UTime Ltd dismissed independent registered public accounting firm Assentsure PAC and appointed Li CPA LLC as its new auditor, effective upon execution of the engagement letter. The change was approved by the audit committee and resulted from a careful evaluation process rather than any disagreement regarding accounting principles, financial disclosures, or auditing scope. The prior auditor's reports for fiscal years ended March 31, 2026, and 2025 contained no adverse opinions or qualifications. However, the filing notes that management reported material weaknesses in internal control over financial reporting in its Form 20-F filed on August 10, 2026. UTime Ltd operates as a technology company providing software industry services.

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.

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.