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]
UTime Limited Reaffirms Current Leadership and Board Composition Following Unauthorized SEC Filing