• UTime is progressing with financial, legal and operational due diligence for a proposed strategic transaction with Feixiaohao Technology under a previously disclosed non-binding letter of intent.
• Work is moving in an orderly manner, with both sides coordinating through advisors while assessing integration opportunities, technology infrastructure and market expansion plans.
• Management views Feixiaohao, a Web3 data and information platform with millions of global cryptocurrency and blockchain users, as a potential fit for its Web3 and digital data infrastructure strategy.
• Any deal remains subject to completion of due diligence, negotiation and execution of definitive agreements, closing conditions and required approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UTime Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605110900PRIMZONEFULLFEED9717405) on May 11, 2026, and is solely responsible for the information contained therein.