Dividends & Buybacks ·
UTime Limited filed a Form 6-K announcing an Extraordinary General Meeting scheduled for September 10, 2026
FXHOUTime Ltd
UTime Limited filed a Form 6-K announcing an Extraordinary General Meeting scheduled for September 10, 2026. The company seeks shareholder approval to increase authorized share capital from US$450.1 million to US$50 billion and subdivide Class A shares at a ratio of 1-for-500,000,000 and Class B shares at 1-for-100,000. Additionally, shareholders are asked to approve a contingent reverse stock split authorization allowing the board to consolidate Class A shares within a 1:10 to 1:100 ratio if the share price trades below US$1.00 for five consecutive days. This action aims to maintain compliance with Nasdaq's minimum bid price requirement and avoid delisting. UTime Limited operates in the mobile entertainment industry, providing short-form video content.