025, UTime Limited announced the formal change of its official website to http://wtoworld.com/, where investors can access company information [2]. - On September 11, 2025, UTime Limited issued a statement to clarify its management and board composition following an unauthorized filing with the U.S. Securities and Exchange Commission (SEC) [1].

Core Viewpoint - UTime Limited clarifies that a fraudulent filing was submitted to the SEC, falsely claiming management changes, and asserts that the current management team remains intact [2][3][4] Company Management and Board Composition - The unauthorized filing claimed that UTime's officers and directors had resigned and been replaced, which the company denies [2] - The current management team includes CEO Hengcong Qiu, along with directors Minfei Bao, Xiaoqian Jia, Hailin Xie, and Yanzhi Wang, all of whom remain in their positions [2][7] Response to Fraudulent Filing - UTime believes the fraudulent filing was made by a former employee with unauthorized access to the company's EDGAR filing codes [3] - The company is taking immediate actions to rectify the situation, including notifying the SEC and relevant authorities for investigation [4] Commitment to Transparency - UTime emphasizes its commitment to transparency and high standards of corporate governance, assuring stakeholders of its integrity [4] Company Overview - UTime Limited, trading under NASDAQ ticker WTO, is involved in the design, development, production, sales, and brand operation of mobile devices both in China and globally [5]

Core Viewpoint - 联代科技 (WTO) experienced a significant stock price increase of 10.89%, reaching $1.0 per share, with a total market capitalization of $20.98 million as of August 23 [1] Financial Performance - As of March 31, 2025, 联代科技 reported total revenue of 251 million RMB, representing a year-on-year growth of 45.8% [1] - The company recorded a net loss attributable to shareholders of 670 million RMB, which reflects a dramatic year-on-year decrease of 1000.6% [1] Company Overview - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions to global consumers, particularly targeting low-income populations in both mature and emerging markets [1] - The company is primarily engaged in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1] - Emphasizing systematic management, 联代科技 adheres to strict quality standards and production processes, continuously enhancing its overall manufacturing service levels and cost control processes to ensure sustainable development in the electronic manufacturing services industry [1]

Core Points - UTime Limited has received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 as per Nasdaq Listing Rule 5550(b)(1) [1] - The company's reported stockholders' equity in its Form 20-F for the year ended March 31, 2025, is below the required threshold [1] - UTime does not meet the alternatives of market value of listed securities or net income from continuing operations as of August 14, 2025 [1] Compliance Plan - The notification does not have an immediate effect on the listing of UTime's class A ordinary shares on Nasdaq [2] - UTime has 45 calendar days, until September 29, 2025, to submit a plan to regain compliance with the minimum stockholders' equity standard [2] - If the compliance plan is accepted by Nasdaq, it may grant an extension of up to 180 calendar days from the date of the notification letter [2] Disclosure - The press release serves to disclose the receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5815(a) [3]

Group 1 - The core viewpoint of the article highlights the significant increase in revenue for the company, despite a substantial decline in net profit [1] - As of August 8, the company's stock price rose by 5.12%, reaching $1.13 per share, with a total market capitalization of $23.71 million [1] - The company reported total revenue of 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The company, 联代科技, specializes in mobile device manufacturing, focusing on providing cost-effective products and solutions for low-income consumers in both mature and emerging markets [1] - The company is involved in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1] - The company emphasizes systematic management, strict quality standards, and production processes to enhance overall manufacturing service levels and improve cost control [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of 联代科技 (WTO), noting a significant increase in revenue but a drastic decline in net profit [1] - As of August 7, 联代科技's stock opened at $1.11 per share, reflecting a 3.26% increase, with a total market capitalization of $23.29 million [1] - The company reported total revenue of 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The net profit attributable to the parent company was -127 million RMB, showing a year-on-year decrease of 1114.16% [1] - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions for global consumers, particularly targeting low-income populations in both mature and emerging markets [1] - The company engages in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of 联代科技 (WTO), noting a significant revenue increase but a drastic decline in net profit [1] - As of August 5, 联代科技's stock price rose by 2.78% to $1.11 per share, with a total market capitalization of $23.29 million [1] - The company's total revenue reached 138 million RMB for the period ending September 30, 2024, representing a year-on-year growth of 64.91% [1] Group 2 - The net profit attributable to the parent company was -127 million RMB, reflecting a year-on-year decrease of 1114.16% [1] - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions for low-income consumers in both mature and emerging markets [1] - The company engages in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]

Core Viewpoint - 联代科技 (WTO) has shown a significant increase in stock price and revenue, but it faces a substantial decline in net profit, indicating potential challenges in profitability despite revenue growth [1]. Financial Performance - As of September 30, 2024, 联代科技 reported total revenue of 138 million RMB, representing a year-on-year growth of 64.91% [1]. - The company experienced a net loss of 127 million RMB, which is a dramatic decrease of 1114.16% compared to the previous year [1]. Company Overview - 联代科技 is a mobile device manufacturing company focused on providing cost-effective products and solutions to global consumers, particularly targeting low-income populations in both mature and emerging markets [1]. - The company is engaged in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics [1]. - Emphasizing systematic management, 联代科技 adheres to strict quality standards and production processes, aiming to enhance overall manufacturing service levels and strengthen cost control processes [1].