Business
UTime Limited Announces Board Changes and Confirms Corporate Governance Stability
7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People’s Republic of China 518061 Shenzhen, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO, the “Company”) today confirms that recent changes to its Board of Directors have been completed in accordance with the Company's Articles of Association and relevant procedures, and have been publicly announced. The Company reiterates that its Board structure remains intact, governance mechanisms are f
About this update from Utime Limited
7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People’s Republic of China 518061 Shenzhen, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO, the “Company”) today confirms that recent changes to its Board of Directors have been completed in accordance with the Company's Articles of Association and relevant procedures, and have been publicly announced. The Company reiterates that its Board structure remains intact, governance mechanisms are functioning normally, and business operations have not been affected. Director Resignations On September 4, 2025, the Company received formal written resignations from directors Qiu Hengcong, Bao Minfei, Xie Hailin, and Jia Xiaoqian. These resignations were disclosed to the public via Company announcements and became effective upon submission. Pursuant to U.S. securities laws and Nasdaq corporate governance rules, such resignations are legally effective upon submission. New Director Appointments Pursuant to the Company's Articles of Incorporation and relevant procedures, the Board of Directors formally appointed the following individuals on September 8–9, 2025: Wang Tianlong, male, 39 years old, Bachelor of Software Engineering from Hebei University, appointed as Chief Executive Officer and Chairman of the Board; Ouyang Xuan, female, 32 years old, Bachelor of International Trade from Guangdong University of Foreign Studies, appointed as Independent Director and Chairperson of the Audit Committee, a member of Compensation Committee and Nomination and Governance Committee; Tong Shirong, male, 52 years old, Master of Business Administration from Tongji University, appointed as Independent Director and Chairman of the Compensation Committee, a member of Audit Committe and Nomination and Governance Committee; Liu Zhongping, male, 47 years old, Bachelor of Business Administration from Hebei University of Economics and Business, appointed as Independent Director and Chairman of the Nomination and Governance Committee, a member of Audit Committee and Compensation Committee; Wu Xiaoxia, female, 37 years old, Bachelor of Public Administration from Huaxin College of Hebei University of Geosciences, appointed as Director. The above appointments have been approved by the Board of Directors and publicly announced through company disclosures, rendering them legally effecti...