UTime Limited Announces Nasdaq Ticker Symbol Change to WTO
August 28 2023 - 11:18AM
UTime Limited (NASDAQ: UTME; the "Company" or “UTME”) announced
that the Company will be changing its ticker symbol from "UTME" to
"WTO”. Effective on Tuesday September 5, 2023, the Company’s
ordinary shares will trade on Nasdaq under the new symbol “WTO”.
"According to the needs of the Company's future
strategy and business development, we will officially change the
ticker symbol," CEO of the Company, Hengcong Qiu commented. "Over
the past few years, the Company has actively sought to diversify
its business development and has brought us new business growth
opportunities in many areas. The change of the Company's ticker
symbol to 'WTO' will have a positive impact on building the
Company's long-term brand influence and enhancing our brand
value."
No action is required by existing shareholders with
respect to the ticker symbol change. The Company’s ordinary shares
will continue to be listed on Nasdaq and the CUSIP will remain
unchanged.
About UTime Limited
UTime Limited, established in 2008, is committed to
providing cost-effective mobile devices to consumers globally and
to helping low-income individuals from established markets,
including the United States, and the emerging markets, including
countries in South Asia and Africa, have better access to updated
mobile technology. The Company is mainly engaged in the design,
development, production, sales and brand operation of mobile
phones, accessories and related consumer electronic products. For
more information, visit the Company’s website at
http://www.utimeworld.com/.
Forward-Looking Statements
All statements other than statements of historical
fact in this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy and financial projections. Investors can identify these
forward-looking statements by words or phrases such as “may,”
“will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “potential,” “continue,” “is/are likely to” or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and in its
other filings with the SEC.
For more information, please
contact:Kim He Email:
kim@westock.com
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