UTime Limited Announces Appointment of Weiyuan Wang to Board of Directors
28 May 2022 - 7:00AM
UTime Limited (NASDAQ: UTME) (“UTime”), a
mobile device manufacturing company focused on China and other
emerging markets, today announced that the company’s Board of
Directors has appointed Weiyuan Wang to the Board. Mr. Wang will
serve as an independent Board member and will also serve as the
Chairman of the Nominating and Corporate Governance Committee and
the member of the Audit Committee and the Compensation Committee of
the Board of Directors. Mr. Wang joins the UTime Board of Directors
following the voluntary resignation of Lawrence Eckles from the
Board of Directors for personal reasons.
About UTime Limited
UTime Limited operates as a mobile device
manufacturing company committed to providing cost effective
products and solutions to consumers globally and helping low-income
individuals from established and emerging markets. UTime Limited is
mainly engaged in the design, development, production, sales and
brand operation of mobile phones, accessories and related consumer
electronics. UTime Limited values systematic management and
organizes production with strict high-quality standards and
production technologies. UTime Limited continuously endeavors to
improve its overall manufacturing service level, to strengthen its
cost control processes, and enhance its ability to respond rapidly
to market dynamics for sustainable development in its Electronics
Manufacturing Services segment.
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
“forward-looking statements” within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the expected trading
commencement and closing dates. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,”
“would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the
uncertainties related to market conditions and the completion of
the public offering on the anticipated terms or at all, and other
factors discussed in the “Risk Factors” section of the preliminary
prospectus filed with the SEC. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and the Company specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
For investor and media inquiries, please
contact:
In China:
Wonderful Sky Financial Group Melody Pan Tel: 852-3970-2265
E-mail: melodypanj@wsfg.hk
In the United States:
Wonderful Sky Financial GroupSana Bao Tel:
+1-917-975-5673 E-mail: sanabaoh@wsfg.hk
For Company Inquiries, please contact:
Mengzhu Zhao Tel: +86-755-86512181 E-mail:
ir@utimemoblie.com
For Underwriter Inquiries Please Contact:
Boustead Securities, LLCDaniel J. McClory, Head of ChinaTel: +1
949 502 4408Email: dan@boustead1828.com
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