Dividends & Buybacks ·
UTime Limited held an extraordinary general meeting on September 10, 2026, where shareholders approved four proposals
FXHOUTime Ltd
UTime Limited held an extraordinary general meeting on September 10, 2026, where shareholders approved four proposals. First, the authorized share capital was increased from US$450.1 million to US$50 billion by creating approximately 9.91 billion new Class A shares and 900 million new Class B shares. Second, a share subdivision was approved, converting each existing Class A share (par value $5.0) into 500 million new Class A shares (par value $0.00000001) and each Class B share into 100,000 new Class B shares. Third, the memorandum and articles of association were amended and restated. Fourth, shareholders granted the board authority to consolidate Class A shares at a ratio between 1:10 and 1:100 if the stock price trades below $1.00 for five consecutive days. UTime Limited operates in the technology sector, providing software industry services.