UTime Limited Announces Extraordinary General Meeting for Share Consolidation

UTime Limited has scheduled an Extraordinary General Meeting (EGM) for November 10, 2025, to consider and approve a proposal for a share consolidation. The proposal involves consolidating the company's Class A ordinary shares on a 100:1 basis, effectively reducing the number of shares and increasing the par value from $0.001 to $0.1 per share. The consolidation will not affect the company's Second Amended and Restated Memorandum and Articles of Association. Shareholders of record as of October 21, 2025, are entitled to vote at the EGM. The board of directors recommends a vote in favor of the proposal. The meeting will be held at the company's headquarters in Shenzhen, China, and shareholders can vote in person or by proxy.