UTime reports progress on Feixiaohao transaction due diligence
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UTime Limited Provides Update on Due Diligence Progress for Proposed Transaction with Feixiaohao
May 11, 2026 9:00 AM EDTSHENZHEN, China, May 11, 2026 (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ: WTO) (UTime or the Company), a company focused on technology innovation and digital infrastructure development, today announced that its ongoing financial, legal and operational due diligence relating to the proposed transaction with Feixiaohao Technology Inc. (Feixiaohao) is progressing smoothly and in an orderly manner.
As previously disclosed, UTime entered into a non-binding letter of intent regarding a potential strategic transaction involving Feixiaohao, a widely recognized Web3 data and information platform serving millions of cryptocurrency and blockchain users globally.
The Company... More
