( MENAFN - GlobeNewsWire - Nasdaq) NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- UTime Limited ("UTime" or the"Company") (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value $0.0001 per share (the"Ordinary Shares"), at a ratio of 1-for-10, to be effective on or around the open of trading on March 31, 2025. Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on or around Monday, March 31, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.001 per share and will continue to trade on Nasdaq under the symbol"WTO" with the new CUSIP number, G9411M124.