On October 5, 2026, UTime Limited, a Cayman Islands exempted company and foreign private issuer, filed an amended report to provide redacted versions of five agreements related to equity grants totaling 1,000,000 Class A ordinary shares issued under its 2026 Equity Incentive Plan.
Key Highlights
- Purpose of amendment: The filing updates the original report by replacing five exhibits with redacted versions after the originals “inadvertently contained certain non-material confidential information.”
- Advisory shares grant: Under a Special Strategic Advisory Services Agreement dated September 8, 2026, UTime agreed to issue 600,000 Class A ordinary shares to advisor Li Donghong.
- Business development shares grant: UTime agreed to issue 400,000 Class A ordinary shares to service provider Keru Jiang, converting compensation from cash to equity via a Supplemental Agreement dated July 1, 2026.
- Total shares issued: Grant Agreements dated September 17, 2026 formalized the issuance of 1,000,000 Ordinary Shares in total to both recipients.
- Equity plan governing issuance: All shares were issued under the Company’s 2026 Equity Incentive Plan.
- No further amendments: The filing confirms “no other changes have been made to the Original 6-K” aside from the exhibit redactions.
Details on UTime Limited’s Equity Grants to Advisors and Service Providers
UTime Limited, based at 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan, Shenzhen, People’s Republic of China, disclosed two distinct service agreements leading to equity compensation under its 2026 Equity Incentive Plan. The company, which files annual reports on Form 20-F as a foreign private issuer, entered into a Special Strategic Advisory Services Agreement with Li Donghong on September 8, 2026. Under this agreement, Li Donghong provides “advisory and analytical services related to the Company’s various business streams,” compensated with 600,000 Class A ordinary shares.
Additionally, UTime disclosed a Business Development Agreement originally signed on April 1, 2026, with Keru Jiang. Initially, the agreement provided for cash compensation, but a Supplemental Agreement dated July 1, 2026 converted this compensation to equity, resulting in a grant of 400,000 Class A ordinary shares to Keru Jiang. Both equity grants were formalized via Grant Agreements executed on September 17, 2026, totaling 1,000,000 Ordinary Shares issued to the two service providers.
The amendment filing does not change the original report’s substance. Its sole purpose is to submit redacted versions of Exhibits 10.1 through 10.5, which are agreements involving the company. The redactions cover information deemed non-material and confidential. CEO Hengcong Qiu signed the filing on October 5, 2026.
Summary of Disclosure
UTime Limited amended its September 2026 foreign private issuer report to provide redacted copies of five service and grant agreements, revealing the issuance of a total of 1,000,000 Class A ordinary shares to two service providers under the 2026 Equity Incentive Plan.
