UTime Ltd

UTime Ltd. engages in the operation of designing, manufacturing, and marketing mobile communication devices, and selling a variety of related accessories. The firm is also involved in providing mobile devices to consumers and help individuals from established markets in having better access to updated mobile technology. The company was founded by Min Fei Bao, Jun Lin Zhou, and Bo Tang in June 2008 and is headquartered in Shenzhen, China.

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) --  UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, announced today that on October 10, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).

UTime Limited Received Nasdaq Notification Letter Regarding Bid Price Deficiency

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it has entered into a securities purchase agreement with certain accredited investor to sell $5 million of its ordinary shares in a registered direct offering.

UTime Limited Announces Pricing of $5 Million Registered Direct Offering

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it will effect a reverse share split of its outstanding ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at a ratio of 1-for-25, to be effective on or around the open of trading on September 11, 2024.

UTime Limited Announces 1-For-25 Reverse Share Split

NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, announced today that it received a formal notification from the Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company's ordinary shares to maintain a minimum bid price of $1.00 per share.

UTime Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, today announced that on February 28, 2024, the Company received a written notification from the Nasdaq's Listing Qualifications Department, granting the Company another 180 calendar days extension, or until August 26, 2024, to regain compliance with Nasdaq's minimum bid price requirement.

UTime Limited Receives 180-day Extension from Nasdaq to Meet Minimum Bid Price Rule

SHENZHEN, China, Sept. 15, 2023 (GLOBE NEWSWIRE) -- United Time Technology Co. Ltd, an entity controlled via contractual agreement by UTime Ltd. (NASDAQ:WTO; the "Company" or “WTO”) signed a strategic partnership agreement on September 12, 2023 to design, assemble and supply up to 10,000 new smart EV chargers to Shenzhen Jiuzi XinNeng Holding Group Co., Ltd. (“Jiuzi”), an indirect subsidiary of Jiuzi Holdings, Inc. (NASDAQ: JZXN) from 2024 to 2027. The parties aim to deploy the chargers to provide more convenient and efficient charging solutions for electric vehicle users in third and fourth-tier cities in China. This cooperation is expected to leverage the advantages of both parties in technology, service and marketing to inject new impetus into the sustainable development of the electric vehicle industry chain and create greater value for investors, partners and customers.

UTime Ltd. Announces Strategic Partnership Agreement to Supply up to 10,000 Smart Electric Vehicle (EV) Chargers to Subsidiary of Jiuzi Holdings Inc. (NASDAQ: JZXN)

SHENZHEN, China, Aug. 28, 2023 (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ: UTME; the "Company" or “UTME”) announced that the Company will be changing its ticker symbol from "UTME" to "WTO”. Effective on Tuesday September 5, 2023, the Company's ordinary shares will trade on Nasdaq under the new symbol “WTO”.

UTime Limited Announces Nasdaq Ticker Symbol Change to WTO

NEW YORK, March 30, 2023 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, have better access to updated mobile technology, today announced that the Company received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) on March 24, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq.

UTime Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, have better access to updated mobile technology, today announced its financial results for the first six months of fiscal year 2023 ended September 30, 2022.

UTime Announces Financial Results for The First Six Months of Fiscal Year 2023

New York, Aug. 24, 2022 (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ: UTME) (“UTime” or the “Company), a mobile device manufacturing company focused on China and other emerging markets, today announced that  it has received a notice (“Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended March 31, 2022 (the “Form 20-F”) in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1) (the “Rule”).

UTime Limited Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 20-F

SHENZHEN, CHINA, May 27, 2022 (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ: UTME) (“UTime”), a mobile device manufacturing company focused on China and other emerging markets, today announced that the company's Board of Directors has appointed Weiyuan Wang to the Board. Mr. Wang will serve as an independent Board member and will also serve as the Chairman of the Nominating and Corporate Governance Committee and the member of the Audit Committee and the Compensation Committee of the Board of Directors. Mr. Wang joins the UTime Board of Directors following the voluntary resignation of Lawrence Eckles from the Board of Directors for personal reasons.

UTime Limited Announces Appointment of Weiyuan Wang to Board of Directors

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NEW YORK, Oct. 6, 2021 /PRNewswire/ -- UTime Limited ("UTime" or the "Company") (Nasdaq: UTME) announced that on October 6, 2021, the People's Government of Jiangnan District in Nanning City and United Time Technology Co., Ltd. ("UTime SZ") signed an investment agreement on the establishment of the production line of smart telecom devices (the Nanning Production Base) in accordance with which, UTime SZ agreed to establish manufacturing facilities to produce smart telecom devices in Nanning, China.

UTime Announces Plans to Build Smart Telecom Device Production Base in Nanning, China

UTime LTD. (NASDAQ:UTME) shares traded higher Friday as retail traders tried to catch the bounce following the stock's plummet Thursday. The stock saw a drop from $75 to $14 Thursday, and now traders are trying to catch the rebound.

Why Has UTime Stock Been In A Free Fall?

The stock price of UTime Ltd (NASDAQ: UTME) increased by over 55% during intraday trading. This is why it happened.

UTime Stock Price Increased Over 55% Intraday: Why It Happened

The stock price of UTime (NASDAQ: UTME) increased by 110.69% today. These are some details about the company you should know about.

UTime Stock Price Increased 110.69%: Why It Happened

Shares of UTime Ltd. soared 133.3% in very volatile afternoon trading Wednesday, enough to pace all gainers on major U.S. exchanges, in the China-based mobile phone maker's second day of trading on the Nasdaq.

UTime stock more than doubles, and is now 2,175% above its IPO price

UTime (UTME) stock is on the rise Wednesday as investors take interest in the mobile phone company following its recent IPO. The post UTME Stock: 17 Things to Know About Low-Cost Mobile Play UTime as Shares Skyrocket appeared first on InvestorPlace.

UTME Stock: 17 Things to Know About Low-Cost Mobile Play UTime as Shares Skyrocket

UTime Ltd (NASDAQ: UTME) shares are up over 1,000% Tuesday afternoon on heavy volume after the company announced the pricing of its initial public offering Tuesday morning of 3,750,000 shares at a price of $4.00 per share. UTime began trading just after 11 a.m.

What In The World Is Going On With UTME Stock Today?

NEW YORK, April 6, 2021 /PRNewswire/ -- UTime Limited ("UTime" or the "Company") (Nasdaq: UTME), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally, today announced the pricing of its initial public offering of 3,750,000 shares of its ordinary shares at a price of US$4.00 per share to the public for a total of US$15 million of gross proceeds to UTime.  The ordinary shares are expected to begin trading on the Nasdaq Capital Market on April 6, 2021 under the symbol "UTME.

News for UTime Ltd Stock (UTME)