UTime Limited Enhances Board Structure for Better Governance
UTime Limited Enhances Board Structure for Better Governance
UTime Limited (NASDAQ: WTO) recently implemented important changes to its Board of Directors, ensuring adherence to the company’s Articles of Association and established procedures. This transition reflects their commitment to maintaining a robust governance framework while assuring stakeholders of the ongoing stability and functionality of their corporate systems.
Director Resignations
On September 4, 2025, UTime Limited formally received resignations from several board members, including Qiu Hengcong, Bao Minfei, Xie Hailin, and Jia Xiaoqian. These resignations were promptly made public, with effectiveness determined upon their submission, in line with U.S. securities regulations and NASDAQ governance protocols.
New Director Appointments
Following these departures, the Board met between September 8 and September 9, 2025, to appoint new directors who are set to bring fresh perspectives and expertise to the company. The newly appointed members are:
- Wang Tianlong, Chief Executive Officer and Chairman of the Board, 39, a software engineering graduate from Hebei University.
- Ouyang Xuan, Independent Director and Chairperson of the Audit Committee, 32, who holds a degree in International Trade from Guangdong University of Foreign Studies.
- Tong Shirong, Independent Director and Chairman of the Compensation Committee, 52, with an MBA from Tongji University.
- Liu Zhongping, Independent Director and Chairman of the Nomination and Governance Committee, 47, who has a business administration degree from Hebei University of Economics and Business.
- Wu Xiaoxia, Director, 37, who studied Public Administration at Huaxin College of Hebei University of Geosciences.
These appointments have been officially approved and communicated through company disclosures, marking a significant step towards solidifying the governance framework of UTime Limited.
Focus on Governance and Operations
With the new Board in place, UTime Limited emphasizes its clear and effective governance mechanism. Management is diligently executing daily operations, achieving strategic objectives, and engaging proactively with stakeholders. This focus on consistent governance ensures business continuity and aligns with the company’s commitment to transparency.
Company Commitment and Future Direction
UTime Limited pledges to rigorously adhere to all applicable information disclosure requirements and NASDAQ standards of governance. They aim to:
- Provide accurate and timely updates to the market reflecting the company's ongoing activities.
- Uphold compliance, transparency, and sound governance principles that foster trust and long-term value for their investors.
Further establishing itself in the global marketplace, UTime Limited focuses on designing, developing, and producing mobile devices known for their value and quality. Trading under the NASDAQ ticker WTO, their goal is to cater to a diverse and expansive customer base, promoting innovative technology solutions throughout various markets.
Frequently Asked Questions
What board changes have occurred at UTime Limited?
UTime Limited announced the resignation of several directors and the appointment of new members to its Board, enhancing its governance structure.
Who are the newly appointed directors?
The new directors include Wang Tianlong as CEO and Chairman, Ouyang Xuan, Tong Shirong, Liu Zhongping, and Wu Xiaoxia.
How will these changes affect UTime Limited's operations?
The company assures that its operations remain stable and that the new board will enhance governance and strategic direction.
What is UTime Limited's commitment to shareholders?
UTime Limited is committed to compliance, transparent reporting, and governance practices to maintain and increase shareholder value.
What does UTime Limited specialize in?
UTime Limited specializes in the design, development, and production of cost-effective mobile devices for a global audience.
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