Shenzhen, China, Oct. 16, 2025 – UTime Limited (Nasdaq: WTO), a manufacturer of consumer electronics and mobile devices, including smartphones, feature phones, and accessories sold under both OEM/ODM agreements and its proprietary brands, today announced it has finalized a securities purchase agreement. This agreement involves five institutional investors who will acquire a total of 22,727,275 units in a registered direct offering. Each “Unit” comprises one Class A ordinary share of the Company, with a par value of $0.001 per share, and one Series A warrant. The purchase price per Unit is $1.10.
The Company anticipates receiving approximately $25.0 million in gross proceeds from this offering, prior to the deduction of placement agent fees and other associated offering expenses.
Each Series A warrant is immediately exercisable upon issuance at an exercise price of $1.10 per Class A Ordinary Share and will expire six months from its issuance date. The total gross proceeds to UTime Limited from this offering are projected to be approximately $25 million. The transaction is slated to conclude on or about October 17th, 2025, contingent upon the fulfillment of standard closing conditions.
Univest Securities, LLC is serving as the exclusive placement agent for this offering.
This registered direct offering is being conducted under a shelf registration statement on Form F-3 (File No. 333-278912), which was previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on June 10th, 2024. A final prospectus supplement and the accompanying prospectus, detailing the terms of the offering, will be filed with the SEC and made available on the SEC’s website at . Electronic copies of these documents can be obtained, once available, by contacting Univest Securities, LLC at , or by calling +1 (212) 343-8888.
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will there be any sales in any jurisdiction where such an offer, solicitation, or sale would be unlawful without prior registration or qualification under local securities laws. Copies of the prospectus supplement for the registered direct offering, along with the base prospectus, will be filed by the Company and, upon filing, can be accessed on the SEC’s website at .
About UTime Limited
UTime Limited operates as a consumer electronics and mobile communications company, specializing in the design, development, and manufacturing of smartphones, feature phones, and associated accessories. The company offers comprehensive product solutions, including hardware design, software customization, and after-sales support, through both OEM/ODM services and its own brands. Its core business activities encompass: (i) contract manufacturing for global telecommunication operators and device distributors; (ii) in-house development of value-focused smart devices under the “UTime” and “Do” brands; (iii) the integration of emerging technologies like IoT and 5G into its consumer electronics portfolio; and (iv) providing supply-chain and production management services to third-party clients. UTime is committed to a quality-first approach and an efficient production model, aiming to deliver dependable, accessible mobile technology to both developing and established markets globally.
Forward-Looking Statements
Certain statements contained in this announcement, including those pertaining to the Company’s proposed offering, are forward-looking statements. These statements inherently involve known and unknown risks and uncertainties. They are based on current expectations and projections regarding future events and financial trends that the Company believes could impact its financial condition, operational results, business strategy, and financial requirements, including the expectation that the offering will successfully close. Investors can often identify these statements by terms such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect subsequent events, circumstances, or changes in its expectations, except as mandated by law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee their accuracy. The Company advises investors that actual results may diverge significantly from anticipated outcomes and encourages a review of other factors that could influence its future results, as detailed in the Company’s registration statement and other filings with the SEC.
Contact:
UTime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People’s Republic of China 518061
Tel: (86) 755 86512266
