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]
UTime Limited Reaffirms Current Leadership and Board Composition Following Issuance of Unauthorized Press Release