UTime answers shareholder questions ahead of Sept. 10 extraordinary meeting
WTO•Extraordinary meeting set for Sept. 10
UTime set a Sept. 10, 2026 extraordinary general meeting to vote on major capital changes tied to Nasdaq listing risk.
Shareholders of record as of Aug. 27, 2026 may vote; Class A carries 1 vote per share, Class B carries 20.
Voting requirements and proposed capital changes
Quorum requires holders of at least one-third of issued shares present in person or by proxy; abstentions count for quorum only.
Key votes include:
- boosting authorized capital to US$ 50.001 billion
- subdividing shares to cut par value to US$ 0.00000001
- giving the board authority for a 1:10 to 1:100 reverse split if shares trade below US$ 1 for five straight days
