Non-Binding LOI

UTime Plans to Acquire Feixiaohao for up to USD 80 Million

March 13, 2026 · Nasdaq: WTO

UTime Limited (Nasdaq: WTO) signed a non-binding letter of intent to acquire 100% of Feixiaohao for up to USD 80 million — USD 64M in shares and USD 16M in cash — marking its entry into Web3 data infrastructure.

Total value$80MUp to

Shares$64MStock consideration

Cash$16MCash consideration

SEC Filings

SEC2026-03-13

SEC Form 6-K Report

Foreign private issuer report filed by UTime Limited with the U.S. SEC, containing the transaction announcement.

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SEC2026-03-13

Exhibit 99.1 — Press Release

Full text of the announcement: deal structure, strategic rationale, CEO statement and safe harbor.

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Media Coverage

UTime World2026-03-13

UTime World Announcement

Official transaction announcement and details published by UTime.

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TipRanks2026-03-13

TipRanks Coverage

UTime Moves Into Web3 With Planned $80 Million Feixiaohao Acquisition

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Futu2026-03-13

Futu News Flash

Proposed deal valued at up to $80 million — $64M in shares and $16M in cash.

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About the Acquirer

Nasdaq: WTO2026-03-13

UTime Limited

Nasdaq-listed company (ticker WTO), headquartered in Shenzhen, designing, developing, manufacturing and selling mobile devices and smart hardware.

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