UTime entered a non-binding letter of intent to acquire 100% of Feixiaohao Technology, which operates the Web3 data analytics and asset pricing platform feixiaohao.ai. The proposed transaction is valued at up to USD80 million. Consideration would consist of USD64 million in UTime ordinary shares or convertible preferred shares and USD16 million in cash. The parties have begun preliminary discussions and plan to negotiate and sign a definitive agreement, subject to conditions in the term sheet.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-009981), on March 13, 2026, and is solely responsible for the information contained therein.