Utime Ltd. (中国)

The Company through its subsidiaries is primarily engaged in the operation of designing, manufacturing and marketing mobile communication devices, and selling a variety of related accessories.
The Company mainly engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provide Electronics Manufacturing Services (“EMS”), including Original Equipment Manufacturer (“OEM”), which the Company manufacture products solely pursuant to customers' orders, and Original Design Manufacturer (“ODM”) services, which it not only manufacture but also design products based on clients' demand, for well-known brands, such as TCL Communication Technology Holdings, Ltd., a subsidiary of TCL Corporation, Swagtek Inc., Shanghai Sunvov Communications Technology Co., Ltd. and T2Mobile International Limited. The Company s operations are based in China but most of its products are sold overseas, including India, Brazil, the United States, and other emerging markets countries in South Asia, Africa and Europe.
The Company have two in-house brands, “UTime,” which is its middle-to-high end label and targets middle class consumers from emerging markets; and “Do”, its low- to mid-end brand, which is positioned to target grassroots consumers and price-sensitive consumers in emerging markets. Its prime end user groups are segmented into regions like South America, South Asia, Southeast Asia and Africa.
HISTORY
2018 The Company was incorporated as an exempted company with limited liability under the laws of the Cayman Islands on October 9, 2018.
2019 On February 7, 2019, UTime India Private Limited (“UTime India”) is incorporated in India and became a wholly owned subsidiary of UTime Trading.
2021
The shares began trading on April 5, 2021 on the NASDAQ Capital Market. It s ordinary shares were listed for trading on the NASDAQ Capital Market under the symbol “UTME.”
On November 1, 2021, Guangxi Utime Technology Co., Ltd. (“UTime Guangxi”) is incorporated in Guangxi, China and became a wholly owned subsidiary of UTime Trading.
On December 17, 2021, UTime Trading acquired 51 of the equity interest of Gesoper S De R.L. De C.V. (“Gesoper”). Gesoper is incorporated in Mexico and is a subsidiary of UTime Trading.
2022 On January 17, 2022, Gesoper S De R.L. De C.V. (“Gesoper”) acquired 85 of Firts Communications And Technologies De Mexico S.A. De C.V. (“Firts”) equity interest. Firts was incorporated in Mexico and is a subsidiary of Gesoper.
2023 On August 28, 2023, the Company announced a change of trading symbol for its ordinary shares to “WTO” (from “UTME”), which the Company anticipates will become effective on the Nasdaq Stock Market at the open of trading on Tuesday September 5, 2023.