UTime Limited (NASDAQ:WTO) (the "Company"), a consumer electronics and mobile device manufacturer specializing in the design, production, and sale of smartphones, feature phones, and related accessories under both OEM/ODM and self-owned brands, today announced that it has entered into a definitive securities purchase agreement with five institutional investors for the purchase and sale of an aggregate of 22,727,275 units (each, a "Unit"), consisting of one class A ordinary share of the Company, par value $0.001 per share (each, an "Class A Ordinary Share") and one Series A warrant (each, a "Warrant"), at a purchase price of $1.10 per Unit in a registered direct offering.

The gross proceeds to the Company from this offering are expected to be approximately $25.0 million, before deducting placement agent fees and other offering expenses payable by the Company.

Each of the Warrants will have an exercise price of $1.10 per Class A Ordinary Share, will be immediately exercisable upon issuance, and will expire on the six-month anniversary of the issuance date. The aggregate gross proceeds to the Company of this offering are expected to be approximately $25 million. The transaction is expected to close on or about October 17th, 2025, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as sole placement agent for the offering.