GlobeNewswire·Feb 6, 2026, 8:05 AM ET

UTime Limited Announces Reverse Stock Split

UTime Limited (NASDAQ: WTO) announced a share consolidation effective at 8:00 a.m. Eastern Time on February 17, 2026.
The consolidation ratio is 5-for-1, converting five Class A ordinary shares with a $0.10 par value into one share with a $0.50 par value.
Trading on the Nasdaq Capital Market will resume on a post-consolidation basis under the existing "WTO" ticker symbol on February 17, 2026.
A new CUSIP number, G9411M140, has been assigned for the consolidated shares.
The board of directors approved the consolidation on January 20, 2026, & it was ratified by shareholders at an extraordinary general meeting on January 26, 2026.
The 5:1 ratio was finalized by the board on January 26, 2026, & shareholders also approved resolutions to increase authorized share capital & amend the company's memorandum & articles of association.
Shareholder percentage ownership interests will remain unchanged except for minor adjustments due to fractional share treatment.
UTime Limited designs, develops, produces, & sells mobile devices globally & aims to provide cost-effective products.