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]
UTime Ltd. Received Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency