- UTime Limited (NASDAQ: WTO) issued a statement on **September 11, 2025**, to clarify that its management and board composition remain unchanged, refuting **fraudulent press releases and 6-K filings** that claimed leadership resignations and replacements.  **[1789299_0001493152-25-017643_ex99-1.htm:0]** **[1789299_0001493152-25-017643_form6-k.htm:1]** 
- The company explicitly stated that **Mr. Hengcong Qiu** remains the Chief Executive Officer, Chief Financial Officer, and Chairman of the Board, and has not resigned.  **[1789299_0001493152-25-017643_ex99-1.htm:0]**  The Board of Directors, consisting of Messrs. Minfei Bao, Hengcong Qiu, Xiaoqian Jia, Hailin Xie, and Yanzhi Wang, also remains unchanged.  **[1789299_0001493152-25-017643_ex99-1.htm:0]** **[1789299_0001493152-25-017643_form6-k.htm:1]** 
- UTime Limited believes a **former employee** is responsible for these deliberate attempts to interfere with the company's business operations and management, and has taken actions including notifying the SEC and proper authorities.  **[1789299_0001493152-25-017643_ex99-1.htm:0]** **[1789299_0001493152-25-017643_form6-k.htm:1]** 
- The company regained access to its SEC Edgar filing codes on **October 9, 2025**, after an unauthorized individual had taken control of them and blocked the company's officers and filing agent.  **[1789299_0001493152-25-017643_form6-k.htm:1]**

UTime (WTO)