Core Viewpoint - UTime Limited will implement a share consolidation, converting every five Class A ordinary shares into one share, effective February 17, 2026 [1][2]. Group 1: Share Consolidation Details - The share consolidation was approved by the board of directors on January 20, 2026, and subsequently by shareholders at an extraordinary general meeting on January 26, 2026 [2]. - The final consolidation ratio of 5:1 was established by the board on January 26, 2026 [2]. - Shareholders also approved resolutions to increase authorized share capital and amend the memorandum and articles of association during the extraordinary meeting [2]. Group 2: Impact on Shareholders - The share consolidation will not change any shareholder's percentage ownership interest in the company, aside from minor adjustments for fractional shares [3]. Group 3: Company Overview - UTime Limited, trading under the Nasdaq ticker WTO, is involved in the design, development, production, sales, and brand operation of mobile devices both in China and globally [4]. - The company aims to provide cost-effective products and serves a broad customer base [4].
UTime Limited Announces Reverse Stock Split